Bitcoin’s governance model? Bickering and inaction with misaligned incentives

[tungfa]

Bitcoin’s governance model? Bickering and inaction with misaligned incentives

http://www.banklesstimes.com/2016/1...ring-and-inaction-with-misaligned-incentives/

 

[demo]

It is urgent for Dash to invest in research in both the governance and the anonymity fields.

Especially in the governance field, it is not enough to copy and paste the ideas and the code of your rivals to become competitive. Even if you manage to copy and paste their ideas and their code, it is impossible to copy and paste the community created because of the good governance.

So to be the best in the governance field, this is the most crucial for survival.

Hard to replace the foundation once the house is built
Bitcoin might be able to replicate the governance successes of projects like Dash, except that Bitcoin’s current governance fails to provide a clear path for such a change. Implementing a governance and funding model similar to Dash’s would require miners – which currently receive 100% of the network fees and network rewards and control all software decisions – to receive less revenue and cede all of their decision-making power.

I think we are saying the same thing. Hard to replace the foundation while the house is built. Hard to replace the community built. Thats why a flexible foundation that will create a flexible community is needed (like Tezos or smth similar)

What happens to bitcoin today it will happen to Dash the day people will understand that Timocracy is a failure, and that (direct) democracy is the winning model. This is what Ryan Taylor forgot to mention in his otherwise well-written article.