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HomeCrypto EducationA Modest Bitcoin Enchancment Proposal, Proposal

A Modest Bitcoin Enchancment Proposal, Proposal

That is an opinion piece about BIP119 (OP_CTV). If you want to submit a counter argument, please email Bitcoin Journal.

We’ve Received A Drawback

Decentralized consensus isn’t simple. There’s a motive most firms have CEOs, and “non-hierarchical” organizations have a tendency to not operate nicely for lengthy. Bitcoin’s decentralized governance is more durable nonetheless: On prime of decentralization, we layer a relative lack of official processes, requirements and norms for group decision-making — we even lack readability round when to decide in any respect.

Jeremy Rubin’s current proposal of a Speedy Trial consideration for Bitcoin enchancment proposal (BIP)119 (OP_CTV) has introduced these points to the fore, illustrating simply how tough and amorphous the Bitcoin decision-making course of is.

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