You are viewing a single comment's thread from:

RE: Is Bitconnect a scam?

in #bitcoin7 years ago

I think without a truly decentralized governance system we will be not be safe against powerful entity able to manipulate coins.
BTC fork and Hard Fork are clearly the consequence of the human factor and lack of decentralized governance coded into BTC.
This could destroy Bitcoin as we know it and be replaced by another coin with a more decentralized ecosystem simply because conflict are "coded" in human nature and BTC code will evolve slower than other coins, too big to fall so less risk taken and too many people to convince each tim we want to integrate a changement.
Dash for example has a decentralized voting system by masternode, it is not perfect because of Dash initial coin distribution and the fact that whales own the most of voting power, but it is better than nothing.
I know Decred (DCR) is working on DX governance aswell.
I think it will become a hot subject soon, these coins might outperform the other in such context.

Sort:  

Decentralised can only work when power is distributed more or less even over many many individuals, that I realise. What I also realise that likely no coin has this, since it are humans who launch the coins and most of the people who do that, want something more for themselves then others. DCR, I own a little bit of for trading, but it is something I like to look further into for investment.

Coin Marketplace

STEEM 0.27
TRX 0.24
JST 0.041
BTC 95349.04
ETH 3308.90
SBD 6.98