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 …
-
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.
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.
-
-
Doesn't blockchain help solve these too ? - on chain voting ? Permissionless access ? transparency of actions ? shared outcomes ?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.