…t that a majority of the power held in the system belongs to stakeholders who share similar values. Unfortunately, I don’t think we can claim — at least, not yet — to have figured out exactly what those shared values consist of. Hence the proliferation of blockchains and contentious forks in the past year … but that’s a long-w…
I wrote a lengthy response to this statement but I believe that we HAVE figured out what those shared values consist of. So long as the social contract prior to the construction of a community is well defined then the shared values are well defined and the community can converge on one focal point of consensus.
If the social contract is not well defined prior to a communities construction then you cannot reach a focal point of consensus because there is no well established concept on which people can converge. Shared values only exist when they are established in a charter at the founding of a community. Otherwise you have contention leading to the inability to reach consensus as we have seen.
You can check out my post here: