Samson Mow Proposes Bitcoin Core Fork Amid Governance Issues – Coincu
The post Samson Mow Proposes Bitcoin Core Fork Amid Governance Issues – Coincu appeared on BitcoinEthereumNews.com.
Key Points: Samson Mow suggests forking Bitcoin Core to solve governance disputes. New governance model proposed to align developer incentives. Community reactions and historical context of past Bitcoin forks. Bitcoin technology CEO Samson Mow suggests forking Bitcoin Core to address ongoing developer incentive misalignment. This move reflects dissatisfaction with current governance structures within the Bitcoin ecosystem. Mow’s proposal could lead to substantial shifts in Bitcoin’s governance, igniting industry-wide discussions and potential developer realignments. Mow Proposes Fork to Correct Developer Incentive Misalignment Samson Mow, CEO of JAN3, recently suggested forking the Bitcoin Core code to tackle developer incentive misalignment. This proposal, highlighted during a podcast, is aimed at resolving community divisions over the existing OP_RETURN policy, which dictates how arbitrary data is stored on the blockchain. Mow indicated the importance of a robust governance framework, mitigating the influence of developer reputations. Community sentiment remains mixed on the proposal’s viability. A key aspect of Mow’s approach involves introducing a new, anonymous funding model for developers, diverging from traditional grant-based systems. While no concrete financial details have been made public, the implications for Bitcoin network governance are potentially broad, sparking debate on effectiveness and feasibility. The potential fork would likely impact only Bitcoin (BTC), though historical forks suggest temporary ripples in wider cryptocurrency markets. Samson Mow, CEO, JAN3, stated, “Maybe it’s time for another fork of Bitcoin. This would align incentives among developers and solve current governance and code change gridlock.” Potential Impacts of a Samson Mow-Led Bitcoin Fork Did you know? A split similar to Bitcoin’s past fork into Bitcoin Cash in 2017 could once more shift market values and influence developer allegiances. Bitcoin (BTC), trading at $102,617.89, exhibits a market cap of $2.04 trillion, reportedly holding 61.97% market dominance. Recent trading activity reports a 24-hour volume of $63.56 billion, reflecting a…
Filed under: News - @ May 13, 2025 5:24 am