Explore the challenges of governance in distributed ledger technologies through this insightful 25-minute lecture by Professor Vili Lehdonvirta from the Oxford Internet Institute. Delve into economic organization, cooperation problems, and conventional solutions before examining the specific governance issues in distributed ledger technologies (DLTs). Analyze the Bitcoin protocol, its development process, mining pools, and the contentious block size debate. Gain a deeper understanding of the DLT governance paradox and its implications for the future of decentralized systems.