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Can you explain what's wrong with it?

"...replicating a structure (through organizational or version forking) does not completely address the hierarchy of the structure itself. While it certainly gives others a voice a…

Exactly. Bitcoin governance can still be called decentralized but there are still certain degrees of centralized control in decentralized systems (just look at the Internet). The p…

That's an interesting way of putting it. Scaling will always be a problem with monolithic records like you say. I have worked on a couple of distributed ledgers with sharding and t…

Bitcoin decision making is channeled down a funnel: Core Developers make suggestions and the Lead Developer (and those given commit access) sign off on those decisions. Those decis…

Possibly. But you still need a Lead Developer to sign off on decision making. And high net worth individuals will have consolidated voting rights on those decisions. Perhaps if PoS…

If you have access to university libraries this academic article describes how Bitcoin production operates through centralized control points