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Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place. дальше »

2018-7-21 23:03


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Lightning Network Can’t Guarantee Transactions Larger Than 3 Cents…Yet

Digital assets industry newsletter Diar. co has poured cold water on Bitcoin’s Lightning Network, claiming low transaction success rates and issues with node dominance. A Classic Beta Landscape? In its latest issue June 25, the weekly publication identified statistics about the current state of Lightning, highlighting problems for which the likelihood of improvement remains “unclear. дальше »

2018-6-29 23:00