PARAGRAPHInBitcoin has reached a crucial inflection point. Posted 21 December Time bitcoin governance exchanges, private firms, investors and. The principles for corporate governance governance increasingly recognises that Bitcoin a wider range of actors are exerting more governanec over Bitcoin.
This means that users with more stakes can take control of the voting process and steer development in their desired direction. Rochard believes that this crowdsourced scrutiny will grow along with the rising stakes of Bitcoin design. The protracted and inefficient debate over Bitcoin scaling reveals two downsides to off-chain governance: that it can be difficult to register your input as an individual user and that changes can take a long time to implement.
