Category:Crypto Governance

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New section on the governance of virtual communities, peer production communities but especially blockchain-type collaborations.


Quotes

"Prevalent among communities forming around blockchain technology more specifically is an emphasis on relegating governance to automated enforcement by a protocol, coordinating the otherwise free actions of actors in the network. More than a technology, blockchain has come to represent a powerful narrative and governance ideology (Reijers and Coeckelbergh, 2016), promising the possibility of automating governance, understood as the coordination of individual actions at aggregate scales. This idea has manifested in different approaches to governance in blockchain communities, which we discuss in part one of this article as materialist, designer, and emergent ideas, and approaches to governance relating these to three evolutions of governance theory (Mayntz 2003). Blockchain is a particularly fruitful context for discussing dissensus as it is navigated by online communities because, as an ideology, it so explicitly seeks to achieve consensus through technological arrangements."

- Kate Beecroft et al. [1]


"Voting happens all the time in crypto. Participants in decentralized autonomous organizations (DAOs) vote on software updates, treasury allocations, and pizza toppings according to rules encoded on a blockchain. They tend not to vote for politicians to represent them; they vote on proposals, or they delegate their votes to other users in a “liquid” system, enabling them to withdraw the delegation at any time. Power over group decisions doesn’t come from party platforms and political contributions; it may come from metrics of participation in the group’s project, or from the duration of one’s conviction, or the intensity of it. Before anyone votes, a prediction market might highlight which proposals are worth considering. The possibilities of voting are becoming so exhausted in crypto, voting is already going out of vogue."

- Nathan Schneider [2]

Status

WE ARE NOT THERE YET, shows Rebbeca Grace Rachmany:

"The promise of DAOs has been to create more advanced decision-making systems. Yet, to date, the DAO technology has provided little more than voting and funds allocation mechanisms. To govern at a global level has become an imperative in the pandemic, which affects all human beings on earth. Managing this crisis and those to come requires the development of technologies that cover all aspects of discussion, collaboration, proposal-making and accountability."

(https://www.coindesk.com/tech/2020/09/21/daos-will-never-govern-the-world-at-this-pace/)

Typology

of governnance mechanisms:


Key Resources

Key Articles

Pages in category "Crypto Governance"

The following 67 pages are in this category, out of 67 total.