btc authority

[Carlsen]

I'm not sure if a bitcoin authority in things concerning governments really is necessary.
But I think for the future developement of bitcoin changes will be necessary at a certain point.
And the decission making process seems to me too slow.
I can imagine that an authority that shows options and gives timelines for developement would be a good thing.

[BitcoinGirl.Club]

So what is this?
Some kind of policing of bitcoin?

[dc1a0]

Technically, Bitcoin would have to be fundamentally changed for any centralized authority to get any actual power over it or its use. The day that happens will be the end of Bitcoin, as anyone who understands Bitcoin for what it really is will drop it like a bad habit because at that point it will be broken and useless. Most likely though, another coin that won't be broken at that time will probably take its place.

[barbara44]

So what is this?
Some kind of policing of bitcoin?

Bitcoin authority is already existing but we cannot see it. Because it is decentralized, people who use it, that is you and me are the authority because we take all actions to protect it from any harm in the sense that if anything happens to it we are the ones to be affected whether good or bad.

[Yakamoto]

So what is this?
Some kind of policing of bitcoin?

Bitcoin authority is already existing but we cannot see it. Because it is decentralized, people who use it, that is you and me are the authority because we take all actions to protect it from any harm in the sense that if anything happens to it we are the ones to be affected whether good or bad.

The authority is essentially the consensus of the blockchain. There isn't really anything, anyone or any organization that has more power than the individual, aside from maybe the devs for the blockchain. This is counteracted, however, by the trust and inspection forced on them by the community.

[BitcoinGirl.Club]

Thanks both posts above this one.
This cleared it up for me now.