{"id":5617,"date":"2020-06-17T10:25:54","date_gmt":"2020-06-17T14:25:54","guid":{"rendered":"http:\/\/cointelegraph.com\/magazine\/?p=5617"},"modified":"2020-06-17T10:54:46","modified_gmt":"2020-06-17T14:54:46","slug":"agents-of-influence-blockchain-cryptoverse","status":"publish","type":"post","link":"https:\/\/cointelegraph.com\/magazine\/2020\/06\/17\/agents-of-influence-blockchain-cryptoverse","title":{"rendered":"Agents of Influence: He Who Controls The Blockchain, Controls The Cryptoverse"},"content":{"rendered":"
Nobody is in charge of Ethereum. It suffers from a chronic lack of governance, a lack of structure.\u00a0 And as a result, it is in crisis.\u00a0<\/strong><\/p>\n That\u2019s one theory, anyway.<\/span><\/p>\n “Ethereum governance has failed. We are a de facto technocracy, where a small group of technocrats, the core devs, have final say over what goes into the protocol,\u201d declared former Ethereum core developer Lane Rettig recently.\u00a0\u00a0<\/span><\/p>\n \u201cBut the challenges we face today are increasingly non-technical. Core devs don’t want to make these decisions because they feel unqualified, fear legal liability, are conflict avoidant, and prefer just to write code.\u201d<\/span><\/i><\/p><\/blockquote>\n Not all agree.\u00a0<\/span><\/p>\n Gavin Wood, co-founder of Ethereum told <\/span>Cointelegraph Magazine<\/span><\/i>: \u201cThe idea that \u2018no one is in charge\u2019 of either Bitcoin or Ethereum is fallacious. Vitalik [Buterin] is to all intents and purposes \u2018in charge\u2019 of Ethereum. The Ethereum Foundation (EF) controls its trademark and he controls the EF.\u201d<\/span><\/p>\n The <\/span>MIT Technology Review<\/span><\/a> said much the same in late 2018: \u201cEveryone knows that for all Ethereum\u2019s ambitions to be decentralized, [Vitalik] Buterin is still its north star. When difficult times have arisen in the past, the community has leaned heavily on him to guide them.\u201d\u00a0<\/span><\/p>\n One recalls, too, the 2016 DAO hack, following which the key response was made by \u201ca small group of people advocating successfully for the hard fork,\u201d as law professor Michele Neitz <\/span>recounted<\/span><\/a>. She described the members of this group as Ethereum\u2019s \u201cagents of influence\u201d.\u00a0<\/span><\/p>\n From these recent utterances, one might assume <\/span>decentralization<\/span><\/i> is failing. Originally a political term suggesting the dispersion of powers, as from a central government to regional or local governments, decentralization has taken on a new meaning and importance in the Crypto Age. According to <\/span>MIT Technology Review<\/span><\/i><\/a>, it is \u201cthe principle, which any cryptocurrency community strives for, that no one entity or group should be in control.\u201d\u00a0\u00a0<\/span><\/p>\n Maybe Bitcoin (BTC), the first decentralized blockchain project, offers clarity. \u201cNo one owns the bitcoin system,\u201d <\/span>said<\/span><\/a> Bitcoin Core\u2019s lead \u2018maintainer\u2019 Wladimir van der Laan in a 2016 blog in which he explained why he had to remove BTC luminary Gavin Andresen’s \u2018commit access\u2019 privileges in accordance with the “<\/span>principle of least privilege<\/span><\/a>.”<\/span><\/p>\n \u201cNo one controls Bitcoin,\u201d stated Jameson Lopp in an influential blog titled <\/span>Who Controls Bitcoin Core<\/span><\/i><\/a>.<\/span><\/p>\n But Bitcoin has its skeptics. Its <\/span>\u201cgovernance [actually] consists in a form of domination based on charismatic authority, largely founded on presumed technical expertise, \u201d Primavera De Filippi and Benjamin Loveluck asserted in an oft-cited <\/span>paper<\/span><\/a>.\u00a0<\/span><\/p>\nWho rules Bitcoin?<\/span><\/h3>\n