A Theory of Bitcoin Governance

This is the ideal bitcoin governance system. You may not like it, but this is what peak performance looks like.

The Branches of Bitcoin’s Governance

Checks and balances between Miners, Nodes, and Developers
  • Core Developers like it because privacy is a value they hold in high esteem
  • Economic Nodes are split: some believe it ruins auditability of 21M, others don’t care
  • Miners are split: the minority in remote oil fields are against (assuming CTs increase verification time or block transmission bandwidth), but the majority are in favor due to potentially higher fees

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Ryan Gentry

Ryan Gentry

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