Lack of Governance Structure
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technical
Criticism: Bitcoin lacks a formal governance structure, leading to conflicts over upgrades and potential stagnation.
Counterarguments:
Consensus-Driven Development: Bitcoin's decentralized governance ensures no single entity can control it, providing stability and security through consensus.
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Layered Development: Innovations like the Lightning Network are developed independently, allowing Bitcoin to evolve without changing its core protocol.
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Cautious and Secure Development: Bitcoin's careful, community-driven approach minimizes risks and ensures updates are only made when well-tested and widely agreed upon.
By: admin