Nazarov: Automatic protocol upgrades present worse catastrophic risk than consensus models
Dennis Nazarov · a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?) · Feb 26, 2019 · at 36:17
Dennis Nazarov, former partner at a16z crypto, discusses the systemic risks associated with automated on-chain governance relative to informal off-chain consensus.
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“So if the network automatically upgrades into some, you know, specific version of the code, the catastrophic scenarios are much worse because everyone opts into a default, whereas in this more weak consensus model everyone has to agree in kind of a broader way.”
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