My fellow retards,
The initial ruleset on any new crypto system is set forth by the founder. Those who follow typically try to add to that ruleset and/or poke holes in the design. Early bitcoin contribution was to strengthen the design of the system, as there were some noteworthy holes in bitcoin.
Satoshi would have loved a decentralized governance system. Having only a forum and a cryptography mailing list was enough to get bitcoin off the ground, but if there was a way to give weight to individual contributors to help guide the system, it could have been moved gradually into a decentralized organism is a clean fashion, rather than Satoshi just ninja dropping out of everything once Gavin mentioned that he was going to meet with the CIA.
Decentralized governance systems work. There is value to forcing skin in the game. You can say that they are inefficient, and sure, they certainly are when forced to be on an L1 such as Ethereum. But having individuals cast votes in a way where the founder and team can gauge what the community wants is incredible.
The phonon network will benefit massively from having a large community of regular contributors. Two of the DAO stewards have been with the project working on the Lattice1 hardware since 2017. Any project that has community members approaching 5 years with a project is a good sign.
The founders of Phonon have gifted it to the Phonon DAO. It is now up to the DAO to determine what should be built, what should be implemented. There are ideas floating out there. Cross chain dexes, incentivized TOR and other such systems that are only feasible because Phonon exists. You should acquire some PHONON tokens to participate in governance. It is a magical feeling to help coordinate the design of a system you care about.
Be the change you want to see in crypto.
Join the Phonon DAO discord today. Even if you aren’t a down-stack electrical-engineering triple-threat genius like Professor K, the movement needs all types.
phon/ongod out.