Wednesday, August 2, 2017

What if decisions were settled by polls, not forks and currency splits?

As a continuation of my previous post, (A blockchain without forks?) today we have seen what can happen when an open source crypto-network (e.g. Bitcoin/Ethereum) has no governance scheme.
Now we have two Bitcoins, as we have two Ethereums.
How many in a few months?
A polling mechanism for governance is needed.
Voting on issues can be weighed according to the currency owned.
This allows for automatic decisions on system parameters, and unique, unplanned decisions on any subject.
Can this be included in current crypto-networks as another fork? Not easily.
A forkless dream?

It’s real. The concept is already part of the design.