Blockchain Applied in The Real World Always Runs Into a Need for Governance. from Dan Kioria on 2023-02-21 (public-dapps@w3.org from February 2023)

From: Dan Kioria <dankioria@gmail.com>
Date: Tue, 21 Feb 2023 10:57:22 +0300
To: public-dapps@w3.org
Message-ID: <CAOuH79GmzsChr=m-mntE0bESKhmmf4rgPHauLDAueBzxZ-ASwA@mail.gmail.com>

Blockchain sets out to be decentralized, but blockchain applied in the real
world always runs into a need for governance. And as Lawrence Lundy-Bryan
notes, there is no such thing as decentralized governance.

Governance is built on attestation, that is, certification of the validity
of claims. Such attestation necessitates a source of authority that is
accepted by all participants.
Sounds like centralized authority is needed for this decentralized system…!

So, shouldn't the challenge be to do it right, and make it participatory,
rather than to eliminate centralized authority? And also design it in such
a way that security and privacy are protected?

Received on Tuesday, 21 February 2023 07:57:45 UTC