3min chapter

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Trent McConaghy & Steve Omohundro: Welcome New Players | Gaming the Future Book Club Chapter 9

The Foresight Institute Podcast

CHAPTER

The Dangers of Governance

When we first roll out a smart contract, the main danger is bugs. The people that jump on the smart contract and initially interact with it are generally those who have some reputation estimation of the authors or have some kind of relationship such that they're willing to take a chance. But then as the contract lasts over time, the actual meaning of the code comes to be better understood. And the danger of corruption from governance governance is going up.

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