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RE: The Limits of Crypto-Economic Governance (Response to Vitalik's Critique of DPOS)

in #eos7 years ago

Absolutely interesting read @dan! The assumption that AI will solve known issues sounds rather like a playful academic speculation from Vitalik to me. And although DPOS is certainly superior to POW, i don't see how it can be anything other than a system of LESS inequality. I find the concept of a blockchain constitution intriguing, but if that can be changed entirely, even there whales could again get all the say, i wonder if an immutable preamble would be the solution to that. Otherwise it'd look as the only balancing factor would be actually off-chain. Given a plurality of competing blockchains, the most corrupt ones, would be outcompeted by the more efficient ones.