The Easiest Way To Explain Decred Governance

Discussion in 'Governance' started by Noah, Aug 27, 2017.

  1. 2017/08/25 - Decred v1.0.8 released! → Release Notes  → Downloads
  1. Noah

    Noah Member
    Advocate (Twitter)

    Feb 1, 2016
    152
    97
    Male
    Amsterdam
    Recently we had some conversations on how to explain Decred governance. Most people immediately associate our governance system with a democracy. This connection is understandable because Decred introduced hard fork voting, but our governance system is not democratic at all.

    We have tried to come up with different concepts to describe it. However, all the mainstream governance concepts seemed inadequate descriptions in one way or the other. In the search of a fitting description it became clear that we had to create a brand new concept:

    Decred is a cyphocracy

    Read more at https://www.decredible.com/decred-cyphocracy-cypherpunk-democracy/

    In case you have any additional ideas, I'm interested to hear your thoughts!
     
  2. solar

    solar New Member

    May 26, 2017
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    Male
    Self-Employed
    Mt. Olympus
    I think of Decred governance more like shareholder governance in a corporation.
     

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