# Researchers Probe the Limits of On-Chain Governance: Futarchy's Trust Gap and Reputation Wallets

Two Ethereum research posts question whether markets and wallets can encode collective judgment without reintroducing the trusted gatekeepers decentralization set out to remove.

- Published: 2026-06-20T10:26:14.531Z
- Canonical: https://polylog.news/crypto/2026-06-20/researchers-probe-the-limits-of-on-chain-governance-futarchy
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Ethereum Research](https://ethresear.ch/t/futarchy-is-insecure-without-a-trusted-gatekeeper/25235), [Ethereum Research](https://ethresear.ch/t/the-reputation-wallet-why-knowledge-ethics-and-moral-judgment-belong-on-chain/25236)

Two posts on Ethereum's research forum take a skeptical look at the idea that on-chain systems can capture collective judgment. The first examines futarchy, a governance model in which markets vote on outcomes by betting on which proposal w…

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