Changelly

Cryptocurrency

A Modest Bitcoin Improvement Proposal, Proposal

14 Mins read



This is an opinion piece about BIP119 (OP_CTV). If you would like to submit a counter argument, please email Bitcoin Magazine.

We’ve Got A Problem

Decentralized consensus isn’t easy. There’s a reason most companies have CEOs, and “non-hierarchical” organizations tend not to function well for long. Bitcoin’s decentralized governance is harder still: On top of decentralization, we layer a relative lack of official processes, standards and norms for group decision-making — we even lack clarity around when to make a decision at all.

Jeremy Rubin’s recent proposal of a Speedy Trial consideration for Bitcoin improvement proposal (BIP)119 (OP_CTV) has brought these issues to the fore, illustrating just how difficult and amorphous the Bitcoin decision-making process is.





Source link

Related posts
Cryptocurrency

China returns as 2nd top Bitcoin mining hub despite the crypto ban

2 Mins read
The Chinese government has not managed to take down cryptocurrency operations as part of its crypto ban last year as China has…
Cryptocurrency

The INX Digital Company Reports Growth in New Registrations for Q1 2022

2 Mins read
NEO-listed owner of digital asset trading platforms, The INX Digital Company recently released its financial results for the first quarter ended 31…
Cryptocurrency

BTC Price Fluctuates Above $30K

2 Mins read
Bitcoin Trades in a Tight Range as BTC Price Fluctuates Above $30K – May 16, 2022 Since May 12, BTC/USD has been…

Leave a Reply

Your email address will not be published. Required fields are marked *