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26 October 2020

Decentralized Governance in the Wild – Lessons from the KuCoin Hack - CoinDesk

Decentralized Governance in the Wild – Lessons from the KuCoin Hack - CoinDesk


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For me and the other leaders of the SingularityNET blockchain-based AI network, the KuCoin hack that occurred on Sept.

While these preparations were underway, however, we discussed the situation further with KuCoin, which assured us that their insurance policy would recompense stolen tokens.

Folks whose KuCoin accounts were frozen were impatient to get their AGI tokens out.

In the domain of emergency response, liquid democracy could work as follows: Each participant in the network could nominate a handful of network participants as “emergency delegates,”  and specify that, if a network emergency occurs and a rapid vote is needed, any one of these emergency delegates should be considered able to submit their vote for them

When a network participant votes on an emergency matter, then, their vote counts not only for themselves but for anyone else who has nominated them as an emergency delegate

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