How would you feel if a referendum without any information, context, content or even an identity was proposed and passed through Polkadot’s OpenGov?
It turns out, this is a valid possibility under the current OpenGov rules.
May 11, 2024when it comes to OpenGov, the vote is (on-chain) law and it doesn’t require a public declaration or a break of a “constitution” that all parties ought to abide by. The on-chain reality is rather simpler than expected where concepts like “social contracts” become moot in favor of the actual on-chain enactment of the token holders will.
May 10, 2024As bribes are part of many governance platforms and gauges such as Curve and others, we have to be aware that bribes not only affect the outcome of a certain product over another one but also, can be used to hinder development over ideological reasons. However, there are some ways to avoid the fallout. Likely, even more than the ones explored here.
July 21, 2023The idea that regulation is coming to blockchain technology is widespread. Many efforts at regulation are being worked on by authorities on many fronts. However the depth and complexity of this regulation (or over-regulation) is still cause of concern. One such case is the new work of the BIS’ Monetary Economic department. Where, despite, deep research on the topic, misses the mark on many points. Here we present the analysis of the paper and a warning for developers and validators of PoW and PoS blockchains concerning about the possible use of over-regulation in the field. Mainly due to the proposed recommendations: “to regulate validators and developers as financial intermediaries”.
Jan. 12, 2023The next-gen, zero-privacy, OFAC-compliant coin. With state-of-the-art identity tracking possible by our patented system where only the addresses with full biometric soulbound KYC’d NFTs are able to validate, transact and cash out
Aug. 23, 2022Governance 2.0 on Polkadot and Kusama. Massively democratic and open. However, there is one open question. Is it good to incentivize voters to participate in governance? What are the pros and cons? The exploration of how incentives are a continuum and not just a binary question with potentially many details to take care of as well as pitfalls.
Aug. 20, 2022"Hard forks cannot be the answer to controversy because it splits the community... governance is the answer." - Jutta Steiner
Aug. 13, 2021The thesis is simple: Interoperability first is good for maintaining a cohesive ecosystem while leaving interoperability for later risks heavy ecosystem fragmentation.
Explaining how interoperability as an afterthought will create a fragmented ecosystem with layer 2s (L2) fighting for volume, applications and users. L2s without interoperability, even if fully adopted, will bring fragmentation to their ecosystem.
Feb. 28, 2021With time, the stock market could make use of certain parts of blockchains and possibly to an even more mature, more scalable and liquid DeFi, in the meantime, DeFi cannot replace the stock market in its value, scale, content or even simulate its volume or price fees completely.
Feb. 1, 2021