"This environment is ripe for abuse by politicians & influencers. Who gain disproportionate power over such a system by manipulating narratives. So it is really even worse than traditional governance systems as social consensus replicates old-world politics but without the democratic vote. The real innovation, therefore, lies in on-chain governance. Where there is an objective & Sybil-resistant vote by parties with actual skin in the game. That is what truly good decentralized governance should look like"
Where is the science in this opinion article?
I would recommend into reading some of these papers ...
Bitcoin Governance as a Decentralized Financial Market Infrastructure
https://stanford-jblp.pubpub.org/pub/bitcoin-governance/release/2
Bitcoin Governance - Pierre Rochard
July 8, 2018
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