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| title | aliases | tags | |
|---|---|---|---|
| governance |
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A structure through which a participant or user of a system agrees to use the system
There are three key elements of governance: Rulers, Rules and Participants. The rulers set the rules based on the participants goals and needs.
Governance types:
- Standard (e.g., corporations, non-profits, partnerships &c)
- Direct (each user takes part in the governance model by directly affecting every decision. Votes determine the actions)
- Representative (user vote to choose a representative who makes decisions on their behalf)
- Blockchain (managing the ever changing state of the blockchain's needs nand demands)
- Off-chain/On-Chain
- 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
- 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
- Governance of the infrastructure/governance by the infrastructure
- Off-chain/On-Chain
Block chain governance
Four central parties
- Core developers
- Node operatoes
- 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. To counteract this some use a one-vote-per-coin system via 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,