with @ahall_research @eddylazzarin @0xShuel  @smc90
In this episode, we cover both recent events + evergreen governance questions in political systems: Specifically, we breakdown the recent Compound “governance attack”&#8230; as well as the broader topic of DAO governance and voting in general. We also discuss how to avoid, prevent, and respond to such governance attacks &#8212; highlighting key differences between on-chain/ token-based/ digital voting systems vs. physical-world political systems around the world. 
What happens when you have activity from actors that the majority doesn’t necessarily agree with? How do you distinguish between good-faith and bad-faith activity, especially on-chain? And other such tricky questions?? Our experts answering these questions (in conversation with Sonal Chokshi) include: 
- a16z crypto CTO Eddy Lazzarin; - head of network operations Ross Shuel; - and a16z crypto research collaborator, and Stanford professor of political science, Andrew Hall.
The episode begins by quickly recapping the exact sequence of a recent Compound governance “attack” event a few weeks ago &#8212; including discussing whether “governance attack” is the right label for it or not; how it’s different from other attacks; and the broader trend of online vs offline governance attacks in general &#8212; before then going into specific solutions. The team also shares some behind-scenes tick tock on what happened, how people figure out motives behind actions on-chain (especially given the “<a href="https://a16zcrypto.com/posts/article/dao-governance-attacks-and-how-to-avoid-them/#section--2" target="_blank" rel="noopener">indistinguishability problem</a>“), and much more. 
Pieces mentioned in this episode and other resources:
<ul>
<li><a href="https://a16zcrypto.com/posts/article/dao-governance-attacks-and-how-to-avoid-them/" target="_blank" rel="noopener">DAO governance attacks, and how to avoid them</a> by Pranav Garimidi, Scott Duke Kominers, Tim Roughgarden</li>
<li><a href="https://a16zcrypto.com/posts/article/duna-for-daos/" target="_blank" rel="noopener">The DUNA: An Oasis For DAOs</a> by Miles Jennings and David Kerr</li>
<li><a href="https://a16zcrypto.com/posts/article/governance-faq/" target="_blank" rel="noopener">Governance FAQs</a> by Andrew Hall</li>
<li><a href="https://a16zcrypto.com/posts/article/application-tokens-economic-model-cash-flows/" target="_blank" rel="noopener">A new financial model for app tokens: How to generate cash flows </a>by Mason Hall, Porter Smith, Miles Jennings, and Ross Shuel</li>
<li><a href="https://a16zcrypto.com/posts/tags/daos" target="_blank" rel="noopener">all things DAOs</a> on a16zcrypto.com</li>
<li><a href="https://a16zcrypto.com/posts/?tag=decentralization" target="_blank" rel="noopener">all things decentralization</a> on a16zcrypto.com</li>
<li><a href="https://a16z.com/podcast/a16z-podcast-voting-security-and-governance-in-blockchains/" target="_blank" rel="noopener">Voting, Security, and Governance in Blockchains</a> (a16z Podcast, 2019) with Phil Daian and Ali Yahya (see also “<a href="https://hackingdistributed.com/2018/07/02/on-chain-vote-buying/" target="_blank" rel="noopener">On-Chain Vote Buying and the Rise of Dark DAOs</a>” by Phil Daian, Tyler Kell, Ian Miers, and Ari Juels)</li>
<li><a href="https://web3-with-a16z.simplecast.com/episodes/proof-of-stake-blockchain-design-consensus-sybil-long-range-attacks-more" target="_blank" rel="noopener">PoS Blockchains - Designs, Consensus, Attacks</a> (web3 with a16z Podcast, 2022) with Valeria Nikolaenko, Tim Roughgarden, Sonal Chokshi</li>
<li><a href="https://a16zcrypto.com/posts/article/lightspeed-democracy-what-web3-organizations-can-learn-from-the-history-of-governance/" target="_blank" rel="noopener">Lightspeed Democracy: What web3 organizations can learn from the history of governance</a> by Andrew Hall and Porter Smith</li>
<li><a href="https://a16zcrypto.com/posts/podcast/governing-democracy-internet-boardrooms-noah-feldman/" target="_blank" rel="noopener">Governing democracy, the internet, and boardrooms</a> (web3 with a16z Podcast, 2024) with Noah Feldman, Andrew Hall, Robert Hackett
As a reminder: None of this should be taken as business, investment, legal, or tax advice; please see a16z.com/disclosures for more important information &#8212; including a link to a list of our investments. </li>
</ul>

Michael Blau

Governance Attack!?

with @ahall_research @eddylazzarin @0xShuel  @smc90 In this episode, we cover both recent events + evergreen governance questions in political systems: Specifically, we breakdown the recent Compound “governance attack”&#8230; as well as the broader topic of DAO governance and voting in general. We also discuss how to avoid, prevent, and respond to such governance attacks &#8212; [&hellip;]

web3 with a16z crypto Episode #49

Governance Attack!?