Nick Szabo 🔑 on Twitter: ""Governance" isn't particularly helpful in the language or communications department. It's such a broad and vague term, if one can possibly substitute a more specific word for it one should do so.… https://t.co/R6vhL503Nr"

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Replying to @NickSzabo4 @adam3us @bitcoin_bolsa

yet, the EOS experiment removed its governance and reduced its market cap. So, no, no causality seen here, move on please.

2 replies 0 retweets 7 likes

Ciarán Murray‏ @C1aranMurray Sep 9

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Replying to @iang_fc @NickSzabo4 and

The optimal strategy probably looks something like this. https://vitalik.ca/general/2018/08/26/layer_1.html … There's definitely a happy medium (in the abyss) between governance-uber-alles and completely ignoring research breakthroughs in security/scaling optimisations.

1 reply 0 retweets 2 likes

Adam Back‏ @adam3us Sep 9

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Replying to @C1aranMurray @iang_fc and

Most of the practical, secure and dependable scaling applied research is actually happenig in Bitcoin, or blue sky cryptography research, unrelated to alts

1 reply 0 retweets 7 likes

Ciarán Murray‏ @C1aranMurray Sep 9

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Replying to @adam3us @iang_fc and

Such as? (and how can it be implemented if you've outright rejected governance as you say above)

1 reply 0 retweets 1 like

Adam Back‏ @adam3us Sep 9

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Replying to @C1aranMurray @iang_fc and

oh ic you mean change. maybe this is a good place to start about change process for FOSS, IETF and Bitcoin "The Tao of Bitcoin Development" https://medium.com/@bergealex4/the-tao-of-bitcoin-development-ff093c6155cd … no governance does not mean no change. governance in crypto lingo means human discretion over economic policy.

3 replies 2 retweets 13 likes

Adam Back‏ @adam3us Sep 9

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Replying to @adam3us @C1aranMurray and

no governance does not mean not fixing a bug, not implementing win-win improvements, in a backwards compatible way that does not impinge on anyone's ownership, functionality, nor supply etc. @bergealex4 see also this talk on the topic by @LukeDashjrhttps://www.youtube.com/watch?v=F8Onzq46YZg …

2 replies 0 retweets 13 likes

Douglas Horn‏ @Douglas_Horn Sep 11

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Replying to @adam3us @C1aranMurray and

"Governance" is the process of how rules are made, changed and implemented. Since these things occur in the bitcoin protocol, it has governance. Applying very narrow definitions outside the norms hampers meaningful discourse.

3 replies 0 retweets 5 likes

Nick Szabo ‏ @NickSzabo4 Sep 11

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Replying to @Douglas_Horn @adam3us and

Nick Szabo Retweeted Nick Szabo

Rather than literally zero governance Adam perhaps means that Bitcoin governance is something like choice (3) below.https://twitter.com/NickSzabo4/status/1009996445280169985 …

Nick Szabo added,

Nick Szabo @NickSzabo4

"Blockchain governance" generally comes in only three varieties: (1) Lord of the Flies, (2) lawyers, or (3) ruthlessly minimized.

5 replies 1 retweet 16 likes

Ciarán Murray‏ @C1aranMurray Sep 11

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Replying to @NickSzabo4 @Douglas_Horn and

Which is where anyone that properly understands blockchains (IMO) wants to get to. In the meantime we’ll have to crack some eggs to make an omelette so we’re not looking to smtng like Liquid to scale to global finance levels b/c as a wise man once said “TTPs are security...”

2 replies 0 retweets 0 likes

Douglas Horn‏ @Douglas_Horn Sep 11

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Replying to @C1aranMurray @NickSzabo4 and

Defining a common language is one of the things that will help demystify crypto to the masses. We can't hold on to our own precious definitions contrary to common usage and expect mass adoption.

1 reply 0 retweets 0 likes

Nick Szabo ‏ @NickSzabo4 Sep 11

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Replying to @Douglas_Horn @C1aranMurray and

"Governance" isn't particularly helpful in the language or communications department. It's such a broad and vague term, if one can possibly substitute a more specific word for it one should do so.

11:32 AM - 11 Sep 2019

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1 reply 0 retweets 1 like

1. Douglas Horn‏ @Douglas_Horn Sep 11
  
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  Replying to @NickSzabo4 @C1aranMurray and
  
  I agree. We need a better common vocabulary. But we should examine whether our current one is fostering or hindering communication. I think this is a case of the latter.
  
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