Bitcoin is Not An Organization

[1bree]

NOT MY WORDS - These are the words from my Professor who just penalized me for writing that Bitcoin is an organization - its an industry; according to him it is NOT an organization but an industry or just a thing!

As a scholar studying for my MBA, I am in a huge fight with my Professor who will not change my grade based off his own inability to understand that Bitcoin is a DAO - a real organization, but not structured as as most because it is decentralized. 

After proving it is a DAO, he still wants me to provide more direct evidence that Bitcoin is an organization taking actions; needless to say, I am confused and could use some expert opinions here.

[FatFork]

I don't think Bitcoin is an organization in the right sense. From Bitcoin FAQ: "No individual or organization can control or manipulate the Bitcoin protocol ..." so yeah, your professor is right, Bitcoin is more of a protocol, network, technology ... or even an industry.

[bL4nkcode]

BTC itself is not an organization, what sources did you use that gives you an idea that its an organization?. I can't call it an industry either, but you can say blockchain or crypto industry as a whole.

[vycl87]

NOT MY WORDS - These are the words from my Professor who just penalized me for writing that Bitcoin is an organization - its an industry; according to him it is NOT an organization but an industry or just a thing!

As a scholar studying for my MBA, I am in a huge fight with my Professor who will not change my grade based off his own inability to understand that Bitcoin is a DAO - a real organization, but not structured as as most because it is decentralized. 

After proving it is a DAO, he still wants me to provide more direct evidence that Bitcoin is an organization taking actions; needless to say, I am confused and could use some expert opinions here.

Why did you think Bitcoin is an enterprise or organization? Bitcoin is a blockchain-linked cryptocurrency implemented by "Satoshi". And any organization has no connection. No organization has the power to control it. A system that anyone can get involved. Which organization gives you a chance in the decision-making process? Let me answer: none of them!

You can read the Bitcoin whitepaper to understand what Bitcoin is.

[RapTarX]

You are messing organization with a currency.

an organized group of people with a particular purpose, such as a business or government department.

A definition of organization from google.

There's no central party to organize people working for bitcoin. There's no company or business operating for havinh profit. I guess you are taking Bitcoin as like some other payment gateway like Paypal, Perfect Money or other.

[joniboini]

If this is for paper or thesis, you would have a difficult time finding the appropriate theories that could define a 'currency' as an organization. It's probably more of a social movement, but not an organization. There are some organizations such as Ethereum Foundation if you broaden your perspective on the overall crypto market, but you can't call Ethereum an organization either.

You should have some definition first before you proceed further, and then collect the data based on the theories. Don't start from the conclusion and then forced to find something that can 'support' it.

[bitcoinvirtualcards]

Bitcoin is not an organization.

[vycl87]

Bitcoin is not an organization.

Thank you for the clarification! We are about to solve it anyway! Can you share your opinion about why you are thinking like this way, please!!!
We are thinking the same there is no organization behind the door. But what drives you to think like that? Thus, we become a little enlightened.
Thank you in advance.

[tippytoes]

You are messing organization with a currency.

an organized group of people with a particular purpose, such as a business or government department.

A definition of organization from google.

There's no central party to organize people working for bitcoin. There's no company or business operating for havinh profit. I guess you are taking Bitcoin as like some other payment gateway like Paypal, Perfect Money or other.

Yes, bitcoin is not by any means an organization. The reason why his prof is not accepting that statement. The writer should have read the basics of bitcoin and he will understand that it is not to be called an organization.

[hatshepsut93]

After proving it is a DAO, he still wants me to provide more direct evidence that Bitcoin is an organization taking actions; needless to say, I am confused and could use some expert opinions here.

Bitcoin's miners are constantly making decisions about which valid transactions to include in the next block. Developers are working on new versions of the software and users make a decision whether to update to new version or not. If the new version is not backwards compatible, it creates a chain split, and users decide which chain they want to use (or they can use both from now on).

So, speaking very broadly, Bitcoin does take actions, but if you only speak about the network, then there's not much actions, it's all just transactions of currency, there's no big decisions to be made like companies or governments have to do.

[btc_angela]

As @nullius has eloquently put it Bitcoin: The Social Phenomenon. So it's not an organization nor an industry.

[passwordnow]

BTC itself is not an organization, what sources did you use that gives you an idea that its an organization?. I can't call it an industry either, but you can say blockchain or crypto industry as a whole.

I agree with this.
We don't know how you ended up with that description about bitcoin OP but your professor is not also right telling it's an industry or just a thing. Maybe you can still get to defend what you have said by saying that it's the currency of the people and that's why you have made that kind of description but it's obvious not an organization.

[DarkDays]

I wouldn't actually say that Bitcoin is a decentralized autonomous organization either.

Changes aren't implemented based on community votes or any kind of specific governance structure, nor node holders play any role in voting in new BIPs.

Not sure how you can compare with a DAO which clearly has a decentralized business-like structure....

