Rethinking Decentralised Governance
summary
Argues regulation must match the specific tech and failures: cites the DAO $150M exploit, Bitcoin’s brief 184 billion-coin bug, and enforcement actions against Tornado Cash and Uniswap. Proposes shifting from rigid KYC rules to principle-based requirements (e.g., transactions not on sanctions lists) and using proofs using zero-knowledge to satisfy compliance without exposing users. Recommends legal-code alignment via co-designed regulation between norms, law and on-chain architecture, and expects meaningful progress on this within decades rather than years.
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chapters (8)
- 0:00Introduction and context
- 0:50Spectrum of crypto regulation
- 2:20Centralised vs decentralised oversight
- 4:30Code is law until it isn’t
- 6:45Regulation for protection and growth
- 9:00Principle-based regulation
- 11:00Co-designed frameworks and future outlook
- 12:20Closing thoughts
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