Nick Szabo  🔑

"Scaling computational resources requires cheap additional resources. Scaling human institutions in a reliable & secure manner requires increasing accountants, lawyers, regulators, & police, along with the increases in bureaucracy, risk, & stress such institutions entail."https://twitter.com/richard1storey/status/1069720965750407174 …

Extremely informative paper on social scalability. I’m starting to wrap my head around what the ramifications are. And I’m wondering, what are the limitations to Bitcoin’s social scalability?

It reaches its limits if there is ever, as once happened with ETH, too much conflict of interest between a user and the developers and other major stakeholders, and not a strong enough dogma of immutability to witsthand it.. Great reason for important users to retain privacy.

Am I correct then that attempting to add governance other than Nakamoto Consensus would essentially be an attack vector?

Nakamoto consensus is a protocol, not governance, but yes in general substituting human governance for secure protocol is an idea of astronomical bad proportions.