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Governance Minimization — Fred Ehrsam
---------CONCLUSION DeFi's decentralized governance allows stakeholders to influence protocol development. Decentralized governance with DAOs can replace traditional firms' transaction costs, allowing crypto projects to welcome more diverse ideas and beliefs. To achieve these benefits, operational efficiency does not have to be sacrificed. Incorpor... See more
Sam McCarthy • Cryptociety | Sam McCarthy | Substack
The promise of DAOs lies in self-governance. With the appropriate tools and mechanics, contributors can onboard, coordinate, reward one another, rather than relying on one single point of failure. In absence of such infrastructure, decisions will continue to be made arbitrarily and consensus cannot scale across the network.
Tina He • A New Genre of Work
The protocol formalizes the governance rules of the network and ensures that people who do not know or trust each other reach and settle agreements over the Web.
Shermin Voshmgir • Token Economy
A further strategy for democratic structuring is to establish a robust set of rights, responsibilities, and guarantees. Crypto networks have already developed constitutional layers in the code of their underlying protocols,
Nathan Schneider • Governable Spaces: Democratic Design for Online Life
The truly interesting stuff is the governance innovation: using network states to organize in ways that would actually not be possible under existing regulations.
Vitalik Buterin • What do I think about network states?
Existing systems of decentralized network governance differ in two defining aspects: (1) whether rules around implementing changes to the relevant software protocols are included in the software itself; (2) the level of formalization and institutionalization of off-chain governance.