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New economic kinks and Extitutional theory with Primavera De Filippi

Interdependence

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Understanding Institutional Dynamics in Blockchain Governance

The chapter explores institutional theory beyond traditional frameworks, focusing on the interplay between institutional dynamics and identities in analyzing blockchain governance. It emphasizes the importance of considering off-chain relationships and power dynamics alongside on-chain rules to comprehend governance fully. The discussion underscores the need for a balanced approach between automated governance and human agency in decentralized autonomous organizations (DAOs) to support effective institutional design.

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