Peter Todd announced he has sold 50% of his Bitcoins due to the GHashIO situation, citing political biases in the system controlled by (i assume) Bitcoin core dev team and others refusing to address it.
http://www.reddit.com/r/Bitcoin/comments/281ftd/why_i_just_sold_50_of_my_bitcoins_ghashio/
My suggestion was this:
This is a decentralized system. But sometimes the question will arise: Who manages the project in a decentralized system? I suppose the community should be the most powerful influence in a decentralized system, yet there seems to be zero method by which the community can vote / influence the course of the code. Obviously we don't want votes on every tiny issue, but on major issues like this, yes.
Why doesn't someone institute a worldwide consensus voting system? Bitcoin is perfect for such a thing, and being the first fraud-proof voting system on earth, this would be ideal. In the end, powerful people and organizations are going to try to influence the bitcoin core code. There should be a system put in place that doesn't allow any major changes without worldwide consent. In this case, miners may be opposed to the proposal. That wont matter because they will only have so many votes.
I am new here so be gentle. This is just my idea from a newbie outsider perspective. Its strange to see everyone just sitting around throwing their hands up doing nothing. Very weird.
If change is needed. Someone do something to make it happen.
Even if you don't think its that big of a threat, im pretty sure even you would agree it wouldn't hurt to institute limitations anyways.
-B-
http://www.reddit.com/r/Bitcoin/comments/281ftd/why_i_just_sold_50_of_my_bitcoins_ghashio/
My suggestion was this:
This is a decentralized system. But sometimes the question will arise: Who manages the project in a decentralized system? I suppose the community should be the most powerful influence in a decentralized system, yet there seems to be zero method by which the community can vote / influence the course of the code. Obviously we don't want votes on every tiny issue, but on major issues like this, yes.
Why doesn't someone institute a worldwide consensus voting system? Bitcoin is perfect for such a thing, and being the first fraud-proof voting system on earth, this would be ideal. In the end, powerful people and organizations are going to try to influence the bitcoin core code. There should be a system put in place that doesn't allow any major changes without worldwide consent. In this case, miners may be opposed to the proposal. That wont matter because they will only have so many votes.
I am new here so be gentle. This is just my idea from a newbie outsider perspective. Its strange to see everyone just sitting around throwing their hands up doing nothing. Very weird.
If change is needed. Someone do something to make it happen.
Even if you don't think its that big of a threat, im pretty sure even you would agree it wouldn't hurt to institute limitations anyways.
-B-
Bitshares is creating DPOS (delegated POS). The delegates are voted on and they do the equivalent of miners. I believe they use system metrics to change votes by default. IE a Delegate/miner is misbehaving or not performing to expecttations, then the vote is automatically changed. However, there will be a way to override it.
As far as ignoring Peter Todd as some guy on the internet. LOL. Peter Todd is probably one of the better BTC core devs. You people need to wake up. Stuff like this will keep BTC from ever growing past the current market cap.
? 