polynya
@polynya
Blockchains are just another centralizing tool, with the default outcome significantly worse than traditional incumbents - removing all the democratic checks and balances, replacing them with grotesque plutocratic control It takes significant will and effort for a blockchain to realise its decentralizing potential
7 replies
5 recasts
102 reactions
clout
@clout
governance is another centralizing tool blockchain can be decentralized, trustless, censorship resistant, its the governance model that is broken that is a problem along the lines of effective co-ordination, incentive layers, game theory and the tragedy of the commons the CHANCE of crypto solving this, is valuable
0 reply
2 recasts
3 reactions