Brexit, Bitcoin And Ethereum: Governance Gone Awry, With Beach Reading


Brexit shows just how important good governance is. Committed anarchists read no further.

For everyone else, human communities have always needed rules to get the best out of each other — because we can make each other better off in so many different ways — and to prevent the worst of each other — because, face it, even good humans do bad things.

One of the rules is how to make the rules and change the rules. Should we have a dictator, let a simple majority of everyone in the community decide, representative democracy where the community delegates the decisions, or many other possible variants. I’m not a political scientist, so I probably shouldn’t go too far out on a limb, but most communities, when given the choice of how they want to adopt rules, don’t actually choose to go with majority voting — 50% plus 1 vote wins —

Read more ... source: TheBitcoinNews