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36 lines
2.1 KiB
Markdown
36 lines
2.1 KiB
Markdown
---
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title: "governance"
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aliases:
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tags:
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- blockchain
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---
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A structure through which a participant or user of a system agrees to use the system
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There are three key elements of governance: Rulers, Rules and Participants. The rulers set the rules based on the participants goals and needs.
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Governance types:
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- Standard (e.g., corporations, non-profits, partnerships &c)
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- Direct (each user takes part in the governance model by directly affecting every decision. Votes determine the actions)
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- Representative (user vote to choose a representative who makes decisions on their behalf)
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- Blockchain (managing the ever changing state of the blockchain's needs nand demands)
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- Off-chain/On-Chain
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- off-chain/soft- similar to institutions - a group of individuals trusted by the community form a group which is responsible for the blockchain's governance and well-being
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- on (self governing) - users within the chin, directly vote on decisions to be made, changes are then made automatically depending on the outcome - this all happens intra-protocol
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- Governance of the infrastructure/governance by the infrastructure
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# Block chain governance
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Four central parties
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- Core developers
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- Node operatoes
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- Token holders
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- Blockchain team
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## On chain governance
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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
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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
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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, robust, change — they waste a lot of time and effort on campaigns, etc.
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[^1]: https://hackernoon.com/blockchains-should-not-be-democracies-14379e0e23ad |