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Summary of Today's BCH Governance Discussion

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Avatar for emergent_reasons
Written by   370
2 years ago

Referring to this meeting (tweet), "Does #BitcoinCash Need Governance?" This summary is strongly influenced by my own views but I think it is not far from a summary of the discussion. Sorry if I missed important details.

The market decides.

The market makes the final decision but that's far too late and reactionary for difficult issues. Any difficult issues will have caused a damaging loss of network effect by the time the market is forced to make a hard choice.

Futures markets are a powerful signal and can help. However in the absence of clearer consensus, they may end up being Keynesian Beauty Contests where the market convenes on the winner rather than convening on the best future outcome. In other words, they are not enough alone.

Miners decide. Stakeholders provide clarity.

Miners have a unique position in BCH to enforce rules and incentives with Proof of Work (POW). When there are difficult issues, stakeholders must make sure that miners have clear and convergent information from the whole ecosystem including other miners (e.g. through BMP). Then miners can be well informed for their POW decisions and the BCH network can continuously build network effect in a predictable environment instead of shedding it with regular conflict.

How to provide clarity?

What we need then are mechanisms to help the ecosystem converge on issues long before they become emergencies at the center of a split. Workable options are BMP, polling through liquid democracy, coin staking, and certainly more. It sounds like a number of people at the meeting have such mechanisms ready to publish. Some of my colleagues and I also have one.

No coercive decision makers.

Importantly, these mechanisms cannot be coercive. Coercive decisions from dictators, foundations or voting institutions will eventually interfere with POW and
risk damaging the properties that make BCH unique and valuable, especially permissionless participation and censorship resistance.

Looking forward to these historical moves in the near future.

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Written by   370
2 years ago
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Comments

Perfect one 👍

$ 0.00
11 months ago

Thank you for sharing your thoughts in your article. It means so much to me. Write more 😇🤗

$ 0.00
11 months ago

what a wonderful impression article....well understood and organized. I learnt something from this....keep it up

$ 0.00
1 year ago

Excellent post, I learned things I did not know. The truth is that this world of cyptos there is so much to learn. Greetings!

$ 0.00
1 year ago

"No coercive decision makers.
=======================
Importantly, these mechanisms cannot be coercive.
Coercive decisions from dictators, foundations or voting institutions
will eventually interfere with POW and
risk damaging the properties that make BCH unique and valuable,
especially permissionless participation and censorship resistance.
"


Frame that, and hang it on the wall where everyone can reread it, often.

$ 0.07
2 years ago

@emergent_reasons I agree with you. Nothing happens by force. Fair elections are still needed, Where everyone will give their opinion. I looked to that distant historical future.

$ 0.12
2 years ago

wow l looked to thanan distant historical

$ 0.00
2 years ago

The smarter and harder we work to realize a good reality, the closer that future can be. I also look forward to it. I recommend reversing the "election" mindset. Instead of electing people to make decisions for us, we can elect people that we listen to. This difference is enormous.

$ 0.00
2 years ago

I wish more people would write something like this, the market always has the final say✊especially in crypto currencies,✊

$ 0.00
1 year ago

Agree with you and look forward to the education of the decision-making elites on Bitcoin Cash in the different continent especially in Africa to enhance the awareness...

$ 0.00
1 year ago

It's really important for users to be represented. It's also difficult. I hope you will speak up if there are issues that are important to you.

$ 0.00
1 year ago

Is Bitcoin cash a good investment 2021?

With less than three years in the cryptocurrency market, Bitcoin Cash (BCH) has continuously proved its great investment potential for traders and investors alike. Bitcoin Cash is predicted to keep skyrocketing over the next couple of years.

$ 0.00
1 year ago

Sumarrry of BCH is inspire me

$ 0.00
1 year ago

woooww your work is really osssmm

$ 0.00
2 years ago

Thanks for this, I missed the meeting. This is just what I was hoping for.

$ 0.10
2 years ago

Great information about thisDear Dear you have impress

$ 0.00
2 years ago

The invisible hand will ultimately choose. When trying to force the market in a given direction and the market isn't ready or face a crossroad, it will take the easiest (low resistance) path in the short term, but in the long term only the most appropriate will survive (could be a long time, but not always).

