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They're supposed to eventually become leaderless, but they're not for the time being, especially as it relates to protocol evolution.
by CryptoPunk 5y ago
They're supposed to eventually become leaderless, but they're not for the time being, especially as it relates to protocol evolution.
- brightstep 5y agoWhat incentive do leaders have to give up authority?
- CryptoPunk 5y agoIt depends on the project and leader. Some leaders are incentivized by altruism, others by their large stake in the token supply, which could appreciate when the protocol becomes more decentralized/immutable. Some by the inertia and social pressure of community expectations, derived from long-published and widely discussed roadmaps. Some do not have an incentive to design themselves out of leadership positions.