Paradigm Founder: The Best Protocols Have Minimal Governance

Why? Because minimal governance allows stakeholders to rely on a protocol. This forms a virtuous cycle of adoption that can achieve the scaling that is difficult to achieve through other means. The best examples are successful traditional internet protocols, such as HTTP and SMTP. Look at the enormous power these protocols have today. It is minimal governance that has made them the standard that everyone relies on, with adoption far exceeding the levels reached by any enterprise. With the premise that governance remains important, this article explains minimal governance and speculates on its impacts.