Technology and Choice #18 Tezos and Scalable Decentralized Governance
Governance – the act or activity of looking after and making decisions about something — Merriam-Webster.com
Those wary of the complexity, inequities and corruption of govern-ment tend to also be wary of the idea of govern-ance. But there’s no way around it: Governance (by the above definition) happens one way or the other, because otherwise stuff just happens. Not an optimum scene, for sure.
Arthur Breitman, CTO and lead developer of Tezos, started thinking about this years ago, and started developing Tezos as a way to account for the inevitable need to adapt the means of decision-making and action within a decentralized cryptocurrency environment.
In this episode we try to take a simpleton’s approach to examining Bitcoin and related currencies in a way most anyone can follow, and then examine the factors that need to be managed in any decentralized cryptocurrency system, and start to examine how Tezos deals with these points.
I say “start,” because we could only get so far in one hour. There’s more to come, but you don’t want to miss this one, for sure.
Bumper music: Rocket Power by Kevin MacLeod.
Source: Coin Desk