Inside the Dark Ages of Blockchain Governance III

The author argues that blockchain has failed to deliver its promised postcapitalist potential, with failures outweighing successes after sixteen years, and that the field's drift toward a "dark enlightenment" reflects a reactionary turn. Governance tools such as quadratic voting and adversarial arbitration are described as offering only limited relief, since they risk new forms of cultural capital and tend to give way to de facto oligarchies. The piece ties this trajectory to the views of Mencius Moldbug and Nick Land, and says that art applications have been the most honest in the space.