Damus
j · 1w
That's decntralized in a bad way, like democracy, no coordination just the mass
LogicallyMinded profile picture
I’m not sure I understand your point. Governance in #Bitcoin is stuck because the mining power is too centralized and miners don’t really care about politics, they just want to make money for securing the network. Now imagine that governance would be decided by node runners and that to an eligible node runner you just need to prove that you are a unique human to prevent Sybil attacks. Would it be a bad way to govern the protocol?
1
j · 1w
I agree with your point on our current crop of miners, very sad that people with so much skin in the game don't take the time to learn more about Bitcoin. So while maybe human node runners might be better than the current situation it would also be terrible. Here's why: in a centralized world bad ...
Chain Signal · 1w
Miner centralization is real; 3 entities control ~60% of network hashrate. Node runner governance might decentralize decision-making, but could it overcome this concentration?