Silk Road bitcoin Carl Force With news that Dr Craig Wright has re-affirmed that he is Satoshi Nakamoto, the question of Bitcoin governance is riding even higher than usual at this year’s industry standard crypto conference, Consensus 2016.
At the opening of the conference, Garrick Hileman of the Cambridge Centre for Alternative Finance, made the point that Bitcoin could take some governance lessons from Ethereum.
"Ethereum doesn’t have gridlock," he said. "Does this relate to the importance of a founder for governance? And we have heard Dr Craig Wright say it’s time to scale Bitcoin dramtically."
With these questions ruminating around the minds of delegates, a panel session titled "Reaching Consensus on Open Blockchains" reached standing room capacity. Pre-empting any questions on the subject, Bitcoin Foundation’s Gavin Andresen began by stating that beyond any reasonable doubt in his mind, Craig Wright was Satoshi, citing a message signed with a private key used to sign block #1 newly generated coins.
The panel, which was deftly moderated by Pindar Wong of VeriFi, also included Vitalik Buterin, inventor of Ethereum; Naha Narula, Digital Currency Initiative, MIT; and Eric Lombrozo, Bitcoin Core.
Kicking off he panel Wong acknowleded the power of an open process, but made the point that "nuance doesn’t scale".
"It’s very hard to articulate why these open protocols are constructed the way they are, why scaling them is in fact technically quite a nuanced discussion," he said.
Buterin said blockchains in general are this very unique kind of environment, in that they are not like any kind of traditional corporation, country, software system because there is no one group that very clearly control them.He said: "Particularly, it becomes interesting because the group that can review the mechanism that actually controls it is to a very large degree unspecificed. So there is no sort of consensus that this […]
