Nick Szabo  🔑

It has informal governance What type of governance do you have in mind?

I think "informal governance" is something only a dumb network like Bitcoin can tolerate. For networks that need to make improvements and take decisions, "informal governance" equals stagnation.

What type of governance do you think ethereum should have?

Spec'ing out governance models requires a lot of research and experimentation, but a quick idea would be: - Non-binding signaling for forks and EIPs by core devs/a committee, elected by ETH holders - Binding votes to execute forks, by a supermajority of ETH holders

Why is an approach like this better than Ethereum’s current governance?

Because there's no governance. "Someone" in a dev call "sort of decides" what to do and when to fork. I have no idea how the process works and what the rationale is, because there isn't

It's not that simple.. Ethereums governance process is "messy" but it's not just "someone sort of deciding what to do".https://twitter.com/sassal0x/status/1086023932514189312?s=21 …

I just think that messy governance is great for dumb protocols that don't need to change. Like Bitcoin, messy and dysfunctional governance is great for a store of value. But for a protocol like Ethereum that needs to adapt very fast, I just don't see it