Daniel Kuhn is a deputy managing editor for Consensus Magazine. He owns minor amounts of BTC and ETH.
To a large degree, crypto’s primary value proposition is that it gives users more control over their lives. Over their money, data and social connections. This is because crypto is a fundamental rewrite of how internet services are built: Instead of the client/server relationship that defined the pre-blockchain era, there is now a way for individuals and collectives to
In many ways, it’s a kind of unquestioned logic that the admin or moderators — whoever controls the system, whether it's a company or at the level of a Facebook group chat — that there's this absolute power. We’re starting to see a way out of that with blockchains; they're a kind of network design that doesn't rely on that single server. Because of that, governance has become a space of exploration in ways that we've never seen before on the internet.
The other thing that is critical outside of technical infrastructure is the financial side. A lot of DAOs, as soon as they start doing something interesting, get an offer they can't refuse from venture capital firms. Often that financial capture ends up re-centralizing these allegedly decentralized DAOs.
Do you think online governance adds too much friction, limiting what makes the internet valuable: being able to jump around websites without switching costs? We can develop forms of governance that are actually appropriate to the degree of connection we have with our various communities and tools and networks. In Europe there are citizens assemblies, where you grab a random group of citizens — 50 or 100 people out of millions — and pay them to spend two weeks really studying an issue and helping to develop a proposal for how best to move through that issue. This has been really successful for cutting through legislative log jams.
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