LiberLion on Nostr: The Governance of #Monero Many talk about Monero's privacy, and that's fine because ...
The Governance of #Monero
Many talk about Monero's privacy, and that's fine because it is an essential feature for the personal security and fungibility of XMR, without admitting transaction censorship.
But few talk about its mode of governance which is based on voluntarism and anarchism.
Let's see.
Unlike many cryptocurrencies that have hierarchical or centralized structures, Monero operates under a decentralized governance model.
This model is based on consensus and voluntarism, where decisions about updates and developments are discussed and agreed upon within the community and among the core developers.
There is no defined leader or CEO; instead, the project relies on the collaborative work of a diverse community contributing through the community crowdfunding system.
This voluntarist approach reflects an anarchist philosophy in which control is not centralized.
Of course, decentralization may be slower. The lack of a hierarchical structure can lead to prolonged disagreements or paralysis in making important decisions.
But that is the price autonomy must pay.
Monero's privacy is essential to its value proposition, but its governance model based on voluntarism and anarchism is equally crucial to understanding its resilience and adaptability.
Many talk about Monero's privacy, and that's fine because it is an essential feature for the personal security and fungibility of XMR, without admitting transaction censorship.
But few talk about its mode of governance which is based on voluntarism and anarchism.
Let's see.
Unlike many cryptocurrencies that have hierarchical or centralized structures, Monero operates under a decentralized governance model.
This model is based on consensus and voluntarism, where decisions about updates and developments are discussed and agreed upon within the community and among the core developers.
There is no defined leader or CEO; instead, the project relies on the collaborative work of a diverse community contributing through the community crowdfunding system.
This voluntarist approach reflects an anarchist philosophy in which control is not centralized.
Of course, decentralization may be slower. The lack of a hierarchical structure can lead to prolonged disagreements or paralysis in making important decisions.
But that is the price autonomy must pay.
Monero's privacy is essential to its value proposition, but its governance model based on voluntarism and anarchism is equally crucial to understanding its resilience and adaptability.