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This paper examines the failures inherent in decentralized governance systems that rely on consensus networks.

June 11, 2026Open Access

The Fatal Conceit of Consensus Networks: Why Decentralized Governance Fails

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This paper examines the failures inherent in decentralized governance systems that rely on consensus networks.
Archived open-access paper from the Lerer research program
Included in SSRN archive
Part of Zenodo consolidation process for durable records
Identifies critical flaws in consensus-based decision-making processes
Discusses implications for governance structures
Suggests that reliance on consensus can lead to systematic failures in decentralized systems

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Working paper explores failures of decentralized governance in consensus networks, suggesting implications for systems design.

Ignacio Adrián LERER (2026) studied this question.

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