BitShares Forum

Main => General Discussion => Topic started by: Akado on August 23, 2015, 03:56:43 pm

Title: [UPVOTE] r/Bitcoin Frontpage - Delegative Democracy
Post by: Akado on August 23, 2015, 03:56:43 pm: https://www.reddit.com/r/Bitcoin/comments/3i2nba/reaching_consensus_a_short_article_that_aims_to/

So yeah I don't want to spam that with how BitShares already has a similar model but I think it's wroth mentioning a similar system named DPOS already exists. Maybe it could be commented on the article itself, seems a better idea.

Just, please don't spam it with BitShares propaganda unless u want to get downvoted and not listened to.

Upvote please.
Title: Re: [UPVOTE] r/Bitcoin Frontpage - Delegative Democracy
Post by: CLains on August 23, 2015, 07:13:47 pm: I tried to not get involved, but.. seeing fuzzy alone in the battlefield I had to take a 360-quip-shot from the hip.
Title: Re: [UPVOTE] r/Bitcoin Frontpage - Delegative Democracy
Post by: luckybit on August 24, 2015, 03:42:28 am: Quote from: Akado on August 23, 2015, 03:56:43 pm
https://www.reddit.com/r/Bitcoin/comments/3i2nba/reaching_consensus_a_short_article_that_aims_to/

So yeah I don't want to spam that with how BitShares already has a similar model but I think it's wroth mentioning a similar system named DPOS already exists. Maybe it could be commented on the article itself, seems a better idea.

Just, please don't spam it with BitShares propaganda unless u want to get downvoted and not listened to.

Upvote please.

Bitcoin community is in a civil war over whether it is a DAC (decentralized autonomous corporation) or a DAC decentralized anonymous currency. If Bitcoin is to be a DAC then the Bitcoin users ought to have a say as shareholders, but if it's just a piece of software then the process is different.

At the same time the legitimate chain in the long term is whatever chain has the most users, so in the end adoption does matter, but there are different visions. If Bitcoin is a decentralized autonomous currency then it will never be much more than this and it will not receive the commercial and mainstream adoption, but if Bitcoin is a decentralized autonomous corporation, then it can scale up enough to integrate with Wall Street and receive mainstream adoption.

It's a complicated debate but the winning chain will settle it.

http://coinwiki.info/en/Decentralized_autonomous_corporation
http://ieet.org/index.php/IEET/more/swan20150402
Title: Re: [UPVOTE] r/Bitcoin Frontpage - Delegative Democracy
Post by: donkeypong on August 24, 2015, 04:22:14 am: I jumped in, too. In the end, Bitcoin's civil war will make it stronger. But not as strong as us!
Title: Re: [UPVOTE] r/Bitcoin Frontpage - Delegative Democracy
Post by: CLains on August 24, 2015, 12:59:40 pm: Quote from: donkeypong on August 24, 2015, 04:22:14 am
I jumped in, too. In the end, Bitcoin's civil war will make it stronger. But not as strong as us!

+5%