Is governance Killing Blockchain ?

[krystaltoken]

The promise of crypto was freedom, not more politics.
Yet another tale of drama was revealed in the blockchain world some weeks ago, this time for Sia. This is following endless infighting over the years amongst camps trying to take control the future of money — from Bitcoin debates with Roger Ver, to hardforks in Ethereum, and flat out scams in ICOs.

This was not the future we were promised. Remember the days when we pontificated about how crypto would eliminate petty human things, like pride, power, and politics? That it would make the world a better place, not just more of the same? Yet now, crypto drama is often nastier.

So what happened?

Greed. People are just trying to make power grabs as the financial coup occurs, revolting from some tyrants, in attempts to become the next tyrants. This will not make the world better.
We need to return to our roots, which is that the future of money is decentralization — money not controlled by any one, group, or whole. Instead, money that is controlled by nobody, yet everybody at the same time.

How do you do this?
 
Governments are built on economic philosophies. Therefore, the most important piece is for a “system designer” to create an algorithm that they set in stone as the economic model of the cryptocurrency.

You can think of this ? That is back to politics.

1.   Second, because there is no land that citizens occupy in the crypto world, secession is purely voluntary and can’t spark resource wars — unless people still care about those digitally scarce resources, in which case, the economics of that system are still winning.

Okay, but really, what if we discover a better system?

Then great! A better system must always absorb the previous system, like Einsteinian physics and Newtonian physics. In this case, if your new system is actually better, then it needs to also provide an upgrade path for people to migrate forward.
And let us be clear here, this means if you are forking a system, then all those people get to keep their coins. No “haha suckers you’re too late to the party” attitudes. You ought not use it to give yourself an unfair advantage.

If a group of people had power in the previous version, and if someone simply doesn’t like that, then forking them out of existence is going to be win-lose. Having such a win-lose system will necessarily lose out to any game designer who can create win+win systems. In fact, additive-only mechanics are the inevitable and only long term sustainable and viable solutions.
Just think about the economics of it! Now go build one.

If you enjoyed this article, it would mean a lot if you click and share with friends!

source: https://hackernoon.com/governance-is-killing-blockchain-df3bfeb537f6

[1714778694]

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[dodgecharger]

The promise of crypto was freedom, not more politics.
Yet another tale of drama was revealed in the blockchain world some weeks ago, this time for Sia. This is following endless infighting over the years amongst camps trying to take control the future of money — from Bitcoin debates with Roger Ver, to hardforks in Ethereum, and flat out scams in ICOs.

This was not the future we were promised. Remember the days when we pontificated about how crypto would eliminate petty human things, like pride, power, and politics? That it would make the world a better place, not just more of the same? Yet now, crypto drama is often nastier.

So what happened?

Greed. People are just trying to make power grabs as the financial coup occurs, revolting from some tyrants, in attempts to become the next tyrants. This will not make the world better.
We need to return to our roots, which is that the future of money is decentralization — money not controlled by any one, group, or whole. Instead, money that is controlled by nobody, yet everybody at the same time.

How do you do this?
 
Governments are built on economic philosophies. Therefore, the most important piece is for a “system designer” to create an algorithm that they set in stone as the economic model of the cryptocurrency.

You can think of this ? That is back to politics.

1.   Second, because there is no land that citizens occupy in the crypto world, secession is purely voluntary and can’t spark resource wars — unless people still care about those digitally scarce resources, in which case, the economics of that system are still winning.

Okay, but really, what if we discover a better system?

Then great! A better system must always absorb the previous system, like Einsteinian physics and Newtonian physics. In this case, if your new system is actually better, then it needs to also provide an upgrade path for people to migrate forward.
And let us be clear here, this means if you are forking a system, then all those people get to keep their coins. No “haha suckers you’re too late to the party” attitudes. You ought not use it to give yourself an unfair advantage.

If a group of people had power in the previous version, and if someone simply doesn’t like that, then forking them out of existence is going to be win-lose. Having such a win-lose system will necessarily lose out to any game designer who can create win+win systems. In fact, additive-only mechanics are the inevitable and only long term sustainable and viable solutions.
Just think about the economics of it! Now go build one.

If you enjoyed this article, it would mean a lot if you click and share with friends!

The government will not intervene in promising blockchain projects. The government will crack down on the use of blockchains for fraudulent projects, with the aim of facilitating the healthy development of blockchains.

