As the popular digital currency Bitcoin continues to grow, insiders to its development have raised concerns about the deepening centralization of power in the governance of the project and the interests of those who fund it.
"Many people may not know that despite the technological decentralization Bitcoin has brought the world, there are serious and growing issues of centralization that rule decisions made about the present and future of the project. The Bitcoin software is controlled by a small group of people who decide exclusively what can and cannot be changed. This is in part due to a lack of mechanisms and pathways for funding development work directly from the community, and as a result Bitcoin development is funded by external entities that create conflicts of interest between the developers and the representative power of the community that uses Bitcoin. We want to change that", said Jacob Yocom-Piatt, CEO at Company 0, who has funded development of Bitcoin since early 2013.
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