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gibrown | 3 years ago
The open source point is important, but any individual crypto seems very hard to change once it is in place. Feels like it assumes you can predict how it will be used and what the consequences will be. The law isn’t easy to change but there is a clearly defined abs democratic process for doing so (assuming you are in a democracy).
mattdesl|3 years ago
I think parallels to this are also happening in crypto networks, e.g. a user deciding to participate more directly in Eth protocol governance by sitting in on R&D and core dev calls, joining EIP discussions, using merge testnets, and generally just becoming a sort of public figure within the Eth community.
(Also, this may go back to citizenship, I cannot run for US office if I am living in another country, but crypto currencies aim to be effectively borderless internet networks.)
> The open source point is important, but any individual crypto seems very hard to change once it is in place. Feels like it assumes you can predict how it will be used and what the consequences will be. The law isn’t easy to change but there is a clearly defined abs democratic process for doing so (assuming you are in a democracy).
There is also a pretty clear process for changing ETH, and it does change often[1]. Sometimes these changes are at the protocol level, requiring consensus among core developers (different client teams, protocol engineers) and a fork. Other times the changes are at the application level, like the EIP 721 standard that many wallets and smart contracts are now adding compatibility for due to user interest.
[1] https://ethereum.org/en/history/
rcMgD2BwE72F|3 years ago