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RE: Is Bitcoin Governance Truly Decentralised? Should It Be?

in #bitcoin7 years ago

'New governance systems might help but there is no simple solution'. Very true. I like koin's design, where mining is supplanted by voting and governance is split between a (1) board of 7, lower board of 17; (2) miner nodes; and (3) democratic votes of users. This then is a system of balance and checks. For example users can oust board chairs, miners can refuse updates, chairs can blacklist miners.

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Interesting. I haven't come across it before.

Sorry, koin is my name for a collection of ideas I've been writing about, see omegakoin.com

OK that makes sense!