What do you think the proper definition/use of the term "governance" for public blockchains? Because apparently "governance" does not mean compliance with decisions backed by enforcement.
Applying the word "governance" to the residual human decision-making needed for public blockchains carries, as the term is thought of by non-developers, tons of baggage that is irrelevant to the only necessary category of such decisions, namely decisions about upgrading software.
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It's too hopelessly broad of a term, it can be made to mean almost anything. Its use doesn't shed any light on the actual residual human decision-making that is needed.
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True.
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I love semantics (sincerely!). Govern, from Greek kubernan "to steer," seems about right to me. And "upgrading software" IMO doesn't convey quite the import when the software determines significant real-world incentives and thus outcomes. Eh?
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The necessary decisions are much more akin to designing a boat than to steering it.
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Please write a blog post on this! Very important topic that deserves careful nuanced analysis.
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Agreed: Use of residual term “governance” is archaic like ‘mining’ and ‘wallet.’ In the case of DASH though, the split mining output gets voted on - how to spend it - so kind of makes sense linguistically (if one is a DASH fan).
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As public blockchains evolve upgrades may also involve fine-tuning of incentives, which may call for more complex forms of "governance" to offer the possibility for voice, not just exit.
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Agree 100%. With many would be revolutionary blockchain platforms, human decision making is still a necessary component of off chain value creation, something that purely technical founders seem to overlook.
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I agree, it is ultimately about a software update, but it is also about how transparent this happens and in which form. Exit through forking? On chain or off chain?
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What do you mean by "residual"? Deciding about software upgrades seems not much different than deciding about law upgrades
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Is this code for 'the sheep need to be led'?
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2/2 Which makes me think: perhaps the important philosophical question is whether such a regulatory apparatus can be achieved entirely endogenously ("software upgrades"), or wether it will also have to be via at least some necessarily exogenous elements ("governance")?
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Is this a subtle warning to devs about what the public thinks of the word? What do devs think "governance" means? Do devs think they are government officials and/or constitution writers?
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