[Noobie] - How is the governance of BitShares decided upon? Is the governance decentralized?
I'm curious if this project utilizes some sort of decentralized voting mechanism to approve/disprove projects and direction.
Could this project in theory be upended by a dissident develope group if the mass of users decided to defund the current team, or would they need to fork the project?
Posted Feb 8, 2016, 7:24 PM UTC
42
We vote with our stake. We vote for witnesses, committee members, and workers. Witnesses sign blocks, and are paid for every block they sign. Committee members adjust blockchain parameters such as block size or fees. That is an unpaid job. Worker proposals are how we pay for development. We currently have 3 paid workers. The core developers do not currently have an active worker. If these three workers were voted out it would stop work on the gui and documentation efforts.