The rules to make the rules. My journey to understand blockchain… | by Paul Frazee | Jan, 2022 | Medium
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My journey to understand blockchain political systems continues.
The rules to make the rules Paul Frazee 9 min read · Jan 24, 2022 -- 3 Listen Share Press enter or click to view image in full size My journey to understand blockchain political systems continues. Protocols as legislation Blockchains make an effort to remove operational discretion from the nodes running their networks. The constraints aren’t total — within the margins of the constraints there are opportunities to profit — but they are significant, as they establish what kinds of state transitions are permissible. Protocol constraints drive the “code is law” meme, though I prefer to describe bl
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