Home > bitcoin > A Contrast In Crypto Governance

A Contrast In Crypto Governance

Since the EOAM has been forcefully pushed to the back of the thought-line yet again, another much appreciated moment of lucidity in thought allowed me to concoct this monstrosity…

The Bitcoin protocol dynamically creates a new, virtualized form of “hard” money. The network protects Bitcoin token owners from sneaky central bank and/or governmental shenanigans. As evidenced by 12 years of relentless, round-the-clock operation, Bitcoin’s minimal functionality and layered design keep the network secure and minimize attack surfaces that can be exploited by nation state hackers. By design, it’s hard to change the Bitcoin source code because all the following events must occur to successfully develop and deploy any changes:

The developers have to agree on what functionality to add,

The miners have to agree to run the modified software,

The users have to continuously believe in the integrity of the protocol or else…

they will abandon Bitcoin for the old, rigged, fiat system or worse, a centralized shitcoin deceptively promoting itself as decentralized, or, equivalently, a DINO (Decentralized In Name Only). Whereas DINO shitcoins primarily exist to make the peeps at the top of their centralized pyramids rich, Bitcoin exists for one audacious reason: to give every person on earth an equal chance of participating in unobstructed commerce to help bootstrap themselves out of poverty.

Categories: bitcoin
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