Nick Szabo  🔑

The most important and hardest part of trust minimization is governance minimization.

Why do you think veterans of digital currency engineering like @iang_fc insist on “blockchain governance”? It seems like they don’t care abt trust minimization

there’s an abyss between governance minimisation and governance elimination

Not if the rules and simple and can be secured, as is the case with Bitcoin.

if the rules are simple and can be secured (automated?) then that is protocol not governance. If you choose to eliminate, then there is no abyss, but there is also no governance.

indeed, that's what Bitcoiners have been trying to say: governance is a dirty word! no governance.