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RE: The latest experiment in tech, economics, and psychology: Zcash

in #zcash8 years ago

I'm not sure I follow your point about governance design. The Zcash core devs all work for a company Zcash Co with a clear leader Zooko and it's reasonable to expect them to move quickly, much more like Ethereum than Bitcoin. I think there are lots of questions about the viability of Zcash but I don't think governance is one of them.

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There should be a mechanism on the blockchain level to settle conflicts. Bitcoin doesn't have any, and neither does Zcash as far as I know.

The beginning is easy when there is a company, but if Zcash is successful, it will start to decentralize and there will be lots of different opinions on how to handle things. If there is no consensus mechanism on the blockchain, there is a high risk of long and bloody fights.

I wrote about this in the Zcash forum: https://forum.z.cash/t/why-a-bitcoin-clone-and-not-a-dac/340

You might be also interested in my proposal for a good DAO design: https://steemit.com/dao/@samupaha/how-to-design-efficient-and-resilient-dao