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polynya
@polynya
"Decentralization" as it happens in crypto is inefficient, unfair, wasteful, asocial, and must be avoided at all costs Except for the 2 or 4 very valuable scenarios where it's the least worst solution
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Sylve pfp
Sylve
@sylve
Blockchains seem unable to learn from 100s of years of politics. As if "1 token = 1 vote" was a perfect system. And even if blockchains don't want governance, they'll still have governance. The effort to purge the system of governance results in people constantly discussing what is governance. It's like secularism
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polynya pfp
polynya
@polynya
It is possible to have an ossified public blockchain with no governance, but it'll have to be a narrow scope, e.g. Bitcoin. Coincidentally, the two dominant usecases of crypto by economic value (alt sov, stablecoins) are very narrow scope
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Sylve pfp
Sylve
@sylve
Agreed. The block size wars have shown changing the core tenets of bitcoin (bigger blocks for more use cases) resulted in a fork. I’d even argue it pushed more people to Ethereum than to bitcoin cash. Ossified chains without governance may be the innovation, but I’m more interested about governed chains
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polynya
@polynya
Likewise, which is why the only governance I'm personally involved is the most governed (Optimism)
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