In the paper, the authors divide the system of blockchain governance into three categories: endogenous governance, exogenous governance, and bootstrapping. Endogenous governance refers to the bargaining power inherent to those participating directly in the consensus mechanism; in Proof-of-Work, this is the miners, who are expending resources to secure the chain. Exogenous governance describes those governance structures that are separate to ledger consensus, including voting, holding a community referendum, and decisions made by the founders and/or developers. Bootstrapping, the third on the list, is the necessary practice of a smaller subset of relevant parties (normally the founders and core developers) making the initial decisions on the operation of the blockchain that allow it to function as intended, laying the groundwork for decentralized systems of governance once participation has reached a critical threshold.