Hi nick. Big fan. Wondering if you have considered Dubar’s 150 law when looking at governed blockchains? Our primate brains do have limitations. But could we engineer consensus to cope with those limits? Still learning here 
There is disdain for governed chains by just those people who do understand diverse humanity, our scarce attentions, the capabilities and limitations of our social minds, and how social scalability is far more important than narrow obsessions with transactional performance. https://twitter.com/DrRandyMagnum/status/1009047760610496512 …
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That's why governance is extremely hard, and secure automation for currency is such a huge win over governance https://unenumerated.blogspot.com/2017/02/money-blockchains-and-social-scalability.html …
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Thank you.Great read. As you know many of us are interested in the benefits of close to zero marginal cost daps to remove the winner takes all situations created by the likes of FaceBook, Uber, Google et al. Do you think layer 2 BTC will give us the smart contract layer we need?
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not all blockchains hold social scalability as their top priority. in fact, no blockchain does this aside from bitcoin
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That would explain why Bitcoin is the global leader.
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I think Bitcoin is number one only due to an appeal to tradition. It was the first. Most people don't even know the word cryptocurrency but they have heard of Bitcoin. I think there are coins that are better to transact with and have better governance. Dash and Bitcoin Cash.
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Both of those are run by small groups which users trust to constantly make correct decisions for them on technology and monetary policy - lot of attack surface. Bitcoin on the other hand is like a clock. We can all coordinate around it without needing to trust the governance team
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Dash is governed by masternode holders... People with skin in the game. They vote to find changes the will add value to the token.
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If skin in the game matters, wouldn't Wells Fargo be more trustworthy ultimately? Also note 1. Dash is not private 2. Masternodes are a centralizing force 3. A central dev team controls the code and the treasury (10?% cut) 4. Dash was a premined shitcoin :)
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Skin in the game matters as far as being able to determine the route in which the coin goes. Centralizing Force isn't necessarily bad as long as said force isn't initiatiory. The many owners of a business or even married couples are centralizing forces. That make them immoral.
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Skin in the game is when risk/reward is limited to you. Dash masternodes have the reward but pass the risks of poor design onto you. Collusion is easy and you can see that in 1,000 dash to become a masternode - they're increasing the barriers to participate in governance.
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We need a monetary system that is bigger than ourselves and impenetrable by our human flaws.
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Mr. Satoshi, I think you are underestimating EOS' social scalability. Pretty much everything in there can be improved, changed or thrown out. Even if I am wrong, it will take so long to find out that it will already have advanced the world of crypto tremendously by then.
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Is there a means that exists without human intervention where we could lessen the risks inherent in immutable crypto adoption? If one mistake can cost you your life's work, cryptocurrency will continue to see limited adoption.
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