diff --git a/content/notes/blockchain-bursary.md b/content/notes/blockchain-bursary.md index c7397bd71..b179b5196 100644 --- a/content/notes/blockchain-bursary.md +++ b/content/notes/blockchain-bursary.md @@ -15,6 +15,7 @@ tags: - [decentralized-autonomous-organization](notes/decentralized-autonomous-organization.md) - [DeFi](notes/DeFi.md) - [dApps](notes/dApps.md) +- [sybil-problem](notes/sybil-problem.md) # Reading - [ ] https://en.wikipedia.org/wiki/Cyberocracy diff --git a/content/notes/decentralized-autonomous-organization.md b/content/notes/decentralized-autonomous-organization.md index d61725be2..c03cda814 100644 --- a/content/notes/decentralized-autonomous-organization.md +++ b/content/notes/decentralized-autonomous-organization.md @@ -20,7 +20,10 @@ A DeFi protocol with $1B+ of assets governed on-chain by 10,000+ token holders i E.g., [The DAO](https://en.wikipedia.org/wiki/The_DAO_(organization)) # Social DAOs - +e.g., +- seed club +- FWB +- kramos # My opinions sounds like extreme democracy basically diff --git a/content/notes/governance.md b/content/notes/governance.md index b59ff57fb..54a549269 100644 --- a/content/notes/governance.md +++ b/content/notes/governance.md @@ -26,3 +26,11 @@ Four central parties - Token holders - Blockchain team +## On chain governance +users within the chain directly vote on decisions to be made, changes are then made automatically depending on the outcome - this all happens intra-protocol + +some say this method is dangerous [^1] because it uses a one-vote-per-person system, and therefore is vulnerable to the [sybil-problem](notes/sybil-problem.md). To counteract this some use a one-vote-per-coin system via [proof-of-stake](proof-of-stake). However this means that people/orgs with more coin have more weight in their votes — this is at best a plutocracy + +blockchains are experimental software. they are evolving rapidly. There already exists good models for governing hard technical projects: the Linux Foundation and the IETF. demoracies are not suited for fast, + +[^1]: https://hackernoon.com/blockchains-should-not-be-democracies-14379e0e23ad \ No newline at end of file diff --git a/content/notes/sybil-problem.md b/content/notes/sybil-problem.md new file mode 100644 index 000000000..93f73aaca --- /dev/null +++ b/content/notes/sybil-problem.md @@ -0,0 +1,10 @@ +--- +title: "sybil-problem" +aliases: +tags: + +--- +[wikipedia article](https://en.wikipedia.org/wiki/Sybil_attack) + +The Sybil attack in computer security (especially in blockchain systems) is an attack wherein a reputation systems is subverted by creating multiple identities. +