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Musings

Governance matters…

Charles summed this up perfectly a while back: “Cardano is leading the entire cryptocurrency industry in this. Bitcoin and Ethereum the other two big guys, they’ve recused themselves. They’ve said we don’t want to do on-chain governance. In the case of Bitcoin, it’s anarchy. Great, they can’t change. Which means they have to live with…

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Cardano Updates

CIP 1694 Voltaire Governance

We recommend checking out the proposal on GitHub for CIP1694 that proposes an approach for Governance of Cardano in the Voltaire era. It’s an elegant and impressive document, both for the obvious thought that has gone into it, and for the simplicity that has been achieved for what is a very complex topic. The core…

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Musings

d=0

So we have now passed the point where the decentralisation parameter “d” reaches zero. What does this mean? The d parameter sets the amount of blocks produced by Stake Pools (like ADAvault) versus the genesis nodes operated by IOG (the creators of the Cardano system). At the start of the Cardano blockchain (the Byron Era)…

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Musings

Innovation and Governance

Economist Robin Hanson writes on his blog Overcoming Bias about the impact of the Overton Window and the art of the possible in politics. The Overton window is defined as the spectrum of ideas on public policy and social issues considered acceptable by the general public at a given time. He starts: The main thing that…