http://www.huffingtonpost.com/entry...under-of-ethereum_us_58a6e10be4b0fa149f9ac481
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Q: How will Ethereum will be governed in future?
A: That’s a complicated question; built-in governance structures have benefits but they also have hidden costs. For example, if you take a Dash/Tezos-style coin voting governance model and enshrine it as a social contract, then you are also creating an expectation that anything that this governance model outputs is legitimate. Expands issuance by 5x and gives it to a coalition consisting of 60% of token holders? Sorry, the 60% voted for it. One guy bribes the voters (note that bribing can take some quite realistic indirect forms, eg. running an online wallet that provides users convenience but votes on their behalf) and makes a change that benefits themselves? Hey, vote results are vote results. So IMO the social contract in any blockchain must necessarily be at least to some extent subjective.
That said, I am sure that on-chain governance can provide very substantial benefits if it is used carefully and strategically.
Q: Should Ethereum have a built-in governance structure like dash? If not, why not?
A: That’s a complicated question; built-in governance structures have benefits but they also have hidden costs. For example, if you take a Dash/Tezos-style coin voting governance model and enshrine it as a social contract, then you are also creating an expectation that anything that this governance model outputs is legitimate. Expands issuance by 5x and gives it to a coalition consisting of 60% of token holders? Sorry, the 60% voted for it. One guy bribes the voters (note that bribing can take some quite realistic indirect forms, eg. running an online wallet that provides users convenience but votes on their behalf) and makes a change that benefits themselves? Hey, vote results are vote results. So IMO the social contract in any blockchain must necessarily be at least to some extent subjective.
That said, I am sure that on-chain governance can provide very substantial benefits if it is used carefully and strategically.
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Q: How will Ethereum will be governed in future?
A: That’s a complicated question; built-in governance structures have benefits but they also have hidden costs. For example, if you take a Dash/Tezos-style coin voting governance model and enshrine it as a social contract, then you are also creating an expectation that anything that this governance model outputs is legitimate. Expands issuance by 5x and gives it to a coalition consisting of 60% of token holders? Sorry, the 60% voted for it. One guy bribes the voters (note that bribing can take some quite realistic indirect forms, eg. running an online wallet that provides users convenience but votes on their behalf) and makes a change that benefits themselves? Hey, vote results are vote results. So IMO the social contract in any blockchain must necessarily be at least to some extent subjective.
That said, I am sure that on-chain governance can provide very substantial benefits if it is used carefully and strategically.
Q: Should Ethereum have a built-in governance structure like dash? If not, why not?
A: That’s a complicated question; built-in governance structures have benefits but they also have hidden costs. For example, if you take a Dash/Tezos-style coin voting governance model and enshrine it as a social contract, then you are also creating an expectation that anything that this governance model outputs is legitimate. Expands issuance by 5x and gives it to a coalition consisting of 60% of token holders? Sorry, the 60% voted for it. One guy bribes the voters (note that bribing can take some quite realistic indirect forms, eg. running an online wallet that provides users convenience but votes on their behalf) and makes a change that benefits themselves? Hey, vote results are vote results. So IMO the social contract in any blockchain must necessarily be at least to some extent subjective.
That said, I am sure that on-chain governance can provide very substantial benefits if it is used carefully and strategically.
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