[lifesgood10]

Governance has little impacts as regards Blockchain technology
Naturally it is difficult to make people understand basic developments in a short period of time
And that is what our government are facing

They are worried about the safety of their citizens
Worried about money laundering
Worried about existence of banks

It’s going to succeed but it’s going to take a while

[Bttzed03]

Good article.
Are you the one who wrote it?
Or you just copied from this source https://hackernoon.com/governance-is-killing-blockchain-df3bfeb537f6 ?
If you only copied the content, I suggest you include the source where you got it from because that's plagiarism.

[qiman]

Very interesting article but to be honest people holding bags of this and that will never see a MOON or a LAMBO, without some regulation and safety for bigger investors to come into this sphere. Blockchain technology will become sometime the Masses will get used to 5-10 years form now, so if we want mass adoption, there will be some governance to a degree or regulation at least, that is inevitable. I can't see the whole world hosting revolutions against their governments and the banks, it just won't happen, but what we can do now is share a bit of the big pie that is coming in the next bull run to 'free ourselves' from poverty.

[HardFireMiner]

Generally speaking, you can't kill what you do not control, manage, have influence on, so short answer is NO, governance can't kill a technology i.e. Blockchain without totally replacing it or/and make it's security vulnerable.

[Suwycu]

Perhaps you are right and governments will try to take advantage of their position and try to influence this technology!

[Herbert2020]

everybody wants money and unfortunately cryptocurrencies have been providing that to a lot of people in a very easy manner. all the things you mentioned here such as Roger Ver's take over attempt, Ethereum fork,... are to make more money. they even created coins to make money, tokens such as Ethereum was made to make certain people millionaires overnight, fork coins like bitcoin cash was created to "create" money out of thin air in an instant.

this is inevitable. the only thing that users can do is find the decentralization that a currency like bitcoin has and then stick to it and stay unmoved no matter what is thrown at them. and that has been what we have been doing so far with bitcoin.

[leea-1334]

Seems people do not realize the difference anymore in crypto. We always talk about crypto and the idealism, but honestly I find people know very little. I even still have a few people think that mining crypto is actually awarded with physical coins! When they cannot even understand the basic architecture how do we educate about governance? Worse, people prefer governance and centralized politics!

Good article.
Are you the one who wrote it?
Or you just copied from this source https://hackernoon.com/governance-is-killing-blockchain-df3bfeb537f6 ?
If you only copied the content, I suggest you include the source where you got it from because that's plagiarism.

Second that. Even if you did write it, you should at least provide the original link, gets more traffic and lets people know you are not a plagirizer,,, which can get you banned in forum!

[juragankambing]

The promise of crypto was freedom, not more politics.
Yet another tale of drama was revealed in the blockchain world some weeks ago, this time for Sia. This is following endless infighting over the years amongst camps trying to take control the future of money — from Bitcoin debates with Roger Ver, to hardforks in Ethereum, and flat out scams in ICOs.

This was not the future we were promised. Remember the days when we pontificated about how crypto would eliminate petty human things, like pride, power, and politics? That it would make the world a better place, not just more of the same? Yet now, crypto drama is often nastier.

So what happened?

Greed. People are just trying to make power grabs as the financial coup occurs, revolting from some tyrants, in attempts to become the next tyrants. This will not make the world better.
We need to return to our roots, which is that the future of money is decentralization — money not controlled by any one, group, or whole. Instead, money that is controlled by nobody, yet everybody at the same time.

How do you do this?
 
Governments are built on economic philosophies. Therefore, the most important piece is for a “system designer” to create an algorithm that they set in stone as the economic model of the cryptocurrency.

You can think of this ? That is back to politics.

1.   Second, because there is no land that citizens occupy in the crypto world, secession is purely voluntary and can’t spark resource wars — unless people still care about those digitally scarce resources, in which case, the economics of that system are still winning.

Okay, but really, what if we discover a better system?

Then great! A better system must always absorb the previous system, like Einsteinian physics and Newtonian physics. In this case, if your new system is actually better, then it needs to also provide an upgrade path for people to migrate forward.
And let us be clear here, this means if you are forking a system, then all those people get to keep their coins. No “haha suckers you’re too late to the party” attitudes. You ought not use it to give yourself an unfair advantage.

