Shane Glynn pfp
Shane Glynn
@cno
Some notes on being willing to lose: The current ARB DAO issue, and the ongoing Stanford student punishment issue, highlight the difficulty in building a robust decision-making system. People tend to focus on things like voting and representation, and that’s important, but not nearly as important as losing.
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Shane Glynn pfp
Shane Glynn
@cno
The *most* important part of any decision-making system is the ability for the system to enforce a decision when it goes against a powerful participant. This can be via social convention, smart contract, etc, but without that you have little more than a complex system of “thoughts & prayers”.
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Shane Glynn pfp
Shane Glynn
@cno
For Americans this can be a bit of a blind spot because our two big dispute resolution mechanisms, courts and elections, generally work okay. Powerful people accept losses from these institutions for the most part.
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