WITHOUT DEMOCRACY, BITCOIN WILL FAIL
Despite its apolitical nature, Bitcoin needs our democracy to thrive just as much as our democracy needs Bitcoin to improve.
This is an opinion editorial by Frank Kashner, founder of UnChainDemocracy.org.
“Politics” are often defined as “the activities associated with the governance of a country or other area, especially the debate or conflict among individuals or parties having or hoping to achieve power.”
Do we wish for Bitcoin to achieve power? Yes, though power for Bitcoin is different from power for one person or an economic or political entity. But we are still talking about power, as expressed through the design and implementation of code, proof of (electrical power) work, the internet, exchanges, editorials, blogs, laws, courts, schools and politicians. The Blocksize War, which I lived through, was ultimately a political-power conflict, won by those in favor of node decentralization. This article and this magazine are themselves political actors in the contest for future monetary and political power.
