Concepts explained in Vitalik Buterin’s [The Subjectivity / Exploitability Tradeoff
Pure subjectivism is defined quite simply. - If all agree, then unanimous. - If there is a disagreement between Decision A and Decision B, blockchain/DAO is split into two folk, with one fork implementing Decision A and the other implementing Decision B. - All forks are allowed to exist and it is up to the surrounding community to decide which forks they are interested in
- Subjectivism is, in a sense, the ultimate non-coercive form of governance.
- No one is forced to.
- No one is enforced to accept a situation that is not the way they want it.
- However, if you have unpopular policy preferences, you will end up in a fork with few others to interact with you.
- No one is forced to.
from Exploitability Tradeoff link
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Posted by Vitalik Buterin on February 14, 2015
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Trade-off between subjectivity and exploitability
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