Bitcoin Governance as Competitionhttp://www.cato.org/blog/bitcoin-governance-competitionA few weeks ago, in a post entitled, “The Politics of Non-Political Money,” I talked about the Bitcoin blocksize debate as surfacing “politics” in the Bitcoin ecosystem. Important protocol and software development projects require people of disparate views and plans to come together over common standards and code. My thesis in that post was simply that good behavior is good politics because it builds credibility. Some differ, and many—it should be no surprise—aren’t taking my advice. But the precedents set in the blocksize debate are important for the future of Bitcoin, for other cryptocurrencies, and for similar projects that may offer alternatives to governmental monetary and administrative systems.
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