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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thank you for not using the word trustless, trusting that you can prove something in the future is still trust. I don't understand why you don't consider trust min governance as well though. Where there's people there will always be politics and people making new rules. No?
Where trust-min protocols can be brought to bear there can be much less of it, and much less is much better.
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I guess I consider trust min protocols as governance still. In a similar way to how the cosmos is governed by the laws of nature, there's still rules.
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Agreed. There's no perpetual motion machine, and nothing you can build will permanently exist without restoration, upgrades, and adaptation to changing times/environments. TCP/IP is a good example. Whatever/whoever decides how those changes are implemented is "governance"
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There's a huge difference between making these kinds of decisions and making per-transaction decisions. The latter can be (and has been, in Bitcoin) eliminated and the former can be minimized.
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Does former exist (even at minimal levels)? If you can have e.g. blocksize war scare talent, resources, and community (not to mention second chain), thats governance breakdown. Whether you think of BCH as true or an attack, how events unfolded != desirable decision making flow
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FWIW I'm not saying that BCH is worth anything or that BTC didn't survive, but rather this (to me) is an event that shows governance could be done better and improvement is worth attention
End of conversation
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