[kawetsriyanto]

If this is for paper or thesis, you would have a difficult time finding the appropriate theories that could define a 'currency' as an organization.

You are right. In this case, Professor probably thinks that Bitcoin isn't a kind of currency created by an organization. He assumes it is just a product of an industry (digital asset sector). But why not to try looking for the theory based on Bitcoin WP. Maybe get something useful there.

Don't start from the conclusion and then forced to find something that can 'support' it.

Agree. Imagine when we build a house. It must begin from the foundation first before planning other things. It's never done properly if we forced to start with the roofs firstly.         

[kezinaur14]

Bitcoin is not an organization.

Thank you for the clarification! We are about to solve it anyway! Can you share your opinion about why you are thinking like this way, please!!!
We are thinking the same there is no organization behind the door. But what drives you to think like that? Thus, we become a little enlightened.
Thank you in advance.

In a way the way a small group of people in bitcoin make the decisions of increasing / lowering the difficulty of the network, it could somehow be interpreted as some sort of federation, isn't it? Maybe I don't understand enough. COuld someone clarify this to me?

[seoincorporation]

NOT MY WORDS - These are the words from my Professor who just penalized me for writing that Bitcoin is an organization - its an industry; according to him it is NOT an organization but an industry or just a thing!

As a scholar studying for my MBA, I am in a huge fight with my Professor who will not change my grade based off his own inability to understand that Bitcoin is a DAO - a real organization, but not structured as as most because it is decentralized. 

After proving it is a DAO, he still wants me to provide more direct evidence that Bitcoin is an organization taking actions; needless to say, I am confused and could use some expert opinions here.

The right words are 'Bitcoin is a protocol'... It can't be an Organization because is decentralised. Once I say bitcoin is like the state powers (a legislature, an executive, and a judiciary), it's divided by Developers, Miners, and Users, And to take a decision all of them must agree.

[Twentyonepaylots]

NOT MY WORDS - These are the words from my Professor who just penalized me for writing that Bitcoin is an organization - its an industry; according to him it is NOT an organization but an industry or just a thing!

As a scholar studying for my MBA, I am in a huge fight with my Professor who will not change my grade based off his own inability to understand that Bitcoin is a DAO - a real organization, but not structured as as most because it is decentralized. 

After proving it is a DAO, he still wants me to provide more direct evidence that Bitcoin is an organization taking actions; needless to say, I am confused and could use some expert opinions here.

The right words are 'Bitcoin is a protocol'

Definitely.

It can't be an Organization because is decentralised. Once I say bitcoin is like the state powers (a legislature, an executive, and a judiciary), it's divided by Developers, Miners, and Users, And to take a decision all of them must agree.

But somehow it does make sense to me that Bitcoin is an organization ( don't take literally ) since our common denominator here is the bitcoin in general, just like being in an organization where there is a clear goal of one's individual (Satoshi Nakamoto) to make a difference and so us joined him by supporting his product. It is just like Satoshi the creator is the founder of this and we are all just members, and whales are the admins  I'm open for further opinions.

[NeuroticFish]

Bitcoin is not just the devs and bitcointalk. Bitcoin actually can run very good without the current devs(*) and without bitcointalk.
And then what remains? Miners and pools which compete for resources, various nodes made for various reasons (from being nice to supporting a business) and plenty of users - investors, traders, speculators, people who work for Bitcoin, people with businesses in Bitcoin and so on.
This is by no means something organized.

I think that one of the reasons Satoshi has disappeared is to avoid Bitcoin become an organization under the lead of dev team.


(*) Some may argue about the devs and I will come with an idea. What if multiple dev teams emerge for Bitcoin and their ideas differ? Well, the nodes should ultimately decide which change they go with and the others will have their fork. This is the "power" of consensus.

[serjent05]

NOT MY WORDS - These are the words from my Professor who just penalized me for writing that Bitcoin is an organization - its an industry; according to him it is NOT an organization but an industry or just a thing!

As a scholar studying for my MBA, I am in a huge fight with my Professor who will not change my grade based off his own inability to understand that Bitcoin is a DAO - a real organization, but not structured as as most because it is decentralized.  

After proving it is a DAO, he still wants me to provide more direct evidence that Bitcoin is an organization taking actions; needless to say, I am confused and could use some expert opinions here.

I believe both of you are correct.  It's that, you are looking at Bitcoin in different point of view.  I can describe your argument as describing an elephant blindfolded touching on a different part of it, e.g you touching the body and your professor touching the tusk.  You can both come out with different description but neither of you is wrong.

[Ucy]

Bitcoin is probably like the internet, (though internet is fairly centralized).

Bitcoin is not owned by anyone or better still, it is community owned. I think its principles would prevent it from being run like how communist societies run/ran things.

It's just a very different model...a far better model in my opinion.
You can build decentralized applications/things and the profits still goes to you and co-owner, but the profits should be used in such a way that it does not affect Bitcoin or its principles. Profit sharing with your community is also important, for the good of the "owner" and his/her community