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RE: Some Thoughts on the Future...

in #hive4 years ago

I see much potential value in all the use cases mentioned above. What I also see is that fundamental to them all is for Hive to improve the governance system.

As some of you will know I have been attempting to attract interest in The Matrix-8 Solution for this purpose, with little success so far. I believe that this potential solution for governance could set Hive in the forefront for trust. Governance is key to all other use cases imo.

Yesterday I read a superb article on this subject which goes into great detail, written by former co-founder of Coinbase Fred Ehrsam. I highly encourage reading the entire article
https://medium.com/@FEhrsam/blockchain-governance-programming-our-future-c3bfe30f2d74
Here are some quotes.

"blockchain governance system design is one of the highest leverage activities known."

"For users: Spend more time looking at the governance system of your blockchain, less time on the issue of the day. Current events are just a manifestation of the larger system that caused them. So while it’s easy to get riled up by the news, the highest leverage point for change comes from designing or changing the system, not arguing about its current manifestations."

"I believe governance should be the primary focus of investors in the space. The fundamentals of cryptoeconomics and overarching governance schemas of these networks are critical to survival, under-appreciated, and poorly understood. Investors can add significant value through the luxury of being able to observe and learn from multiple projects at one time. They should be active in the governance of the tokens they participate in and transparent with a community if they feel the design of the system can be improved."

I think anonymous deliberation and voting plus Trusted Reputation are two key areas of good decentralised governance which are not in place with the Hive DPOS. Fred talks about these in his article. I also note that Vechain are working on an anonymous voting system for the same reasons.

Anyway, I encourage all to read the article linked to above AND to read about The Matrix-8 Solution (a multi-level, real time Pure Democrity) which I feel strongly addresses many of the issues mentioned and can make Hive a leading Blockchain and attract billions of users for the governance (and voting) system for worldwide use cases.

This post answers some questions about Matrix-8 https://peakd.com/hive-153630/@atma.love/matrix-8-questions-and-answers

This link is for the New Age DApps community where you can find more posts including the white paper for Matrix-8 https://peakd.com/c/hive-153630/created

Namaste
Atma