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I believe that he is referring more broadly to forms of governance in DAOs (though I believe they're all on turing complete chains). For example, OpenZeppelin p
by shyish 5y ago
I believe that he is referring more broadly to forms of governance in DAOs (though I believe they're all on turing complete chains). For example, OpenZeppelin provides some quickstart governance contracts[1] that are all coin-based voting systems. There are some simple ways around this, like to make voting power proportional to the square root of token ownership but obviously one address != one human voter.
Vitalik wrote about some alternatives[2] on his blog, such as proof of humanity, proof or participation or staking based solutions primarily but most significant projects are still using coin-voting.
[1]: https://docs.openzeppelin.com/contracts/4.x/governance https://docs.openzeppelin.com/contracts/4.x/governance
[2]: https://vitalik.ca/general/2021/08/16/voting3.html https://vitalik.ca/general/2021/08/16/voting3.html