83 - Beyond Coin Voting Governance | Vitalik Buterin
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 20 September 2021
⏱️ 104 minutes
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Summary
Vitalik Buterin returns to the Podcast to discuss his recent article 'Moving Beyond Coin Voting Governance.' As always, Vitalik comes with a birds-eye view of high level challenges facing the crypto space with a moral & philosophical slant.
Building sufficiently decentralized governance mechanisms is a hugely challenging endeavor. Tackling elegant solutions to coin voting, we also cover the benefits of running your own node, the metaverse, and an update on the Ethereum narrative.
When Vitalik comes on Bankless, it's time to listen closely.
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Topics Covered:
0:00 Intro
4:00 Vitalik Returns!
7:26 Decentralized Governance
14:38 Who is Governance For?
19:44 Coordinating Public Goods
26:07 Public Goods & Upgrades
34:52 New Mechanisms
38:28 What is Blockchain Governance?
47:53 Ungovernance for Layer 1
54:00 Why Coin Voting Sucks
1:02:20 Whales
1:12:15 Running Your Own Node
1:22:14 Culture & Technology
1:26:51 Scalability Tradeoffs
1:31:05 The Metaverse & Loot
1:36:55 Update on Ethereum
1:43:15 Closing & Disclaimers
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Resources:
Vitalik on Twitter
https://twitter.com/VitalikButerin?s=20
Moving beyond coin voting governance
https://vitalik.ca/general/2021/08/16/voting3.html
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures
Transcript
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| 0:00.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:12.4 | This is how to get started, how to get better, and how to front-run the opportunity. |
| 0:16.4 | This is Ryan Sean Adams. |
| 0:17.4 | I'm here with David Hoffman, and we're here to help you become more bankless. |
| 0:22.3 | David, Vitalik on the podcast, got to listen to every Vitalik episode sometimes two or |
| 0:27.2 | three times. |
| 0:28.2 | This was a fantastic one. |
| 0:29.2 | What did we cover? |
| 0:30.2 | Yeah. |
| 0:31.2 | We covered a bunch of different subjects. |
| 0:32.2 | Every time for our quarterly check-in with Vitalik, he put up two articles that we wanted |
| 0:36.4 | to go through. |
| 0:37.4 | One was Vitalik talking about how we could, you know, graduate or evolve from coin voting |
| 0:43.3 | or token voting in DeFi, and also just token voting in general, kind of the issues that |
| 0:49.2 | token voting presents and how we can circumvent around them with new governance mechanisms |
| 0:54.2 | for DeFi apps. |
| 0:55.2 | And as Ethereum becomes more and more valuable, as these DeFi apps become more and more valuable, |
| 0:59.3 | the conversation as to how to govern these things in ways that aren't just centralizing |
| 1:03.6 | control into token holders is going to become even more important. |
| 1:07.7 | Then we also turn to the conversation, which is resurfaced lately regarding the infrastructure |
| 1:12.1 | required to run a node for a blockchain, all of the different bottlenecks and requirements |
| 1:16.6 | that you need in order to run a node and how these different choices that are made about |
... |
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