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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


A chain is only as strong as its weakest link, and in a blockchain that link lies in the form of its founders.

The greatest challenge that new blockchains must solve isn’t speed or scaling – it’s governance. Nobody Else Has Either Governance: Easy to Define, Hard to Achieve There wasn’t much thought given to on-chain governance when bitcoin was created; Satoshi was too busy reinventing the wheel on several other fronts. Dash first popularized the concept of дальше »

2018-7-16 10:34


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Governance is the biggest problems blockchains must solve

The greatest challenge that new blockchains must solve isn’t speed or scaling – it’s governance. Nobody Else Has Either Governance: Easy to Define, Hard to Achieve There wasn’t much thought given to on-chain governance when bitcoin was created; Satoshi was too busy reinventing the wheel on several other fronts. Dash first popularized the concept of дальше »

2018-7-16 07:31


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The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin

As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name. дальше »

2018-7-13 17:16