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Governance, Part 2: Plutocracy Is Still Bad

Coin holder voting, both for governance of technical features, and for more extensive use cases like deciding who runs validator nodes and who receives money from development bounty funds, is unfortunately continuing to be popular, and so it seems worthwhile for me to write another post explaining why I (and Vlad Zamfir and others) do not consider it wise for Ethereum (or really, any base-layer blockchain) to start adopting these kinds of mechanisms in a tightly coupled form in any significant way. дальше »

2018-7-21 23:03


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place. дальше »

2018-7-21 23:03


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CEO of Xapo Predicted Bitcoin (BTC) Trajectory Years Ago

Bitcoin (BTC)–Wences Casares, Argentinian tech entrepreneur and founder of Xapo, has been a proponent of Bitcoin since nearly the inception of the currency. While he has made bold claims that the innovation of Bitcoin and cryptocurrencies will be bigger than the internet in terms of global impact, his draw to digital currencies has been shaped […] The post CEO of Xapo Predicted Bitcoin (BTC) Trajectory Years Ago appeared first on Ethereum World News. дальше »

2018-7-20 16:15


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‘We’re In It For The Long Haul’ — CheapAir CEO on Dropping Coinbase [Interview]

Bitcoinist caught up with CheapAir CEO Jeff Klee to find out why exactly his company just switched from Coinbase to BTCPay Server. CheapAir. com has decided to double down in its support of Bitcoin at a time when many retailers, including Expedia, have made the difficult decision to drop Bitcoin payments due to problems with merchant processors like Coinbase and BitPay. дальше »

2018-7-18 19:00


Charlie Lee’s ‘Own a Bitcoin Before Buying Altcoins’ Comment Sparks Crypto Tribalism

In a recent Tweet the founder of Litecoin made a statement about cryptocurrency acquisitions, quickly triggering discussion within the cryptocurrency community. Buy Bitcoin Before Altcoins? The cryptocurrency market is surprisingly tribal, with users often getting attached to their favorite cryptocurrency as if it was their hometown sports team. дальше »

2018-7-18 12:30