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In Code(Rs) We Trust: Software Developers As Fiduciaries In Public Blockchains, Angela Walch
In Code(Rs) We Trust: Software Developers As Fiduciaries In Public Blockchains, Angela Walch
Faculty Articles
A decade into Bitcoin's existence, governance questions around it and other public blockchains abound. Do these 'decentralized' structures even have governance? If so, what does it look like? Who has power, and how is it channeled or constrained? Are power structures implicit or explicit? How can we improve upon the ad hoc governance structures of early blockchains? ls ‘on-chain governance,’ like that proposed by Tezos and others, the path forward?
In August 2016, in the aftermath of the DAO theft and resulting Ethereum hard fork, I argued in American Banker that the core developers and significant miners of public blockchains …