The whole governance spectrum is:
- Fully centralized // all power in one hands
- Federated // power in the hands of few
- Decentralized // power in the hands of many/all — unachievable in practice
- Shadow or indirect // power in the hands of unknown
Unfortunately all traditional governance models don’t pay enough attention to shadow/indirect governance.
It’s very well known that all governance structures can be directly/indirectly manipulated/controlled by unknown 3d-parties.
Digital forms of governance have more problems than even before, ’cause of hacks, bugs, etc.
Governance on blockchain
Simple DAOs are simply hackable, a lot of DAOs on rekt.news/leaderboard
Attempts to improve the governance
But according to very well known Nash equilibrium — everyone should make decisions to the best of themselves and community/market/etc.
Looks better than simple DAO governance: KPI-based governance, Participation incentives, Reputation, Self-stratification
Unfortunately governance challenge is unsolvable 100% but we should try to improve it in any cases
Some ideas:
- No governance model to fit all cases // governance should be adopted according to landscape
- Active defense // monitoring, actions, research to prevent/handle any kinds of attacks
- Engage and incentivise community // all participants together
- AI/data driven // leverage cutting edge tech
