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Fluid Co-founder Confirms Vaults Rehypothecate Collateral and Lack Full Isolation↗
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Fluid Co-founder Confirms Vaults Rehypothecate Collateral and Lack Full Isolation

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X Terminates EU Commission Ad Account Citing Reach Manipulation

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24H Summary: Hyperliquid Integrates Native USDC & French Bank BPCE Enters Crypto

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6 Hour Summary: Jupiter Retracts 'Zero Risk' Claims & Hyperliquid Lists SOL Ticker

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Poland Becomes Sole EU MiCA Holdout After Parliament Fails to Overturn Veto

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CZ Emphasizes Strict Private Key Isolation for Hardware Wallets

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US Small Business Bankruptcies Surge to Records as Inflation Persists

 
Crypto

Debate Over Token Voting Governance Rekindled by Vitalik–Yakovenko Exchange

12/01/2025, 20:35
AI SUMMARY
●Vitalik Buterin likened token voting in crypto to shareholder voting in corporations.
●Anatoly Yakovenko countered that token holders cannot enforce decisions on node operators.
●The exchange has refocused attention on limitations of token-based governance models.
A public exchange between Vitalik Buterin and Solana co-founder Anatoly Yakovenko has renewed discussion over token-based governance in crypto protocols. Vitalik compared token voting to traditional shareholder voting in joint-stock corporations, arguing it is a workable governance model despite criticism. Yakovenko responded that, in blockchain systems, tokens cannot be true shareholders because the hardware and infrastructure belong to individual operators who are not legally bound to token-holder votes. Yakovenko highlighted that even if 100% of token holders vote for a change, the people actually running the protocol can still choose to update or not update the software, underscoring a gap between on-chain votes and off-chain enforcement.

Sources (1)

01@aeyakovenko↗
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