Quote from: ATguy on March 09, 2016, 10:49:37 AM

I dont see the rationale behind saying it is better when 1% decide about where Bitcoin is heading compared to majority vote. Actually supporting antidemocracy governance is not legal in democracies to keep majority of population safe from dictators who want all the power for themselves - so lets avoid that disaster for people in Bitcoin as well.

I wonder why so many despotist joined originally libertarian project. I guess they just joined because Bitcoin was so usefull for silk road and other illegal activities, I have no other explanation for such minded people here.

I`m not despotistic, and I`m absolutely 1000% anti-tyrrany.

But, you fail to see how a system that is broken is anything better than what any despot could offer.

So I`d prefer a weighted democracy, if that is what you want to call it, where you get voting % based on your bitcoin worth rather than just being a user.

So yes in that sense i support democracy but only if it's properly weighted.

Quote from: valta4065 on March 09, 2016, 11:46:34 AM

Quote from: RealBitcoin on March 08, 2016, 11:39:29 PM

A bitcoin oligarchy is better than a bitcoin democracy.

A democracy is a 51% attack, 51% of people vote for redistributing your coins to them, and you`d have no say in the matter.

So lets avoid that disaster.

Stupid remark. A bitcoin democracy would apply to how the network works. It couldn't take out the coins from your wallet to spread it.

But tell us more how an olligarchy is better than a democracy Roll Eyes

Quote from: Carlton Banks on March 09, 2016, 01:39:25 PM

Libertarianism has nothing to do with democracy, it's expressedly anti-democratic. Property rights and peer-to peer contracts are the basis of libertarianism, so you and everyone else cannot expect to make design decision s for the Bitcoin Project, because it's not yours to decide.

So, you can decide how you spend your Bitcoins, or even which cryptocoin you use, but you won't be making any design decision for the Bitcoin Project, unless your code is accepted as a pull request on github.com/bitcoin. No democracy involved. Sorry about that. Shocked

The problem is that bitcoin is not a sunday picnic club, but a financial entity of 6 billion $, where our money is.

So it's logical if those that have more % ownership of the money, have more rights to decide about it.

If I`d own 5 billion $ in bitcoin, then bitcoin would almost literally be my property, and the miners and bitcoin users would only be my customers in my business.

Ok , there is no need to hide it anymore, so I say it out loud: BITCOIN IS A CORPORATION

Yes you heard it correctly. Its is a non-incorporated corporation, it may not be legally registered anywhere, but it is a corporation because those that hold most money in it, should own that % of it. And the miners and other users are just customers or employees.

So if I own X amount of BTC, that is my share in this business entity called bitcoin.