4min chapter

Deep Background with Noah Feldman cover image

Vitalik Buterin’s Plan for Legitimating Crypto

Deep Background with Noah Feldman

CHAPTER

Is Distributed Power Democracy a Good Analogy?

In an ordinary constitutional design, has some real advantages over concentrated power like autocracy or certain forms of archy. And so in the long run, many people will prefer the block chain model to the more centralized model first. If that's true, then there are a lot of people who prefer big, ralized systems of governments. But i think the distinction here is that block chains are only the bottom layer of an application. Rigt and bocins don't even necessarily have to innovate much for applications to be able to innovate much on top.

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