$ 0.00
2 years ago

Hello Dear you have lot of information that has made us to informated , Your article is so good and the and full of guide for us . I am new here ! I need help from you to encourage me by upvoting and guiding. I hope full for your kindness of upvoting, best of luck

$ 0.00
2 years ago

এই বৈঠকে (টুইট) উল্লেখ করে, "# বিটকয়েনক্যাশকে কি প্রশাসনের প্রয়োজন?" এই সংক্ষিপ্তসারটি আমার নিজের মতামত দ্বারা দৃ strongly়ভাবে প্রভাবিত হয়েছে তবে আমি মনে করি এটি আলোচনার সংক্ষিপ্তসার থেকে খুব বেশি দূরে নয়। আমি গুরুত্বপূর্ণ বিবরণ মিস যদি দুঃখিত।

বাজার সিদ্ধান্ত নেয়।

বাজার চূড়ান্ত সিদ্ধান্ত নেয় তবে এটি জটিল সমস্যার জন্য অনেক দেরি এবং প্রতিক্রিয়াশীল। যে কোনও কঠিন সমস্যাগুলি বাজারকে কঠোর পছন্দ করতে বাধ্য হওয়ার পরে নেটওয়ার্কের প্রভাবের ক্ষতিকারক ক্ষতি ঘটাবে।

ফিউচার মার্কেটগুলি একটি শক্তিশালী সংকেত এবং সহায়তা করতে পারে। তবে সুস্পষ্ট sensকমত্যের অভাবে তারা কেইনিশিয়ান বিউটি প্রতিযোগিতায় পরিণত হতে পারে যেখানে বাজার ভবিষ্যতের সেরা ফলাফলের পরিবর্তে বিজয়ীর কাছে মিলিত হয়। অন্য কথায়, তারা একা যথেষ্ট নয়।

খনিবিদরা সিদ্ধান্ত নেয়। অংশীদারগণ স্পষ্টতা প্রদান করে।

প্রুফ অফ ওয়ার্কের (পিওডাব্লু) বিধি এবং প্রণোদনা প্রয়োগের জন্য খনির বিসিএইচে একটি অনন্য অবস্থান রয়েছে। যখন কোনও জটিল সমস্যা রয়েছে, তখন স্টেকহোল্ডারদের অবশ্যই নিশ্চিত করতে হবে যে খনিবিদরা অন্যান্য খনির (যেমন বিএমপির মাধ্যমে) সহ পুরো বাস্তুসংস্থান থেকে সুস্পষ্ট এবং অভিজাত তথ্য রয়েছে। তারপরে খনি শ্রমিকরা তাদের POW সিদ্ধান্তের জন্য ভালভাবে অবহিত হতে পারে এবং বিসিএইচ নেটওয়ার্ক নিয়মিত বিরোধের সাথে এড়িয়ে যাওয়ার পরিবর্তে অনুমানযোগ্য পরিবেশে নেটওয়ার্ক ক্রমাগত কার্যকর করতে পারে।

কিভাবে স্পষ্টতা প্রদান?

আমাদের তখন যা দরকার তা হ'ল পরিবেশ বিভাজনের কেন্দ্রে জরুরি অবস্থা হওয়ার অনেক আগে ইকোসিস্টেমকে ইস্যুগুলিতে রূপান্তরিত করতে সহায়তা করা। কার্যক্ষম বিকল্পগুলি হ'ল বিএমপি, তরল গণতন্ত্রের মাধ্যমে ভোটদান, মুদ্রা স্টেকিং এবং আরও অনেক কিছু। দেখে মনে হচ্ছে বৈঠকে বেশিরভাগ লোক প্রকাশের জন্য এই জাতীয় ব্যবস্থা প্রস্তুত রয়েছে। আমার কয়েকজন সহকর্মী ও আমারও একজন আছেন।

কোনও জোর করে সিদ্ধান্ত গ্রহণকারী নেই।

গুরুত্বপূর্ণভাবে, এই প্রক্রিয়াগুলি জবরদস্তি করা যায় না। স্বৈরশাসক, ভিত্তি বা ভোটদান সংস্থাগুলির কাছ থেকে নেওয়া দৃ decisions় সিদ্ধান্তগুলি শেষ পর্যন্ত POW এবং এর সাথে হস্তক্ষেপ করবে বিসিএইচকে অনন্য এবং মূল্যবান করে এমন বৈশিষ্ট্যগুলিকে ক্ষতিকারক ঝুঁকি, বিশেষত অনুমতি ব্যতীত অংশগ্রহণ এবং সেন্সরশিপ প্রতিরোধের। Sir please article translated to Bengali

$ 0.00
2 years ago

❤️👌

$ 0.00
2 years ago

Whn this will happen again. When it will happen next, can we hope to have this kind of update again? Thx for today

$ 0.00
2 years ago

Thanks for information. Dear I subscribed you. Now you subscribed me

$ 0.00
2 years ago

Wow! I really like this article because it tackles one of the most trend issue here and it also gave us more knowledgeable and legit information, I also agree that bitcoins also need governance and Fair election.

$ 0.00
2 years ago

This is very interesting article and thanks for sharing this information

$ 0.00
2 years ago

Sir please can I translate your article to Bangali?

