Governance in Web2 vs. Governance in Web3
summary
Claim: Web2 governance is already captured by a few corporations; Web3 remains uncaptured but vulnerable. Web3 advantages are decentralized, multi-jurisdictional node providers and the rough consensus and running code culture, which require broader legitimacy than corporate-owned standards. Concrete risks are legitimizing upgrade rules that allow takeover, coin-holder voting capture, and centralization at layers like identity, oracles and dispute resolution. The prescription is: avoid formalizing takeover-prone procedures and build broad, durable legitimacy.
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chapters (10)
- 0:00Introduction
- 0:45Web2 Captured by Corporations
- 4:10Web3 Captured by Corporations
- 9:39Questions Answers
- 12:32Companies in Blockchain
- 14:22Defining Legitimacy
- 18:27Coin Voting Governance
- 19:32Corporate Governance
- 21:32Identity
- 22:32Decentralization
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