This is an opinion editorial by Buck O Perley, a software engineer at Unchained Capital helping build bitcoin-native financial services.

This is part one of a two part article set that describes crypto-governance and the dangers of faction.

Preface

I originally wrote this post in late 2017, after the “Big Blockers” had forked off to start their own chain with Bitcoin Cash and Segwit activation but before anything had been settled with SegWit2x.

While the debates around the technical merits and risks of the various paths forward were interesting on their own I was finding there to be another aspect of the debate that was both underexplored and in my opinion far more consequential: How human beings make decisions while preserving liberty and minimizing the costs of wrong decisions.





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