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.
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.
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.
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.
