Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations

Read more on this subject: Bitcoin
News Story Source: https://news.bitcoin.com, by Jamie Redman
With all the arguments about scaling, privacy, consensus changes and the various forks, it is amazing that these public networks are still thriving. Nevertheless, the people who maintain the various software protocols that communicate with Bitcoin and the network's many participants have lives that are finite — which means we don't know if future generations will change the social contract Satoshi Nakamoto created years ago.

The technology we all know and love called Bitcoin has changed the lives of many individuals over the last 10 years. However, during the latter half of that decade, the humans who have maintained the protocol have relentlessly argued over how it should operate. This has led to a large community divide, endless fighting, and many different forks. The protocol itself, however, has been able to continuously perpetuate the social contract we call "Bitcoin" during this period. However, the arguments have led to wavering opinions and whims
Read More or Make a Comment

Bookmark the permalink.

Comments are closed.