- Ethereum prices stable but bullish
- Code is Law a misnomer insists Vlad Zamfir of Casper Labs
- Transaction volumes low but poised to expand as prices expand
After penning an article critiquing Szabo’s law, Vlad is clearly of the opinion that there ought to be an element of human participation within the Ethereum governance model. Nonetheless, Ethereum (ETH) prices are stable, and after three days of consolidation, it is likely that prices will edge higher with targets at $170.
Ethereum Price Analysis
Fundamentals
Public blockchains are inherently fractious and often factions sprout disagreeing on improvements, upgrades or even a fruitful push for equal representation. We saw that happen with Bitcoin Cash when contentious led to a split creating two chains in SV and ABC. However, it is the current flame-throwing and uncomfortable topic of how best to deal with that is reviving the discussion on which governance model best suits Ethereum. As fractious and heated the atmosphere, well-articulated arguments from Vlad Zamfir is shedding light on the apparent lack of effective controls and human participation within Ethereum and the tendency towards adherence of Szabo’s law.Drumming for pro-governance, Vlad is against the idea of protocol improvements or changes on the ground of technical maintenance as stipulated by Szabo. He argues that the perception that code is law is a misnomer and “too radically anti-legal to be part of a sensible crypto legal system.” All the same, his beliefs are against what blockchain represents—autonomy.
As a network, it should operate free from third parties—in this case, government, even if solutions riding on these networks seem to go against the incumbent and disrupt the status quo.Candlestick Arrangement
