Adam Back on the Risks of Benevolent Dictatorship in Bitcoin



The idea of a benevolent dictator for Bitcoin has become a topic of conversation throughout the community lately due to Mike Hearn’s role as the final authority for changes in Bitcoin XT. Although it should be made clear that Hearn is able to dictate only policy for that particular implementation of the Bitcoin protocol, some individuals are turned off by the idea of having a single point of failure in the development process.

Blockstream co-founder and President Adam Back is one such person, and he shared some of his views on the subject during a recent interview with Epicenter Bitcoin.

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Putting the Entire Bitcoin Economy on One Man’s Shoulders

Back described a variety of

Read more ... source: TheBitcoinNews