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A16z Crypto’s Chris Dixon on How Blockchains Can Save the Internet - Ep. 601
Unchained
Design Governance Through Software Innovation
Blockchains enable the evolution of network governance by introducing software-driven systems that enhance decision-making processes. This shift from traditional centralized governance, exemplified by companies like Facebook and Twitter, to innovative governance models fosters community engagement. Various models have emerged in the blockchain space, including off-chain governance seen in Ethereum and two types of on-chain governance: strong governance allowing full code change proposals, like Compound, and constrained governance like Uniswap. Experimental systems such as Optimism's bicameral structure illustrate promising governance checks and balances ensuring against self-interested decision-making. The complexities of governance, both online and offline, continue to be a dynamic study, reflecting the inherent challenges of managing human interactions and systems.
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