Bitcoin’s most profound advancement. “On-chain governance” entirely misses this crucial fact.https://twitter.com/NickSzabo4/status/1055168586434535424 …
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Replying to @matthewfox_2 @NickSzabo4
On-chain governance is about creating the laws as well as a means to change them.
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Replying to @QuadraQ @matthewfox_2
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.
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Replying to @NickSzabo4 @matthewfox_2
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.
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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.
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