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General Discussion / Re: BitNation - Governance 2.0
« on: October 15, 2014, 01:48:44 am »
Related article, interesting: The Fall and Fall of Bitnation
"News today has been covering the mass exodus of the entire Bitnation team. They have written letters criticizing the organization, how it was run, and its ethical foundations. It was the first project which attempted to implement a system of governance using decentralized technologies, and as of now appears to be little more than empty promises and a massive failure. Last I checked, they had raised approximately .4 bitcoin, or around $150. Hardly enough for a nation.
[...]
Henry Ford famously said that if he asked people what they wanted they would have asked for a faster horse. Bitnation is, even executed perfectly, nothing more than a faster horse."
"News today has been covering the mass exodus of the entire Bitnation team. They have written letters criticizing the organization, how it was run, and its ethical foundations. It was the first project which attempted to implement a system of governance using decentralized technologies, and as of now appears to be little more than empty promises and a massive failure. Last I checked, they had raised approximately .4 bitcoin, or around $150. Hardly enough for a nation.
[...]
Henry Ford famously said that if he asked people what they wanted they would have asked for a faster horse. Bitnation is, even executed perfectly, nothing more than a faster horse."