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1. Hyolobrika (hyolobrika@social.fbxl.net)'s status on Tuesday, 14-May-2024 23:35:22 JST Hyolobrika
   ipns://vitalik.eth/general/2021/09/26/limits.html
   https://vitalik.eth.link/general/2021/09/26/limits.html
   This was an interesting read
   • silverpill (silverpill@mitra.social)'s status on Tuesday, 14-May-2024 23:35:20 JST silverpill

     in reply to

     • LS
     • Strypey
     • Sarosa

     @Hyolobrika @lain @strypey @Sarosa The idea of algorithmic governance is flawed. And he was wrong in his conclusions, because it can not be fixed by adding more cryptography.
     Blockchains are good for one thing: payments. That's all.

   • Hyolobrika (hyolobrika@social.fbxl.net)'s status on Tuesday, 14-May-2024 23:35:21 JST Hyolobrika

     in reply to

     • LS
     • Strypey
     • silverpill
     • Sarosa
     Cc: @Sarosa @strypey @silverpill @lain
   • Nathan Schneider (ntnsndr@social.coop)'s status on Wednesday, 15-May-2024 22:28:10 JST Nathan Schneider

     in reply to

     • LS
     • Strypey
     • teknomunk
     • silverpill
     • Sarosa

     @strypey @silverpill @lain @Hyolobrika @Sarosa @teknomunk I think it depends on what you mean by "algorithmic governance." Constitutional elections are an algorithm, too. I tend to think healthy governance finds the right balance of algorithmic systems and culture.

     The argument of my critique is that over-reliance on economic incentives is a danger and ends up constraining the possibilities of governance designs—leaning too hard on algorithm and crowding out culture/values/humans.

   • Strypey (strypey@mastodon.nzoss.nz)'s status on Wednesday, 15-May-2024 22:28:11 JST Strypey

     in reply to

     • LS
     • Nathan Schneider
     • teknomunk
     • silverpill
     • Sarosa

     @silverpill
     > The idea of algorithmic governance is flawed. And he was wrong in his conclusions, because it can not be fixed by adding more cryptography

     Did we read the same article? As I read it, this is exactly what both @ntnsndr and Vitalik are saying.

     > Blockchains are good for one thing: payments.

     This is exactly wrong. Payments are the one thing blockchains consistently fail to be good for.

     @lain @Hyolobrika @Sarosa @teknomunk

   • silverpill (silverpill@mitra.social)'s status on Wednesday, 15-May-2024 22:28:38 JST silverpill

     in reply to

     • LS
     • Strypey
     • Nathan Schneider
     • teknomunk
     • Sarosa

     @ntnsndr By algorithmic governance I mean DAOs and other things Vitalik and co have been tinkering with. They didn't understand that all software is owned and maintained by someone, and as a result, Ethereum has been completely co-opted. This post was written in 2021, and there was still hope. Today it is dying, and no amount of tinkering can save it.
     This destiny awaits all projects with weak leaders.

     @lain @strypey @Hyolobrika @teknomunk @Sarosa