If a group of people had power in the previous version, and if someone simply doesn’t like that, then forking them out of existence is going to be win-lose. Having such a win-lose system will necessarily lose out to any game designer who can create win+win systems. In fact, additive-only mechanics are the inevitable and only long term sustainable and viable solutions.
Just think about the economics of it! Now go build one.

If you enjoyed this article, it would mean a lot if you click and share with friends!

each country's view of crypto is certainly different, so it is very difficult for crypto to be well received in every country or government,
crypto is a breakthrough where all transactions are decentralized transparent and very peer to peer and do not require a third party that threatens the existence of third parties,
the government certainly defends and protects third parties that are partly owned by the government.

[krystaltoken]

Seems people do not realize the difference anymore in crypto. We always talk about crypto and the idealism, but honestly I find people know very little. I even still have a few people think that mining crypto is actually awarded with physical coins! When they cannot even understand the basic architecture how do we educate about governance? Worse, people prefer governance and centralized politics!

Good article.
Are you the one who wrote it?
Or you just copied from this source https://hackernoon.com/governance-is-killing-blockchain-df3bfeb537f6 ?
If you only copied the content, I suggest you include the source where you got it from because that's plagiarism.

Second that. Even if you did write it, you should at least provide the original link, gets more traffic and lets people know you are not a plagirizer,,, which can get you banned in forum!

[krystaltoken]

Seems people do not realize the difference anymore in crypto. We always talk about crypto and the idealism, but honestly I find people know very little. I even still have a few people think that mining crypto is actually awarded with physical coins! When they cannot even understand the basic architecture how do we educate about governance? Worse, people prefer governance and centralized politics!

Good article.
Are you the one who wrote it?
Or you just copied from this source https://hackernoon.com/governance-is-killing-blockchain-df3bfeb537f6 ?
If you only copied the content, I suggest you include the source where you got it from because that's plagiarism.

Second that. Even if you did write it, you should at least provide the original link, gets more traffic and lets people know you are not a plagirizer,,, which can get you banned in forum!

The promise of crypto was freedom, not more politics.
Yet another tale of drama was revealed in the blockchain world some weeks ago, this time for Sia. This is following endless infighting over the years amongst camps trying to take control the future of money — from Bitcoin debates with Roger Ver, to hardforks in Ethereum, and flat out scams in ICOs.

This was not the future we were promised. Remember the days when we pontificated about how crypto would eliminate petty human things, like pride, power, and politics? That it would make the world a better place, not just more of the same? Yet now, crypto drama is often nastier.

So what happened?

Greed. People are just trying to make power grabs as the financial coup occurs, revolting from some tyrants, in attempts to become the next tyrants. This will not make the world better.
We need to return to our roots, which is that the future of money is decentralization — money not controlled by any one, group, or whole. Instead, money that is controlled by nobody, yet everybody at the same time.

How do you do this?
 
Governments are built on economic philosophies. Therefore, the most important piece is for a “system designer” to create an algorithm that they set in stone as the economic model of the cryptocurrency.

You can think of this ? That is back to politics.

1.   Second, because there is no land that citizens occupy in the crypto world, secession is purely voluntary and can’t spark resource wars — unless people still care about those digitally scarce resources, in which case, the economics of that system are still winning.

Okay, but really, what if we discover a better system?

Then great! A better system must always absorb the previous system, like Einsteinian physics and Newtonian physics. In this case, if your new system is actually better, then it needs to also provide an upgrade path for people to migrate forward.
And let us be clear here, this means if you are forking a system, then all those people get to keep their coins. No “haha suckers you’re too late to the party” attitudes. You ought not use it to give yourself an unfair advantage.

If a group of people had power in the previous version, and if someone simply doesn’t like that, then forking them out of existence is going to be win-lose. Having such a win-lose system will necessarily lose out to any game designer who can create win+win systems. In fact, additive-only mechanics are the inevitable and only long term sustainable and viable solutions.
Just think about the economics of it! Now go build one.

If you enjoyed this article, it would mean a lot if you click and share with friends!

source: https://hackernoon.com/governance-is-killing-blockchain-df3bfeb537f6

Thanks for your nice correction, just saw the artictle felt will be good for the Forum never taught of plagiarism. Everyday we learn

[krystaltoken]

Seems people do not realize the difference anymore in crypto. We always talk about crypto and the idealism, but honestly I find people know very little. I even still have a few people think that mining crypto is actually awarded with physical coins! When they cannot even understand the basic architecture how do we educate about governance? Worse, people prefer governance and centralized politics!

