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This paper analyzes the governance structures of Bitcoin and Wikipedia, focusing on their decision-making processes within the context of decentralization in the Internet of Things (IoT). The authors identify inconsistencies in the policies of both platforms that contradict democratic principles and consensus-based governance. By highlighting these discrepancies, the study proposes improvements aimed at enhancing democracy and equity in digital governance frameworks.
Inconsistencies in Bitcoin and Wikipedia's governance reveal significant flaws in their democratic processes, challenging the very foundations of decentralized decision-making.
In the era of digital revolution many contemporary events that changed the world were shaped through the internet. Nowadays, the emergence of internet of things (IoT), combining physical objects with virtual networks is expected to have even more influence. This new'decentralised'structure in the world raises questions such as power, governance and the notion of democracy online. The aim of this paper is to investigate these notions. We have taken the examples of Bitcoin and Wikipedia and examined their decision-making process. Our analysis has found some inconsistencies in their policies, that are in contradiction with democracy and consensus principles of governance. Starting from our findings, we present further improvements that can be used to achieve more democracy and equity in the digital context.
