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I’m super curious how the initial governance framework evolves over time. From the looks of it, it’s not anything completely new and relies on standard human v
by Dwolb 7y ago
I’m super curious how the initial governance framework evolves over time.
From the looks of it, it’s not anything completely new and relies on standard human voting and management structures.
>A Founding Member that does not comply with the Founding Member eligibility criteria can be removed by a supermajority vote of the council. The recording of this vote on the Libra Blockchain will remove the member's node from the consensus algorithm.
So given this, the things working in Libra’s favor are an immediate, global social network for distribution.
Against it would be lack of innovation on the governing front (i.e. prone to internal politics) but this is probably more of a long term problem.
[1] https://libra.org/en-US/association-council-principles/#association_executive_team https://libra.org/en-US/association-council-principles/#asso...