Also, CHIP process requires requester to actual do the homework. That avoids hand-waivy bullshit like what happended from the BSV camp the that split and later from ABC.
So it's different than democracy because democracy is hand wavy and doesn't require homework?
For me, democracy, autocracy, ... it can all be corrupted (otherwise, autocracy can be great if the ruler is good). Blockchain technology avoids this with mining competition.
It turns out this cannot be corrupted, in a way we as a species have maybe not manged to make a proper vocabulary around. Maybe one can say that the miners already are 100% corrupted.
But that is when they mine. Also, upgrades are not decided with mining (not saying this would be possible btw), so it can be corrupted whether it has been so far or not.
"But that is when they mine" meaning, they (and other participants) are not un-corruptible when voting on upgrades.
Basically, yes. At least that is part of why I think CHIPs are better than the other governance alternatives we have had before. The "hearing period" is as long as it needs to be.
Isn't that the same for democracy? People sometimes argue about laws for decades before they get passed.
The difference is that everyone is incentiviced to avoid another split and the CHIP process helps facilitate that & also define when someone should just fork off.
Sounds pretty similar to democracy. And democratic government eventually transformed gold standard into fiat currency.
Was there ever a democracy that did not
1. Have its proponents making such arguments as ChainXOR does here for why it Will Work Perfectly Forever.
2. Devolve over time anyway?
