Bitcoin Cash CRYPTO DEV DIGEST: BCH Difficulty Adjustment Algo Broken, Zcash Devs Funded, CoinJoin Scare

CRYPTO DEV DIGEST: BCH Difficulty Adjustment Algo Broken, Zcash Devs Funded, CoinJoin Scare
Could it be We Just Need a Way to Veto Amaury? An Idea for Community Governance, Which May Solve Current IFP Too: Introducing The Governance Council
Bitcoin Cash included as a Clan in a fighting Crypto Game �� We can fight against other cryptos
Anonymous Bitcoin Cash miner steals 9,000 BCH from unwary users

CRYPTO DEV DIGEST: BCH Difficulty Adjustment Algo Broken, Zcash Devs Funded, CoinJoin Scare

Posted: 28 Feb 2020 01:14 PM PST

submitted by /u/afriendofsatoshi
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Could it be We Just Need a Way to Veto Amaury? An Idea for Community Governance, Which May Solve Current IFP Too: Introducing The Governance Council

Posted: 28 Feb 2020 09:51 AM PST

So I was inspired by a recent comment by u/jtoomim running this way:

"Everyone is wrong some of the time. We need a system in which one person being wrong about something doesn't doom us all. [...] In the USA, if the President vetos a bill, it can still be made into law of the Senate and House vote to override the veto with a two-thirds majority. Something like that could be helpful to BCH, too."

I think this is 100% spot on.

We face many challenges with Bitcoin Cash. The good news is we have some caring, amazing talent in this community, giving us the ability to overcome most if not any obstacle. However, our firepower isn't focused. We're far less capable/effective than we might be because of it. The problem is governance. If we can improve governance I think we can improve our chances at success at least ten times.

So I came up with an idea: The Governance Council

The idea behind the GC is giving us a powerful representative body for making community decisions. As the BCH community emerged from the split I think we were too busy putting out fires (cough CSW) to get something like this done. Now, however, I think it's more doable, maybe imperative. Think about how much admiration and respectful consideration we have for people like Roger Ver, Jonald Fyookball, Mark Lundeberg, Jonathan Toomim etc. Now imagine these people have zero official power to stand up against any decision Amaury makes. To be sure, they have political sway. They can publish blog or reddit posts to give people a sense where they stand, and that's something. However, it's not enough. For example, as it stands, because we recognize Amaury as technical decision maker, even if the overall sentiment of the community, including everyone I named, is against the BIP 9 IFP activation by hashpower, it doesn't matter because Amaury has sole recognized tech authority. Miners like Jiang reading/following along, as they said they would do, can only estimate at best what the community wants, and even then may unilaterally decide to go the other way for whatever reason. Worse, as has been mentioned, our fate may be determined by hashpower not even community friendly!

So, again, I think a GC can help. Imagine people as named were elected through a process (which I'll detail a little later what I have in mind), to form a council where their published votes formed a recognized resolution. Now, instead of selling coins, sitting depressed by the screen, debating the efficacy of yet another read.cash article to attempt to influence things as disjointed individuals, the chatter is 'how do you think so and so will vote?' 'when will the council vote?' 'have we had the vote yet?'. Everyone channels their focus to the Council making it far more clear to see, as a community, where we stand, because our individual positions are reflected cumulatively through empowered representatives.

This thing can have teeth too. For example, I foresee 9 seats total, elected annually. There can be a matching multisig address attached. So for a given resolution donated funding can be made available. This means the Council can erect things on its own, such as mining pools and or dev teams etc as needed to, if necessary, combat a rogue or enemy force. There really isn't a limit on what it can do, marketing, you name it. In this way, it can also help the IFP situation, by for example first coming up with a plan that is actually approved, and then if necessary funding it.

What do we think? Good idea? Move forward? I have much more in mind.

submitted by /u/cryptos4pz
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Bitcoin Cash included as a Clan in a fighting Crypto Game �� We can fight against other cryptos

Posted: 28 Feb 2020 01:20 AM PST