A chain is only as strong as its weakest link, and in a blockchain that link lies in the form of its founders.

2018-7-16 10:34

The greatest challenge that new blockchains must solve isn’t speed or scaling – it’s governance.
Nobody Else Has Either
Governance: Easy to Define, Hard to Achieve
There wasn’t much thought given to on-chain governance when bitcoin was created; Satoshi was too busy reinventing the wheel on several other fronts.
Dash first popularized the concept of blockchain governance, which is achieved through the use of masternodes, whose operators can vote on budget proposals.
Scores of subsequent crypto projects, including many that don’t use masternodes, have since copied Dash’s governance model.
MakerDAO, meanwhile, has been conducting deep research into a “governance risk framework” that aims to diversify trust in trustless systems.

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