$ 0.00
2 years ago

its very informative thnX and keep it up sir carry on waiting for next

$ 0.00
2 years ago

The smarter and harder we work to realize a good reality, the closer that future can be. I also look forward to it. I recommend reversing the "election" mindset. Instead of electing people to make decisions for us, we can elect people that we listen to. This difference is enormous.

$ 0.00
2 years ago

A perfect article about BCH and a good write up from a good writer, it is true that the market has the final say when it comes to the crypto currency and many world wide assets too

$ 0.00
2 years ago

Yup..make a fair decision and discussion about BCH future,,. Neither success or failed BCH value in the future will greatly affect the future of crypto world and many of us

$ 0.00
2 years ago

Agreed. Very informative and inspiring article indeed. Yes. Like others, am always looking forward to see those Historical moves in the near future.

$ 0.00
2 years ago

This is nice and truly it will make the coin become very strong.

$ 0.00
2 years ago

Fair elections is needed.

$ 0.00
2 years ago

I am very excited. Very nice story. 😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊

$ 0.00
2 years ago

Important

$ 0.00
2 years ago

Yes! This very important things to remember as we all are going to embrace the crypto world, we should know enough that market movements because from time to time it keeps changing.

$ 0.00
2 years ago

Link to YouTube says "video unavailable". Can someone link the video?

$ 0.00
2 years ago

Thanks. I'll add a link in the article also. https://www.youtube.com/watch?v=lQTmDjlYviE&t

$ 0.00
2 years ago

important

$ 0.00
2 years ago

Thank you for this article. You have shared us a very important knowledge. Fair Election is more needed right now in this era more than the past. Where as, everyone has a equal right and has a right to give to thought and opinion about the others.

$ 0.00
2 years ago

Agree to that

$ 0.00
2 years ago

Indeed. This article is so informative thanks for this one

$ 0.00
2 years ago

Thanks a bunch for sharing this article with us, it's teachable

$ 0.00
2 years ago

This is very good article and so informative. .. fair elections are the basic need of humans where they can give thier opinions... i recomend reversing the" election " mind set. This is really affective .

$ 0.00
2 years ago

Wow....beautiful and I will have to go on the right.

$ 0.00
2 years ago

Beautiful

$ 0.00
2 years ago

You have shared a very important topic with us. Through your article. If you didn't publish these things in the article, maybe we wouldn't know anything about it. Thank you for sharing such important things with us. If you like my comment, subscribe to me.

$ 0.00
2 years ago

nice post

$ 0.00
2 years ago

Nc

$ 0.00
2 years ago

Very imformative article.Everyone has a opinion,for me i strongly agree with you.Because fairness is everything

$ 0.00
2 years ago

Thanks for this, this is agreat article though.

$ 0.00
2 years ago

Thank you.....this is important article....please subscribe me

$ 0.00
2 years ago

Good post

$ 0.00
2 years ago

This is out of topic and i hope that this comment dont mark as a spam, but you've earn 100$ in just half a day.

$ 0.00
2 years ago

This is a good summary of the discussion of bitcoin management and governance. Thank you for the short and comprehensive detail of the discussion. Now I can easily understand the thoughts and idea given in this discussion.

$ 0.00
2 years ago

plz i am new subcrive my id plz bro

$ 0.00
2 years ago

Good

$ 0.00
2 years ago

sir can I translate in bangla.so I could understand this artical meaning.

$ 0.00
2 years ago

This is an emerging currency so it is needed that it should be proprly handeld and rule and regulation are also

$ 0.00
2 years ago

Sir can I translatevyour article in Bangla.? And then read.

$ 0.00
2 years ago

Nice

$ 0.00
2 years ago

Subscribe back

$ 0.00
2 years ago

thank for the information

$ 0.00
2 years ago

Thanks for telling me about this article and I have already missed the meeting. This is what I expected. But now I'm going to be more active and I can get what I expected and hope to be part of it.

$ 0.00
2 years ago

this is very good post

$ 0.00
2 years ago

I agree with you man, keep writing dude. It is a good post with many information and tips,

$ 0.00
2 years ago

thanks.

$ 0.00
2 years ago

Please subscribe me and comment please

$ 0.00
2 years ago

Any one choice this?

$ 0.00
2 years ago

Your point is reasonable

$ 0.00
2 years ago

Wow

$ 0.00
2 years ago

Hmm,written perfectly about that

$ 0.00
2 years ago

Nice

$ 0.00
2 years ago

Really bad decision

$ 0.00
2 years ago

Appreciated

$ 0.00
2 years ago

Thanks for this article and you let us know about it and I already missed the meeting. This is just what I was hoping for.but i will now be more active and hope i could get what i wanted for and be a participant of it 🙈👻

$ 0.00
2 years ago

Thanks for the update although I found out seven hours later. This meeting was needed. And this is Effective for all of us.

$ 0.00
2 years ago

Sir can I translate it in bangla.

$ 0.00
2 years ago