
How Justin Bons Reconsidered His Thesis About Solana
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Cryptocurrency's Evolution of Governance
Cryptocurrency offers a unique way to align human incentives, creating new political experiments and social coordination methods not reliant on people's goodwill. The power of economic incentives could modify human behavior significantly, leading to a potential evolution of governance and civilizational progress. However, the challenge lies in unresolved governance issues within cryptocurrency, with a tendency towards centralized decision-making by a small group of developers. Even with on-chain governance and proposal voting, centralization persists, creating a dilemma where implementing decentralized governance at a later stage may be ineffective if the system is already captured.
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