Bitcoin has a governance problem, no matter who created it As one would-be father of bitcoin falls by the wayside, squabbling among the web-based currency's lead developers is exposing a fundamental flaw: it must evolve to meet growing demand, but may lack a governance structure to achieve this. The latest bickering erupted after Australian entrepreneur Craig Wright promised to prove he was the mysterious creator of bitcoin - which allows users to move money across the world quickly and anonymously - but then said on Thursday he could not provide further evidence to back this up. Wright stopped short of reneging on his claim to be Satoshi Nakamoto, assumed to be a pseudonym for the person or people who launched the digital cryptocurrency in 2009. However, he apologised for damaging the reputations of bitcoin experts who had believed him.
Read more at: http://www.moneycontrol.com/news/world-news/bitcoin-hasgovernance-problem-no-matter-who-created-it_6571681.html?utm_source=ref_article
Topic: [2016-05-07] Bitcoin has a governance problem, no matter who created it (Read 264 times)
May 07, 2016, 03:32:24 AM
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