Post
Topic
Board Altcoin Discussion
Re: Who could be trusted to do governance?
by
topesis
on 02/03/2017, 09:32:57 UTC

Essentially they copied Dash which has a sneaky "bug" "pre"mine so that the insiders got a huge portion of the tokens and thus control the money supply and voting

I can tell you there was no bug, this was done intentionally, if this was a bug, they should have relaunch the code and the mining process.



Those doing governance would need to be very technical so they understand the visionary developers. Yet they need to be solidly grounded. And they need to not have a conflicting agenda.


I think the main thing is having people who have the interest of the project at heart above their selfish interest. I think this is what makes Bitcoin a success, I have heard some arguement that Satoshi is better at economic than coding that is why he left the project to others and this type of succession has continued. Another thing is the separation of power between developers and the miners, though their interest need to aligned to move the project forward.

Most people in crypto now are in it for money, it is only Satoshi that is in this because he has the vision, but most people will ask what about the 1 million Bitcoin stash but who has any proof that he has been spending it. Today you see developers investing in another projects hedging their profit