tldr (tim reilly)
@tldr
When the US Founders innovated governance, their actual lives were at stake. I conjecture that these are the conditions under which novel forms of governance — eg onchain — will also begin to actually work. (Another reason why real attempts at Network State will be illuminating.)
4 replies
1 recast
29 reactions
SQX
@sqx
Lives. Riches. And bloodlines. All at stake. Getting it right was a must. There wasn’t a ‘launch another democracy’ button. To fall back on.
0 reply
0 recast
1 reaction
Nicholas
@nintynick.eth
Strong agree. Basically the costs of coordination onchain are far too high to justify using right now. They offer tremendous capture-resistance, but the ROI on that cost is insufficient, except in circumstances like you describe The other thing we can do is work on decreasing the costs
0 reply
0 recast
1 reaction
Slippage 🎩🙈🎭🍄
@mikedcryptoguy
Yeah … without real stakes, onchain governance is just LARPing with extra steps. pressure makes systems honest
0 reply
0 recast
1 reaction
beebeehem
@beebeehem
Absolutely. The Founders innovated because their lives depended on it. Onchain governance will only truly work when real risks and stakes are involved—making Network States a crucial experiment in this space.
0 reply
0 recast
0 reaction