New Blockchain Governance Outline Goes Live by Ethereum Developer Vlad Zamfir
Ethereum Developer Vlad Zamfir Outlines His Vision of Blockchain Governance
The recognized Ethereum (ETH) developer Vlad Zamfir, has decided to publish a Medium article in which he provided his point of view about how blockchain governance should work. The blog post has been written on October 5 and is titled ‘My Intentions for Blockchain Governance.’
The first thing he mentions about blockchains is that he wants to avoid autonomous blockchains, the capture of blockchain governance and internet censorship as blockchain governance.
About Autonomous blockchains, he says that ethics and decentralization are independent of each other. For him, that means that it is necessary to treat blockchain governance as having exactly the same social obligation as with centralized software platforms and their governance.
He explains that dealing with the harm that is caused by public blockchains will require intervention using a blockchain governance to be reversed, mitigated or prevented. Zamfir says that he is not going to move into a future in which sociopathic code is law.
“I cannot in good conscience allow us to continue to progress toward the autonomous blockchain outcome without putting up a hell of a fight,” he mentioned.
Later he said that if the blockchain is captured, the governance will be serving the interests of a narrow group of stakeholders. He mentions that there is no clear reason why it would serve the public interest. Zamfir says that he thinks that only a governance system that is open to public participation has a reasonable chance of representing the interest of the community.
He then talked about internet censorship as blockchain governance. The internet censorship outcome is what we deserve if we allow blockchains to be autonomous, he explains, and this is something that we could regret.
Zamfir believes that the blockchain should be governed on a basis of global cooperation between members. However, he says that if it is not possible to govern the global blockchain voluntarily, then, he hopes the international law will govern it.
He says that he intends to have blockchain networks that serve a global audience rather than just a few privileged owners. But he knows that this is not an easy task to accomplish. He says that the challenges will be related to preventing autonomous blockchains, censorship or abuses.
The author of the article explains that these plans might seem ambitious, but it would be necessary to avoid dystopian outcomes and give public blockchains the possibility to be public utilities.
He says that the global nature of the technology is a huge global governance opportunity that the community should not miss.
“Don’t let the multi-jurisdictional nature of blockchain governance lure you into thinking that what happens on the blockchain is not your responsibility,” he mentions.
Blockchain developers do not generally want to take the responsibility to govern the blockchain, however, it is necessary to establish new decision-making protocols.
As he says, developers can always implement new changes, but in general, they do not want to have the authority to change balances or interfere with the execution of smart contracts.
He ended the blog post explaining that blockchain governance can’t scale without legitimate decision-making processes.