a16z: Crypto Applications

As such, blockchains allow for experiments in self-governance With blockchains, any sufficiently large group of people can choose a mechanism to wholly or partially govern their economic life in the cloud. This has been a fascination from people of all political stripes, from the Paris Commune to Galt's Gulch. Ⓒ2020 Andreessen Horowitz. All rights reserved worldwide. Medium Cryptocurrency Become a member Sign in Fred Ehrsam Follow Nov 27, 2017 - 17 min read Blockchain Governance: Programming Our Future Get started This post describes why blockchain governance design is one of the most important problems out there, its critical components, current approaches, potential future approaches, and concludes with suggestions for the community. Why Blockchain Governance Matters As with organisms, the most successful blockchains will be those that can best adapt to their environments. Assuming these systems need to evolve to survive, initial design is important, but over a long enough timeline, the mechanisms for change are most important. As a result, I believe governance is the most vital problem in the space. Other fundamental problems like scalability are arguably best approached by using governance to set the right incentives for people to solve them. Yet little research has gone into governance and it feels poorly understood. Never miss a story from Fred Ehrsam, when you sign up for Medium. Learn more GET UPDATES a16z

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