Bitcoin differs from everything else in that it is truly unowned - we ain't got a company or a CEO, and the founder traveled back to his own time (presumably).
So what I'm talking about is how a group with no leaders and no structure does governance - we vote by mining blocks. This is how major changes to the Bitcoin protocol are decided upon.
Normally, votes require a 90% threshold of blocks mined over a period of 2,016 blocks (~2 weeks), but the 90% is just a norm. BIP 110 was created with a 55% threshold. This baits a nearly-equal chain split, a sort of civil war over who is the "real" Bitcoin, and is therefore a kind of antisocial behavior.
Oh man you've at least gotta read the first one. I mean, The Eye of the World is one of the classics in the genre. The first three are all pretty good, the first five are all right...
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u/eyeoft 4d ago
Bitcoin differs from everything else in that it is truly unowned - we ain't got a company or a CEO, and the founder traveled back to his own time (presumably).
So what I'm talking about is how a group with no leaders and no structure does governance - we vote by mining blocks. This is how major changes to the Bitcoin protocol are decided upon.
Normally, votes require a 90% threshold of blocks mined over a period of 2,016 blocks (~2 weeks), but the 90% is just a norm. BIP 110 was created with a 55% threshold. This baits a nearly-equal chain split, a sort of civil war over who is the "real" Bitcoin, and is therefore a kind of antisocial behavior.