Only two kinds of financial governance are known to socially scale: 1. traditional financial industry governance, with its lawyers, accountants, etc. 2. public blockchains with a strong trust-minimization ethos. Other forms of blockchain governance will fail or evolve towards #1.
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What's the largest "trust network" that ever existed without (1) or (2)? Something like the Knights Templar?
Property & contract law had returned around most of the Mediterranean & France by the heyday of the Knights Templar, but insecure enough that Templar's own vows, rules, beliefs, & security (got their start by guarding Crusader treasure) made them better wealth transmitters.
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Hey
@NickSzabo4 do you have a recommended book list anywhere? If not could you throw out 3 or 4 you like a lot?Thanks. Twitter will use this to make your timeline better. UndoUndo
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I personally would not enter a plane without a pilot on board.
End of conversation
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