RPT-Bitcoin has a governance problem, no matter who created it

(Repeats Friday item)

* Bitcoin founder claims provoke fresh bitcoin bickering

* System needs to evolve to handle rise in transactions

* But lead developers squabble, freeze out one of their

* System needs “adults” to make decisions – U.S. professor

By Jemima Kelly

LONDON, May 6 As one would-be father of bitcoin
falls by the wayside, squabbling among the web-based currency’s
lead developers is exposing a fundamental flaw: it must evolve
to meet growing demand, but may lack a governance structure to
achieve this.

The latest bickering erupted after Australian entrepreneur
Craig Wright promised to prove he was the mysterious creator of
bitcoin – which allows users to move money across the world
quickly and anonymously – but then said on Thursday he could not
provide further evidence to back this up.

Wright stopped short of reneging on his claim to be Satoshi
Nakamoto, assumed to be a pseudonym for the person or people who
launched the digital cryptocurrency in 2009. However, he
apologised for damaging the reputations of bitcoin experts who
had believed him.

Many members of the bitcoin community reckon this is all a
distraction and agree with Wright when he said

Read more ... source: TheBitcoinNews