Governance tokens seem like a tantalizing solution to content moderation struggles. They only give the appearance of democracy.
hit the fan in the usual way: An old tweet resurfaced. Brantly Millegan, director of operations at Ethereum Name Service , a web3 business, had written the following in May 2016: “Homosexual acts are evil. Transgenderism doesn’t exist. Abortion is murder. Contraception is a perversion. So is masturbation and porn.” After Millegan confirmed that these were still his beliefs, debate in the crypto and ENS community exploded.
The debate over Millegan could have raged on for days with no results—except the ENS community had power to deal with the issue directly. Those who had bought ENS, a kind of Ethereum-based domain name, were given $ENS, so-called governance tokens that allow holders to vote in the ENS DAO that manages the company. In theory, governance tokens are used to decentralize power in web3 enterprises; in practice, however, holders will often delegate their votes.
@dystopiabreaker, one of the main organizers, on Twitter. “Remind me again how would you do that at your C-Corp?”governance tokens are a thrilling, utopian idea, because right now the internet sucks. Shall I list the ways? Cheap and divisive content, algorithms that categorize users into types of consumers while obfuscating the creators and the people they want to see and engage with, data harvesting, et cetera, et cetera.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
BlockWallet Launches Novel Web3 Wallet with Advanced Privacy Options: Details.GetBlockWallet launches in-browser Web3 wallet with extended privacy toolkit: details BlockWallet
Weiterlesen »
BlockWallet Launches Novel Web3 Wallet with Advanced Privacy Options: Details.GetBlockWallet launches in-browser Web3 wallet with extended privacy toolkit: details BlockWallet
Weiterlesen »
Hack VC Launches $200 Million Crypto Seed Fund – Bitcoin NewsHack VC, the crypto venture capital firm behind the hacksummit programming event, announced it is launching a new $200 million crypto seed fund that aims to invest in early-stage Web3 teams.
Weiterlesen »
Louise Thompson celebrates progress after trauma following near-death experienceLouise Thompson became a first-time mum in November but the birth was life-threatening for the star due to complications
Weiterlesen »
Dapper Hires 2 Execs as NFL NFT Marketplace Debuts to $5M in SalesThe NFL All Day maker is adding an SVP of engineering from Dropbox and a CFO from Recharge Payments as the company’s football marketplace goes live.
Weiterlesen »
Russia-Ukraine live updates: Russian invasion escalates as massive convoy threatens Kyiv, Kharkiv ‘surrounded’Ukraine's second-largest city is 'surrounded' as a 40-mile Russian convoy threatens Kyiv. Follow live coverage from journalists on the ground.
Weiterlesen »