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not all blockchains hold social scalability as their top priority. in fact, no blockchain does this aside from bitcoin
I think Bitcoin is number one only due to an appeal to tradition. It was the first. Most people don't even know the word cryptocurrency but they have heard of Bitcoin. I think there are coins that are better to transact with and have better governance. Dash and Bitcoin Cash.
Both of those are run by small groups which users trust to constantly make correct decisions for them on technology and monetary policy - lot of attack surface. Bitcoin on the other hand is like a clock. We can all coordinate around it without needing to trust the governance team
Dash is governed by masternode holders... People with skin in the game. They vote to find changes the will add value to the token.
If skin in the game matters, wouldn't Wells Fargo be more trustworthy ultimately? Also note 1. Dash is not private 2. Masternodes are a centralizing force 3. A central dev team controls the code and the treasury (10?% cut) 4. Dash was a premined shitcoin :)
Skin in the game matters as far as being able to determine the route in which the coin goes. Centralizing Force isn't necessarily bad as long as said force isn't initiatiory. The many owners of a business or even married couples are centralizing forces. That make them immoral.
Skin in the game is when risk/reward is limited to you. Dash masternodes have the reward but pass the risks of poor design onto you. Collusion is easy and you can see that in 1,000 dash to become a masternode - they're increasing the barriers to participate in governance.
Because good money is an essential primitive to scaling society.
and I hope it stays this way, but we don't need a second bitcoin so it's natural for alts to explore tradeoffs. you said ethereum was potentially heading to huge bureaucracy after dao decision--others attempt to preempt their lack of preparation via wet bureaucratic trade offs
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