Notes on Blockchain Governanceby@Vitalik
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Notes on Blockchain Governance

May 30th 2019
15m
by @Vitalik 1,418 reads
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In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Zcash and similar systems is much less bad than commonly thought. In all of these cases, the votes are automatic - the protocol itself contains all of the logic needed to change the validator set or to update its own rules, and does this automatically in response to the result of votes.

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