by K. Oxovuieu
Published by the author
If you are traveling and your plane suddenly has an engine failure, you will hope that the pilots will do their best to land the plane and save the passengers. It would never occur to anyone to ask the passengers to vote on what the pilots should do.
Every day, we see more evidence that democracy does not work in modern society. Forcing millions of people to follow rules they despise is far from justice. The more we do this, the less it works, and the story knows only one end to this process. I will say what many of us are thinking: we are heading to war. There is only one way to turn off this dangerous path...
At the heart of the Bitcoin technology lays the consensus protocol. Its core is an unbiased leader election, based on the proof-of-work. This idea was borrowed from the human society. The creators of Bitcoin only replicated the social processes that have been tested and worked reliably for more than 2,000 years. Or have they?