Bitcoin’s most profound advancement. “On-chain governance” entirely misses this crucial fact.https://twitter.com/NickSzabo4/status/1055168586434535424 …
-
On-chain governance is about creating the laws as well as a means to change them.
But then they are not trust-minimized, and we are back to the "rule of men", which we already have in a highly evolved form with our governmental and legal systems and don't need to recreate on a technology that makes possible something in most ways vastly superior.
-
-
Further, on chain governance conflates higher(constitutional) and lower (legislative) law. One(inflation rate, consensus rules) should be categorically more difficult to amend than the other (software updates). Productive discourse is inhibited by lack of consensus on this truth
-
Without an argument surface ruthlessly minimized at the original writing (coders) & ratification (node upgrades) phases, the potential of trust-minimized code is destroyed and we are backed to very naive & inferior versions of traditional "rule of man" governance.
- 1 more reply
New conversation -
-
-
No the rules still have to be made by humans somehow. If it's the bitcoin developers creating the code, they are the ones creating the rules along with the ones running the network that implement those rules and enforce that "law". One way or another humans are always involved.
-
They are only involved in the writing phase, not in the ratification phase (nodes decided for themselves what software to run), nor in any subsequent executive (running of the code) phases. Radically trust-minimized compared to traditonal law-making.
End of conversation
New conversation -
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.