Published on September 13th, 2015 | by bitcoin0
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.
“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.