Blockchain's Problems with Unknown Unknowns - Shermin Voshmgir
1,310 views · Published 24 April 2017 · 55:42 · Indexed 24 October 2026
Channel: Ethereum Foundation · 2017 · Science & Technology
Blockchain promises to dis-intermediate and disrupt governance by offering an incentive system for decentralised coordination of a disparate group of people who do not know and trust each other. We don’t have to trust people anymore, we only have to trust the code. So the theory goes. In reality, formalised and codified governance rulesets can only depict known knowns and known unknowns, but have very limited capabilities to properly deal with unknown unknowns — aka all those events, that cannot be anticipated, or have not been considered at the time of writing/agreeing on the code. Recent events in the Bitcoin & Ethereum community (ie. Bitcoins Blocksize debate & post TheDAO hard fork) are a testament of these limitations. Based on discussions in this post, Shermin would present and discuss different aspects of these limitations and outline potential solutions.
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