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RE: Is Bitcoin Governance Truly Decentralised? Should It Be?

in #bitcoin8 years ago

Definitely agree that Segwit is long-overdue for BTC, as I understand it this would be the first attempt for enhancement. Having enteredthe crypto-world a couple of months ago, I was surprised to see an old youtube video demonstrating how quick btc transaction were! Now, it can take some time (and patience) for transaction completion at highwr costs too. It would appear that this is part of the appeal of altcoins, at least in terms of faster transactions.

Were you able to review Boscoin @thecryptofiend? I think Boscoin has a good platform when it comes to governance, as the invested community has a say too.

I wonder what happens to miners once the BTC cap is reached? Will they still be in business for the btc transactions? If so I imagine the tx fees to increase parallel to btc price growth.

Disclaimer: Im a VERY enthusiactic crypto newbie, I'd appreciate a point back to the right direction if it appears what I say don't make sense.

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Yes it used to be faster back in the day - still not as fast as other blockchains though. Never heard of Boscoin.