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LilPing

@pingfeng

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At a Protector session, I heard this line: 'This thing is complex, not chaotic.' Turns out it's from Ostrom's wisdom. The speaker had been applying Ostrom's theories for years, but recently had a shift, he no longer looks to property rights theory for governance solutions. You can't expect institutions to solve everything because institutions are too expensive. I didn't fully get what he meant. From what I've observed, DAO researchers from both the 2017 and 2020 cycles tried to find insights from Ostrom's work for building crypto communities and DAOs, but nothing really clicked. Everyone seems to assume Bitcoin and crypto communities are commons that match Ostrom's cases. But is that actually true? Why aren't we questioning the mismatches? Also, talking with researchers, I picked up on something, sometimes academics need to 'make their bread' by heavily promoting concepts or theories from influential scholars. They'll spend tons of time talking up how some new phenomenon or theory could work in practice, like 'Commons exist in blockchain space,' so they can get grants for research. In this process, they might not mention, or just ignore the fragile parts where the theory could fall apart, because saying that would kill their grant chances. Academics are human too. This just made me realize that when everyone's hyping up some idea or new theory, I need to think about why they're doing it and stay calm and independent in my thinking, not get swept up in someone else's hype.
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