Good article.
Are you the one who wrote it?
Or you just copied from this source https://hackernoon.com/governance-is-killing-blockchain-df3bfeb537f6 ?
If you only copied the content, I suggest you include the source where you got it from because that's plagiarism.

Second that. Even if you did write it, you should at least provide the original link, gets more traffic and lets people know you are not a plagirizer,,, which can get you banned in forum!

[coinswebid]

blockchain is a great technology, so there is no reason for the governance to kill it my friend
but, i believe if governance soon or later will adopt blockchain 

[Lan75]

blockchain is a great technology, so there is no reason for the governance to kill it my friend
but, i believe if governance soon or later will adopt blockchain 

Yes, i agree with you. Government should adapt the blockchain technology because it is very useful to government transactions. It is fast and transparent so it will minimize or totally eliminate corruption on the government of a country.

[CuriousGeorge]

The promise of crypto was freedom, not more politics.
Yet another tale of drama was revealed in the blockchain world some weeks ago, this time for Sia. This is following endless infighting over the years amongst camps trying to take control the future of money — from Bitcoin debates with Roger Ver, to hardforks in Ethereum, and flat out scams in ICOs.

This was not the future we were promised. Remember the days when we pontificated about how crypto would eliminate petty human things, like pride, power, and politics? That it would make the world a better place, not just more of the same? Yet now, crypto drama is often nastier.

So what happened?

Greed. People are just trying to make power grabs as the financial coup occurs, revolting from some tyrants, in attempts to become the next tyrants. This will not make the world better.
We need to return to our roots, which is that the future of money is decentralization — money not controlled by any one, group, or whole. Instead, money that is controlled by nobody, yet everybody at the same time.

How do you do this?
 
Governments are built on economic philosophies. Therefore, the most important piece is for a “system designer” to create an algorithm that they set in stone as the economic model of the cryptocurrency.

You can think of this ? That is back to politics.

1.   Second, because there is no land that citizens occupy in the crypto world, secession is purely voluntary and can’t spark resource wars — unless people still care about those digitally scarce resources, in which case, the economics of that system are still winning.

Okay, but really, what if we discover a better system?

Then great! A better system must always absorb the previous system, like Einsteinian physics and Newtonian physics. In this case, if your new system is actually better, then it needs to also provide an upgrade path for people to migrate forward.
And let us be clear here, this means if you are forking a system, then all those people get to keep their coins. No “haha suckers you’re too late to the party” attitudes. You ought not use it to give yourself an unfair advantage.

If a group of people had power in the previous version, and if someone simply doesn’t like that, then forking them out of existence is going to be win-lose. Having such a win-lose system will necessarily lose out to any game designer who can create win+win systems. In fact, additive-only mechanics are the inevitable and only long term sustainable and viable solutions.
Just think about the economics of it! Now go build one.

If you enjoyed this article, it would mean a lot if you click and share with friends!

The government will not intervene in promising blockchain projects. The government will crack down on the use of blockchains for fraudulent projects, with the aim of facilitating the healthy development of blockchains.

That's what they have exzpected by creating regulation to the ico, to make it will be more healthy. I just realize the fact it takes a lot of time for them to create the regulation and it may takes annual period for them all.

[yesyes18]

Very interesting article but to be honest people holding bags of this and that will never see a MOON or a LAMBO, without some regulation and safety for bigger investors to come into this sphere.

Tomme and hiw i see it, i think this year we have seen very good and awesome news more than last year but it's still not bringing in investors. I think maybe the bulls can help bring the when LAMBO term back coz it seems all the good couldn't do anything for us.

[Aiawyr11]

Governments are killing blockchains to some extent. Many government's reforms and restrictions are against blockchains but the succeeding countries and their governments bears the flag of hope.

[Greraviel21]

Cryptocurrency changed a lot of people's life by its different features and in the future it might be the key of balancing the economy. Because currently in the fiat system some whales have a lot of money and seems like they are calling the shots. So we, the normal people can see this cryptocurrency as a hope and it doesn't matter how the government acts to it.

[Legewiel05]

Usually in fiat system, there were only a few people with so much money power. They are the gods of the world as many perceive. But with cryptocurrencies a lot of people have actually changed their life and if this pace goes right, a balance in wealth is not so far away. So, this is actually a beacon for common people no matter how government sees it