@NervosNetwork GROUP Jok Post: governance in crypto is pretty | Blockchain Group Highlights

@NervosNetwork GROUP
Jok Post:
governance in crypto is pretty "hard" to say the least. people with knowledge put up proposals, people with and without knowledge vote for those proposals. how many people in this system actually know if the proposal is good or bad? how many people understand the code behind it? We then come down to trusting the proposal guys, that they have/had good intentions, without verifying it ourselves (majority). Its coming from a financial and or engineering standpoint - why would the barber or the doctor next door vote on this proposal with now knowledge about the state? my view of course
Jani:
There is one good course I recommend:
Paul:
And what’s that
Wang [no DM] Kevin:
payments is part of it obviously, and afaik they’re integrating with trading desks so that users don’t have to hold crypto, but just use crypto as payment rails. the real potential i think is really to provide incentives for early supporters with a stake of the platform / creator to help evangelize and bring in more fans in exchange for future value generated - essentially the job of the traditional agencies. But yes it’s still early and we’ll see how it goes.
Wang [no DM] Kevin:
governance is hard, in particular for a layer 1 protocol, where changes have broad implications with impact to the entire ecosystem. I don’t think anyone has figured this out yet, and there are many experimentations. Sadly most are still quite centralized, given the concentration of tokens, even voting is used as a means. We’ll start with small steps on this next year but will be more cautious and experimental instead of “designing” a perfect system.
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https://t.me/NervosNetwork/77370