kaal:claim:3652481-029

Kaal accepts that the arguments against on chain governance remain strong: in an off chain model miners supply checks and balances over protocol changes, and on chain governance arguably removes those checks and balances.

Source quote, verbatim

Despite the ever-widening need for on-chain governance solutions, arguments against on-chain governance remain strong. In an off- chain governance model, miners provide checks and balances on power over protocol changes. On-chain governance arguably removes such checks and balances.

From

Wulf A. Kaal, Decentralized Autonomous Organizations – Internal Governance and External Legal Design (2020), IV.1.b On-Chain Governance, p. 37
https://ssrn.com/abstract=3652481 · source PDF

Cite as

Wulf A. Kaal, Decentralized Autonomous Organizations – Internal Governance and External Legal Design (2020). SSRN: https://ssrn.com/abstract=3652481

Holds when

public blockchains with miner based off chain governance

Classification

failuresupport: arguedfailure: loss of miner checksfamily: governance-participation-collapsegovernance-design

Verify

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