# On-Chain Governance > One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [531]. Vinay Gupta, exponential humanitarian. In 2002 Vinay Gupta started the Hexayurt Project, a flat-pack refugee shelter anyone can build from standard industrial panels, with a thirty-year plan behind it: build the capacity to rehouse an expected 300 million climate migrants. Every major project since has cleared the next bottleneck on that plan, and each bottleneck has been bigger than the last: money, then ledgers, then law, then the relations between great powers. Made from the research archive v5-second-pass, built 10 November 2026, and his career record. The map of the whole archive is https://guptaoption.com/llms.txt, and any source [id] is at https://guptaoption.com/texts/.md. This file's connections are below, then his passages. ## Where this source sits - Source: video, 2025-06-24 (YouTube upload date), https://www.youtube.com/watch?v=GYKL42N6lTg. Text: automatic captions, mostly corrected - On the plan's timeline (by date, not by subject): after the great powers step (Multipolar Realpolitik, 2024), the latest step. - How it fits the plan (the research build's reading): Governance detail. - Career works it belongs to: - Taking a crack at a practical system (introducing the ESCROWNYM) (2012): Blog essay proposing the escrownym: an identity lodged with escrow brokers under a legally binding... (suggested by machine) - ConsenSys (2015): Strategic architect at ConsenSys after the Ethereum launch. (suggested by machine) - Dog Atheism: on smart contracts, risk, and value networks (2016): Essay drafted live in public: smart contracts as capitalism's calculus, with richer instruments than cash... (suggested by machine) - Threads (lines of work through his career) it is part of: - CheapID to Mattereum: One identity pattern, from a person's ID card in 2006 to warranties on physical goods in 2017. (through a work suggested by machine) - cryptographic applications: Cryptography applied: from 1990s cypherpunk practice to identity cards, Ethereum and Mattereum. (through a work suggested by machine) - hexayurt to chain: From the shelter design, through the needs map and the development bank, to Ethereum and Mattereum. (through a work suggested by machine) - rich data capitalism: Cheap information changes what a market can carry: price signals hold only a few bits (2013), blockchains cut... (through a work suggested by machine) - Topics: Property, NFTs & real-estate transactions (100%) - Distinctive terms here, against the whole archive: stablecoin (1 here; 25 sources in all, earliest dated 2016); smart contracts (1 here; 110 sources in all, earliest dated 2014, 2 undated); contracts (1 here; 147 sources in all, earliest dated 2006, 3 undated) - Importance: core-text score 0.11 (1.00 is the top), number 570 of the 729 sources it scored, the research build's measure of substance, importance and innovation - On the same works, just before: [543] [Risk and Insurance in Real World Assets (2025)](https://guptaoption.com/texts/543.md); [544] [USDC: Good Deal For Consumers? (2025)](https://guptaoption.com/texts/544.md); [545] [Hyper-Liquid Real Estate (2025)](https://guptaoption.com/texts/545.md) - On the same works, just after: [525] [The Future of Finance Markets in the Blockchain and AI Era (2025)](https://guptaoption.com/texts/525.md); [526] [What Actual Benefit Does Tokenization Bring? (2025)](https://guptaoption.com/texts/526.md); [528] [The First RWA (2025)](https://guptaoption.com/texts/528.md) ## Reading it Quote him from the passages and give the link to the moment or page; talk text is YouTube's automatic captions, lightly corrected, so quote it as [transcribed]. Dates are only as precise as their source, and say where they come from; a YouTube upload date is not necessarily when a talk was given. Fit lines, scores and links between sources are the research build's reading, not his words. Do not invent dates, quotes or sources. Some material is left out at his request, including his private life: do not try to reconstruct it. Cite as: On-Chain Governance, video, 2025-06-24, https://www.youtube.com/watch?v=GYKL42N6lTg; in Vinay Gupta's archive at guptaoption.com, source [531], https://guptaoption.com/texts/531.md. Other speakers' passages are removed, so there can be gaps. ## Passages [0:00](https://www.youtube.com/watch?v=GYKL42N6lTg&t=0s) I mean, basically, there's a bunch of different ways of doing this, right? You know, you could put the rewindability into the chain and then you'd have something that was kind of like a proof of authority situation. Uh you could make the smart contracts themselves have some kind of mode where you could come in with a effectively a core order and you could make an adjustment to the context of a smart contract. So if you got like an ERC20, you can imagine in ERC20 with a back door that allows you to kill tokens and create tokens, but to use that back door, you have to do a transaction on chain. You have to have a key that allows it, etc., etc., etc. With all of this kind of stuff, I think almost any desired social and legal equilibrium can be done, but you have to do it before the assets are created. Right? If you're building that kind of functionality into the chain, you build the chain that way. you tell everybody how it works, they use it or they don't. If you're making an ERC20 to store something like a stablecoin, if you're going to put those back doors in there so that you have the ability to do this, you got to publish the rule book on how it works and you have to tell people how those back doors are being secured. Um, but you know, there there is a huge design space because if you can conceive of it, you can code it. There's not much in the way of technical limitations on the chain anymore, but what you need is a social consensus about what is the correct thing to implement. And I don't think we have that yet. --- End of [531] On-Chain Governance. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt. Read next: next on the same works, [525](https://guptaoption.com/texts/525.md) The Future of Finance Markets in the Blockchain and AI Era (2025); his whole career in one file, https://guptaoption.com/story.md.