The challenge then, for crypto, is not to figure out the best governance practices for each Layer 1 blockchain protocol, but to find the right framework of overarching governance for all the other human-led members of the surrounding ecosystem: the exchanges, the market-makers, the trading desks, the custodians, the wallet providers and so forth. Should it all be the government’s responsibility? Or is there a self-regulatory, industry-wide solution?
Source: https://www.coindesk.com/layer2/2022/11/18/cryptos-very-human-fatal-flaw-hero-worship/?utm_medium=referral&utm_source=rss&utm_campaign=headlines