Unpacking Decred’s Social Contract: why Decred and Bitcoin can coexist

Apr 3 · 9 min read

Social Contract Theory

Adapted cover of “The Social Contract” written by Rousseau

Money as a Social Contract

Adapted illustration by Shaftesbury (source)

Bitcoin as a social contract

The 4 rules of Bitcoin

Bitcoin’s biggest challenges

The social contract of Decred

The rules of Decred

Adapted illustration by Shaftesbury (source)

Who can change the rules of Decred?

Can a software bug kill Decred?

How will Decred react to forks?

Adapted illustration by Shaftesbury (source)




Thanks to Hasu


Written by


Digital currencies & blockchain governance.

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