Your text explicitly mentions that it is a research paper but you indicate that it is not: curious to contradict yourself so many times or to not master simple concepts. But so be it, I will comment on your rag as I go along.
“While the early feedback has been quite negative (and understandably so)” : this sounds familiar.
“It is not a social instrument, it is a purely economic application that sometimes require some social coordination to function properly” : Can you source this statement ? On the basis of which work do you base this statement? This is the origin of your work and it happens that it is not based on anything tangible. I have never been able to see that this is the accepted definition of a blockchain.
“Therefore our standpoint is that we must solve to the governance problem with an
economically viable solution”: You haven’t defined the problem you claim to solve. And the introduction of the notion of economically viable solution is not justified and therefore one can legitimately conclude - as I wrote in my first message - that this work invents a problem to bring a crazy answer.
“First of all, there can’t be a single Governing Concil”: Why? What is asserted without proof can be denied without proof.
“they must compete between each other to bring economic value to the chain”: Why? What does this have to do with the value of a chain and the formation of councils? What is affirmed without proof can be denied without proof
“Others would delegate their liquid staked tokens via the treasury to different competing councils”: This sentence makes no sense, you do not master the concept of liquid staking.
“We will explore these in greater details through the paper” : Where?
“the treasury has to be a neutral entity” : Why? According to whom? On the basis of what? Neutral to what?
“bad actors would inevitably emerge but the economic implication of token collateral shall remove them over time” : What are the sources that allow you to assert this ?
“will allow governance to flow via IBC as seemlessly as any other type of content;
allowing the governance to evolve into a more complex mesh-like cooperating system.” This sentence doesn’t make sense. I had to reread it 5 times and it makes absolutely no sense, you use words without mastering them and you put them together in a sentence thinking that it is a deep thought. It is not.
So much for the first page of your “research paper that is actually not a research paper”. I can go on, but it sets the tone for the rest: you assert without proof many things and the lack of sources to support your statements makes them totally unintelligible.
Should I continue?