devcon 5 / governance schizophrenia of decentralized protocol
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Governance Schizophrenia of Decentralized Protocol
Duration: 00:28:22
Speaker: Dušan Kovačič
Type: Talk
Expertise: Beginner
Event: Devcon
Date: Invalid Date
Decentralized protocol has conflicting needs of governance during its life-cycle. In the early stages, the protocol needs fast, flexible and focused development. Such is usually achieved by the founding team controlling both roadmap and team composition. Autocratic leadership enables the protocol effective bootstrapping and fast time to market. As the protocol matures, more and more people become dependent on it. Characteristics of being fast, flexible (and centralized) transforms from an advantage to the unwanted feature. People who build their businesses and lock-in their future on chosen platform are not willing to undertake risk of their lives being governed by nontransparent organization. So, how can it be addressed? Building decentralized protocol with the governance transformation process in mind (from day one) is the answer. Let's elaborate on the most efficient and non-destructive governance transformation model that would put order to the noise of the protocol schizophrenic needs. From foundation to algorithmic democracy (DAO)...
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