Blockchain
Charles Hoskinson is the co-founder of Cardano. He also serves as CEO of IOG. Joel Telpin is Input Output Global’s chief legal officer. They recently had a fireside conversation about Cardano, Blockchain, and the creation a Constitution.
Hoskinson opened the conversation by thanking Telpin for his efforts and talking about their partnership of over two years. Telpin was questioned by IOG’s CEO about constitutions and their use.
“I think you can actually simplify the constitution says it is a set of rules, but it does three things; establishes how you legislate, establishes how you administer, and establishes how you adjudicate, ” said Joel Telpner
Telpin spoke about blockchain technology and how it is equivalent to the preamble “we the people.” He also stressed how miners, validators, and stake pool operators already perform the three main functions of the constitution.
Telpin emphasized the fact that a constitution can provide basic concepts or guidelines for a Blockchain. CLO of IOG, Telpin, also stated that it can help to create a framework and allow for suggestions.
Hoskinson used Ethereum for an example of how ambiguity could be caused by a lack in constitution following the DAO hack. Telpin was also questioned by the Cardano cofounder.
Telpin stated that the constitution should include a framework that determines how disagreements should be resolved. They discussed many aspects of how blockchain constitutions can improve governance and community participation during the fireside chat.