As soon as I hear the word majority in a blockchain governance solution, I know that the builders have not studied the over 2400 year old history of governance since Aristotle. Majority rule is a problem, rarely a solution—even the US Founding Fathers knew this.
To distinguish charlatans from valuable players in crypto: * charlatans hype their supposed governance innovations * valuable players focus on minimizing governance (a.k.a. trust minimization) Only the latter gives you global seamlessness, censorship resistance, etc.https://twitter.com/Ruminorang/status/1027756116141371392 …
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Ostrom won the 2009 Nobel prize for demonstrating that majority rule of a scarce resource can be successful if certain rules are in place. The problem until blockchain came along was that these rules are were impossible to scale.
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Blockchains don't make such small-scale village decisions socially scale -- the biggest problem is mutual knowledge of preferences and skills, not the trust and security of something simple.
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Doesn't blockchain help solve these too ? - on chain voting ? Permissionless access ? transparency of actions ? shared outcomes ?
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Decentralization = Key
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Decentralization per computer science, yes. Not just any kind of decentralization.
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Certainly decentralize per computer science, and the generally associated sphere and space, agreed. What kind of decentralization would you potentially disagree with? Curious.
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If trust dynamics of cryptocurrency were better, we'd see more widespread adoption. The truth is that using cryptocurrency requires *more* trust than fiat systems in certain areas. Examples: Trust that my computer is not compromised. Trust that wallet software is not buggy.
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Yeah, I went on a rant yesterday about how much bullshit is being built here. The ethos is completely different - what the hell is an enterprise going to do with blockchain? We should be building things that offend people and cannot be stopped. That will demonstrate true power.
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Lol
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Nick are you joining Mastodon anytime soon?
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Governance never removes risks, it only shifts them one layer up and forward in time. Which is exactly how catastrophes are created.
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What if governance was abstracted past money and could delegate responsibility and power? In other words, what if blockchain could govern people directly?
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- Minimize governance and maximize flaw discovery.
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Words of wisdom from
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tezos :( ?
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Time will tell. TF holds a lot of power but if they distribute that share out well to deserving projects it could be amazing. Plus still in betanet.
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Charlie lee is a humble developer and tech entrepreneur
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I'm guessing Cardano
@IOHK_Charles make take exception to this. - 2 more replies
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