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NickSzabo4's profile
Nick Szabo 🔑
Nick Szabo 🔑
Nick Szabo  🔑
@NickSzabo4

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Nick Szabo  🔑

@NickSzabo4

Blockchain, cryptocurrency, and smart contracts pioneer. (RT/Fav/Follow does not imply endorsement). Blog: http://unenumerated.blogspot.com 

Joined June 2014

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    Nick Szabo  🔑‏ @NickSzabo4 5 Dec 2017
    • Report Tweet

    The quality of blockchain governance may vary in inverse proportion to the time community members spend "designing governance." A big part of Bitcoin's success comes from using mature open source governance techniques rather than trying to redesign governance from scratch.

    12:12 PM - 5 Dec 2017
    • 350 Retweets
    • 1,176 Likes
    • Arun Paria Crypto Eli paula berman RD Dominic 🚀 Luke Vandy Snoopy McSnooper Jesco Jones ⚡️
    38 replies 350 retweets 1,176 likes
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      2. Kate Sills‏ @kate_sills 5 Dec 2017
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        Replying to @NickSzabo4

        I disagree. Good design is key. Good design *can* emerge spontaneously, but looking at history, the most successful governance structures were carefully planned to solve problems of power: 3 branches of gov, purse-strings separate from executive branch, etc.

        5 replies 1 retweet 19 likes
      3. iWealthAdvisor‏ @WayneAnderman 5 Dec 2017
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        Replying to @kate_sills @NickSzabo4

        Interesting. Noting the examples of centralized systems. Does governance design in a decentralized system using centralized rules give up its autonomy? Perhaps not...

        1 reply 0 retweets 1 like
      4. Kate Sills‏ @kate_sills 5 Dec 2017
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        Replying to @WayneAnderman @NickSzabo4

        I agree, I think it may be possible to have well-designed decentralized governance

        0 replies 0 retweets 2 likes
      5. End of conversation
      1. Vexo‏ @VexoDev 5 Dec 2017
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        Replying to @NickSzabo4

        True but we cant assume that better alternatives dont exist, its worth exploring at the very least.

        0 replies 0 retweets 5 likes
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      2. monero trader‏ @monerotrader 5 Dec 2017
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        Replying to @NickSzabo4

        This is why #monero is such a special project! Open source and community are key!

        1 reply 0 retweets 8 likes
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      2. Russ Harben‏ @RussHarben 5 Dec 2017
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        Replying to @KoenSwinkels @NickSzabo4

        More recent projects have attempted to build in a formal governance structure at the protocol / blockchain level. I think that's what the original tweet was referencing.

        1 reply 0 retweets 2 likes
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      1. lawson : baker‏ @lwsnbaker 5 Dec 2017
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        Replying to @NickSzabo4

        This is rather true for real-world contracts, as well. However, time-tested form agreement provisions allow for added complexity while also reducing the risk of ambiguity (i.e. inability to enforce per they parties' intentions).

        0 replies 0 retweets 3 likes
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      1. Russ Harben‏ @RussHarben 5 Dec 2017
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        Replying to @KoenSwinkels @NickSzabo4

        Did Ethereum actually design their current governance process? It seems more like post hoc rationalization than premeditated design.

        0 replies 0 retweets 3 likes
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      1. Russ Harben‏ @RussHarben 5 Dec 2017
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        Replying to @KoenSwinkels @NickSzabo4

        Nearly all blockchain projects are open source. So they would generally be better off adopting mature open source governance models rather than attempting to design new ones. Though, in reality, blockchain governance tends to be more about marketing than actual game theory.

        0 replies 0 retweets 3 likes
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      1. AGoodies  🚀‏ @SatoshiTheAlien 5 Dec 2017
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        Replying to @NickSzabo4

        Didn’t you endorse @tez0s on your Tim Ferris Podcast?

        0 replies 1 retweet 1 like
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      1. oliver beige‏ @oliverbeige 5 Dec 2017
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        oliver beige Retweeted oliver beige

        https://twitter.com/ecoinomia/status/935176947709153286 …

        oliver beige added,

        oliver beige @oliverbeige
        Readings in #cryptoeconomics pt. 5(??): Population games and evolutionary dynamics by William Sandholm. https://www.jstor.org/stable/j.ctt5hhbq5 …
        0 replies 1 retweet 1 like
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      1. T. May Detroit‏ @TMay_Det 5 Dec 2017
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        Replying to @NickSzabo4

        Absolutely no reason to try to reinvent the wheel.

        0 replies 0 retweets 2 likes
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      1. Kate Sills‏ @kate_sills 5 Dec 2017
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        A market (strictly speaking) is one type of voluntary mechanism. There's a whole bunch more, though. Auctions, for example. Libertarian mechanism design isn't an oxymoron.

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      1. Zach Glass‏ @Zach_Glass 5 Dec 2017
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        Replying to @NickSzabo4

        So you think governance via hard-forks is better than governance systems like decred, tezos or dfinity?

        0 replies 0 retweets 2 likes
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      1. Andrew Lee‏ @andrewdlee 6 Dec 2017
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        Replying to @NickSzabo4 @valb00

        I've been saying that second sentence to friends in open source. If you've been involved in governance of Java or CNCF, blockchain or cryptocurrency is your next career step

        0 replies 0 retweets 2 likes
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      2. metamitya[notribe]‏ @metamitya 5 Dec 2017
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        Replying to @NickSzabo4

        is there a good source for a description of good open source governance?

        2 replies 0 retweets 2 likes
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