Decentralization: Who Should Decide On The Blockchain?

The proposal of Community Designed Governance may represent true decentralization of the Blockchain, but the possibility of implementation remains a subject of feasibility with the fundamental structures of both existing and future innovations.

Author
Kena R’ogu

Satoshi’s original intention
After the many troubles of Bitcoin Unlimited, SegWit is looking the most likely approach if the Bitcoin code is to be modified. For the majority of users within the community, all they want is to see is a more efficient transaction process.

Apparently, these majority users remain at the mercy of the decision makers that represent only a minority sector in terms of population. These decision makers, or those who are eligible to vote, are the miners who manage the Bitcoin ecosystem. For some other Blockchains, it is the Masternode owners (MNOs) that comprise the decision-making community.

There have been varying opinions as to Satoshi’s original intention pertaining to the maintenance of the ecosystem through the miner’s proof of work. Segments of the community believe that having only a few giant mining farms introduces a form of centralization in an environment that is supposed to be totally decentralized. Others maintain that absolute decentralization remains an unachievable situation.... Read Full article @
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