Very few decentralized projects are truly distributed and diverse right from the start.https://twitter.com/NickSzabo4/status/1020019517953462272 …
Neither was Bitcoin, but a series of fortunate governance events (disappearance of Satoshi, slide into irrelevance of Bitcoin Foundation, failure of various fork movements by hierarchical org leaders) made it much more resilient vs. centralization. Anti-hierarchy immune system.
![jimmyhomma⚡️[LN adoption]](https://pbs.twimg.com/profile_images/740824062260334592/Y-rAxOFn_normal.jpg)
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Indeed, I agree with you!
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Hard to tell whether those events strengthened it, or its inherent game theoretic construction inevitably led to those events. Satoshi vanishing may have been the last piece of game theory required for immunity...
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It's mostly good protocol design, partly luck, partly as Adam pointed out hard work (of people reifying good core principles to fight the hiearchs), and only very partly game theory, which is helpful but can't reliably predict outcomes in such complex social situations.
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Fortunate outcome but hard earned. People fought very hard, rallied community, education, started conferences, activist traders put holdings on the line to hold the decentralised value proposition line, in the face of what seemed like in the heat significant coordinated hierarchy
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I still remember that time when @AmirPolyteknik was fighting against the Bitcoin Foundation.
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Yeah, he was fast in distrusting the organization. It took longer for others like me (fortunately I never donated anything, wasn't concerned but also wasn't particularly excited about it)
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I wonder who you mean by "Bitcoin's elite" and how you think this "authority" is exercised. In the end free software is by definition software that respects the user's freedom and every single user can chose the consensus rules he wants.
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Ok, so they freely choose to delegate some of their decissions to other people.
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The day Bip148 went on without Maxwell.https://twitter.com/MrHodl/status/882921843161804803?s=19 …
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Not just Greg. *Most* of the core devs were against BIP148. It was wonderful to see the user community route around them, the so called "community" leaders pushing S2X, and the miners holding segwit hostage.
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You never disappeared.
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But...but....but... Roger Ver was supposed be president of Bitcoin
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The perfect storm
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To use
@nntaleb’s language: It became antifragile.Thanks. Twitter will use this to make your timeline better. UndoUndo
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I think I know where Satoshi can be found!
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But mining centralization still needs to be solved. It's an oversight of Satoshi.
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