Bitcoin's Cypherpunk Roots Ensure That It's Greatest Strength Lie In Being Apolitical.
What's so great about civil war anyway?
As the battle rages on over the Bitcoin block size, it's starting to feel like a civil war. Forks, online trolls and 51% attacks have all been weapons on the table recently, and it's all starting to echo a crazy season in party politics.
After the financial crash of 2008, a new form of street politics has slowly been starting to rise to stand up to the political classes. Everyone is sick of the cycle of austerity, and Bitcoin was thought of as a powerful antidote to this - a departure from party politics if you like. Politics has been replaced by hash power and private keys.
Bitcoin itself being decentralized and apolitical is unseizable and censorship free. The apolitical feature was never a bug, but a release of control from the central banks.
But, we must come to a ceasefire over the political wrangles over Bitcoin's hard fork and engage in collaborative work to improve this platform for the future - look at how well the Steemit witnesses reached consensus during hard fork 18 (HF-18). Bitcoin must also stay cool under fire. It could learn a lot from Steemit.
This post has been ranked within the top 50 most undervalued posts in the first half of May 13. We estimate that this post is undervalued by $10.16 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 13 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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