【Author】
Hermstruewer, Yoan
【Source】JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT
【Abstract】Democracy requires rules that are designed to prevent the abuse of power and money. Blockchain technology is sometimes heralded as a solution to mitigate the problems associated with voting procedures, such as counting errors, fraud, or the improper use of money to influence the outcome of the collective choice procedure. In this article, I argue that the democratic potential of the blockchain hinges on the specific design of the rules governing the validation of blocks. In support of this argument, I shed light on the governance problems raised by standard protocols such as proof-of-work, proof-of-stake, and on-chain voting.
【Keywords】cryptocurrency; blockchain; democracy; market design; constitutional law; behavioral law and economics
【摘要】民主需要旨在防止滥用权力和金钱的规则。区块链技术有时被认为是缓解与投票程序相关的问题的解决方案，例如计数错误、欺诈或不当使用金钱来影响集体选择程序的结果。在本文中，我认为区块链的民主潜力取决于管理区块验证的规则的具体设计。为了支持这一论点，我阐明了标准协议引发的治理问题，例如工作量证明、股权证明和链上投票。
【关键词】加密货币；区块链；民主;市场设计；宪法；行为法经济学
【文献类型】Article; Proceedings Paper
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