Control as Liability

3) Pushing against regulatory conservatism in general, by increasing the chance that there's some jurisdiction that will let you do any particular thing. Allowing people to opt into network states that accept higher levels of risk could be a successful strategy for pushing against this.

Governance rights face similar challenges with both fungible and non-fungible tokens: ownership naturally tends to have a power-law distribution so the question becomes: what do you do about whales? This recent essay by Vitalik paints a clear picture for why this will become an increasingly problematic issue for DAOs, both in terms of incentive mis... See more

[3] is of course a more complicated moral question: whether you view paralysis and creep toward de-facto authoritarian global government as a bigger problem or someone inventing an evil technology that dooms us all as a bigger problem.