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A Modest Bitcoin Improvement Proposal, Proposal

This is an opinion piece about BIP119 (OP_CTV). If you desire to to submit a counter argument, please email Bitcoin Magazine.

We’ve Got A Problem

Decentralized consensus isn’t straightforward. There’s a motive most firms have CEOs, and “non-hierarchical” organizations have a tendency not to perform nicely for lengthy. Bitcoin’s decentralized governance is tougher nonetheless: On high of decentralization, we layer a relative lack of official processes, requirements and norms for group decision-making — we even lack readability round when to decide in any respect.

Jeremy Rubin’s latest proposal of a Speedy Trial consideration for Bitcoin enchancment proposal (BIP)119 (OP_CTV) has introduced these points to the fore, illustrating simply how tough and amorphous the Bitcoin decision-making course of is.


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