You Want Democracy? Try a Hard Fork

in #politics4 years ago

Commentators often try to compare the current stage of the cryptocurrency ecosystem to the internet years. But are we in 1990? 1995? 1998?

An equally valid comparison is to ask where we are in democracy years.

The United States, the first modern democracy, ratified the Articles of Confederation in 1781 following the end of the Revolutionary War. They served as the "operating system" of the U.S. government until 1788 when they were replaced by the current constitution which sought to remedy problems discovered with the first modern democratic OS.

Cryptocurrency governance systems may be at a stage analogous to the Articles of Confederation era, when the country was trying a new system of governance that seemed promising, but still had major kinks to be worked out.

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