The Dispersed Structure of Bitcoin Must be Retained – Bitcoints

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Published on September 13th, 2015 | by bitcoin

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The Dispersed Structure of Bitcoin Must be Retained

The Dispersed Structure of Bitcoin Must be Retained“PayPal started off as a bearer asset cash protocol, so something much more Bitcoin-like on palm pilots,” he said.
“But migrated, presumably for practical reasons, into central web servers,” he said.

Back emphasized:


“We need to hold on to the decentralized nature of Bitcoin and its permissionless properties.
Epicenter co-host Brian Crain asked what Back thought of a decision-making process whereby people choose which software to run.
(Coincidentally, Paul Sztorc, the chief scientist of prediction market Truthcoin, took on this topic in a recent blog post.
)

Benevolent dictator vs. BIP

Another interesting aspect of Bitcoin XT, is the “benevolent dictator” model.

Source: Cointelegraph.com

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