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RE: People Are People: A Logical Roast of Naive Blockchain Governance

in #blockchain8 years ago

Sure having competing voluntary governances with interchanging bases of support is not a bad idea and one might find good governance through such an evolutionary approach, but truly sound money doesn't work in such a way. All communities will eventually crater due to corruption or the erosion of support which makes the underlying currency they are build on top of vulnerable. While governance should be flexible and open to change, currency should be resistant to change as change introduces potential corrupting factors.

If currency is open to change under such a model, it really is no better than traditional models of currency created by governments. Sure there is more transparency, but user apathy always leads to the downfall of such models of flexible governance by the people. Most people don't trust the governments that rule them but do little to actually change them once under the control of people who care more and wield more power.

My issue isn't with governance on a blockchain. My issue is governance on a blockchain that is also trying to be a currency / resource at the same time.

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