Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

a16z suggests Machiavelli to fix decentralized governance

Published 09/21/2023, 01:30 PM
Updated 09/22/2023, 03:00 PM

Principles written almost 500 years ago by Niccolò Machiavelli — author of the controversial political work The Prince — are the solution to solving decentralized governance issues in autonomous organizations, according to a blog post by venture capital firm Andreessen Horowitz (a16z).

The piece is signed by a16z’s general counsel and head of decentralization, Miles Jennings, who believes that “applying Machiavellian principles to decentralized governance in web3 can address current shortcomings.” According to Jennings, Machiavelli’s philosophy has a pragmatic understanding of struggles of social power, which are similar to those experienced by crypto protocols and their decentralized autonomous organizations (DAOs).

Example of governance system based on delegate council. Source: a16z Crypto

Continue Reading on Coin Telegraph

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.