entity · derived
Protocol governance
Derived node: assembled mechanically from the claims carrying protocol-governance. A roster, not an adjudicated definition.
Every claim under this term
- 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
- 3782201-013 : An open source design is necessary to run any program in a peer to peer environment, because decentralization means the source code must be shared by all if it is not controlled centrally.
- 3782203-028 : Since no algorithm can be perfectly secure in all circumstances, protocol developers should redirect effort from proving algorithms correct to building a governance process that updates the algorithm
- 3782214-004 : Benevolent dictatorship is more efficient and effective than messy democracy in the short run, but centralized governance of that kind threatens the long term stability of a powerful public peer to pe
- 3782214-005 : No major blockchain is entirely decentralized, because all of them lack binding, coded, anonymous peer to peer governance; on chain and off chain governance experiments to date fall short of that stan
- 3782214-006 : Declining to adopt explicit or formal rules is itself a governance choice, and it defaults to rule by might; since might in these systems is defined by wealth, the resulting order is oligarchy.
- 3782214-007 : The absence of a governance process is especially dangerous for peer to peer platforms precisely because decentralized organizations find it extremely difficult to change their rules once established.
- 3782214-022 : The main problem with all current peer to peer governance structures is the lack of proper incentivization: participants are not motivated to improve the whole organization over the long term, so they
- 3799320-027 : Suboptimal voting outcomes in existing decentralized protocols trace to one token one vote mechanisms, which allocate more power to holders of a significant share of total token supply.