Governance // [de]centralized, hacked and finally AI governance
Governance is one of the unsolved challenges of all time.
The world still relies on governance systems hundreds of years old. Governance is the last stronghold yet to meet the pace of rapid technological disruption across the planet.
Here is a summary of the key points in the text:
- Communities form based on proximity and shared culture, with rules and hierarchies emerging organically. Technology now enables exploring protocol-based communities like DAOs.
- The Power protocol aims to create inclusive, accountable, and enforceable community governance using blockchain technology. It consists of a main “mother” DAO and smaller “child” DAOs.
- The mother DAO requires staking tokens to participate in governance. Child DAOs have accountability via staking and clear performance metrics. Rewards and penalties align incentives.
- The $POWER token underpins the protocol as a governance and incentive mechanism. The mother DAO treasury backs the value of the token.
- The goal is a transparent, inclusive community unified by principles rather than traditional factors. $POWER derives value from its utility in governance and transactions within the ecosystem.
Whatever you make of the Renaissance-era Italian philosopher and political operator Niccolo Machiavelli, many of the principles explored in his writings about leadership and the preservation of political liberty remain relevant today.
Some points about web3 governance problems from a16z-article: Lack of coordination, Misalignment of interests, Lack of accountability, Vulnerability to attacks, Low participation. // nothing new..
Serious problems, just run away from all this stuff. Ideas from the article of how to fix it: Representative democracy & delegates, SubDAOs, Non-token-based governance, Greater accountability, Governance minimization. // nothing new again..
Some points in continuation: Applying Machiavellian principles to web3, Direct democracy is a myth, Autocratic tendencies are inherent in any organization, Leaders want to maintain and extend their power and privilege, Only power restrains power, A static leadership class will ultimately fail. And finally — a Machiavellian DAO by design.
There are no right or wrong governance principles, there are real world constraints, complexity and uncertain nature of humans. There is no simple solution.
Two steps to address before designing a DAO: Identify protocol stakeholders, Understand incentive structures.
Four guidelines for designing Machiavellian DAOs: Governance minimization, Balancing the leadership class, Continual upheaval, Accountability of leadership.
Governance of AI or AI governance
Governance can be augmented by the latest advanced AI tech. But AI itself requires governance.
AI and global governance
