[cayblood]

One aspect of his argument that seems insufficiently explored is an apparent assumption that governance is primarily a binary state, either present or absent.

It's important to recognize that different approaches to governance have different levels of effectiveness and efficiency, and one of the most important aspects of blockchain is how it presents the first real improvement on the present state of the art in governance, or the first real competition to our current forms of government. It can help consensus to be achieved more quickly and efficiently and can make corrupt government more difficult. There are further improvements to blockchains being made to make amendable blockchains where changes to blockchain protocols and contracts can be tested in sandbox environments, essentially systems in which laws and contracts can be tested to see if they produce the desired results before implementing them. The Tezos blockchain is the most notable emerging example of this.

All of these improvements present much more powerful tools for aiding just governance than our forebears had when they created the constitutional democracies that presently govern the world. Governance is not some Platonic binary that is either absent or present, but it is an ideal towards which we're always striving and taking pragmatic steps to implement. Blockchains afford us new tools with which to achieve better governance. They are not an end in themselves or a replacement for traditional governance so much as a means to implement it more efficiently.

[gjem97]

And furthermore that DTLs are a tool for enforcing corporate governance. It's a way of imposing it on organizations that otherwise would not exist.