Why does this library exist?
Event Date
Aug 26, 2021
Event Info
Details
Call Recording
Summary of Article
- Decentralize government (DeGov) is necessary so both public goods and the protocol itself can be properly funded and maintained. DeGov is increasingly getting more and more important, for now mostly restricted to blockchains but DeGov can be expanded beyond that as well.
- DeGov increasingly important for developing and maintaining open source public goods
- Differences between on-chain and off-chain governance (discord).
- Onchain governance can only act within the boundaries set by the protocol/contracts/tokens. Off-chain governance des not inherently share those restrictions.
- DAOs usually require some form of on-chain signaling/vote for things like treasury management and allocation of funds, even if discussion and decision are made off-chain.
- Issue with on-chain voting.
- Instability wihtin decentralized governement - controlled by number of whales. Only coinholder’s interest is prioritized in the system. Vote buying, attacks, low participation.
- Massive allocation of funds unopposed (eg. Uniswap discussion) issue of asking everyone to participate in all decisions: one possible solution is delegation. Problem with delegation is whether representatives are effective, or if just a proxy for big tokenholders
Ways to fight this:
- Time locks (polkadot). The longer tokens are locked - the more weight the
- vote holds.
- Reputation
- Vote as sentiment
- Quadratic voting (vote weight equal to square root of tokens)
- Liquid democracy with Delegator-Stewards
- Representative democracy - can be exploited if there’s a time lock on picking and choosing representatives. Voters regret, “elect and regret”.
- Proof of personhood, KYC
- Other ways of signaling high/low conviction
Why attacks haven’t happened yet
- Strong communities, community spirit and mission
- Social contracts
- Concentration of wealth and overall coordination of decisions
- Immature markets.
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Discussion Notes: bureaucratic voting in Uniswap Commission
Important to consider the social architecture and organizational psychology of crypto community spaces.
- structure that helps order discussiondiscord groups / riot or elementUNI is a governance token firstUNIN discord channel is a place to discuss governance proceedingsOther Internet was asked to do an ethnography of off-chain UNI discord discussiontensions aboundTypes of members in a community:
- Regular users ( no role tag)
- Developers
- building applications
- traders and LP
- debaters
- members who raise issues in the community or with majority token holders
- moderators
- serv.eth
- manage support requests on discord
- penguin party
- uni tokenholders and develoipers and tokenholders who coordinate
- users as customers vs stakeholders
- tension is
- governance and accessibility
- autonomous community
Channel structure
Scott at GTC
- which public are we serving?
David phelps
- gamification and involvementhow to get people involvedLinh
- hazing
- hazing creates relationships
- bonding experience
- cost of entry
- automated community buildingHow do you create a combination of skin in the game while still creating positive incentive structures
- giving people a sense of belonging with no socio-emotional cost
- alligning around a shared vision of the future
- shared trauma of a token going down doesn't create a bonding experience
- a conversation around the why is really important - making sure that you are not orbiting around the lowest common denominator of profit
- hazing at a national level is what singapore does
- taking part in military service is a bonding experience
- common problems
- public works projects (e.g. egypt)
- uniswap recommendations
- budget increases (for example) and proposals for offering money to
- workstream that the nation votes on in order to execute so that people can communally decide on things.
- experts should have the ability to pose questions and decisions. It's hard to peer into the black box of public service
- revenue neutral action
- public service mechanism that funds itself
- proven experience with building governance experience (WithTally..com)
- splitting up workstreams so that there isn't unfiltered discussion
- how do you 'gain' the right to take part in a group
- different organizational needs must serve different needs - who is your user base
- Uniswap deals with an issue of retail involvement as a start
- do people care about the purpose of a centralized exchange
- How do you reward people?
- requirement has to be giving away capital
- requirement has to be that tokens are earned
- voting amounts and involvement
- conflict of interest in being a crypto public servant
so where does this lead us?
combination of a centralized and public dialogue around what we consider to be valuable
- what are the smaller projects that we want to fund?
- councillorship and surfacing public goods to the public
- deciding to write something new
- instead of burning tokens in transactions, you mint them so that people are incentivized to use your tokens
- proposing articles that should be read, and then proposing who should be moderating
- QZ - frantically googling but not finding any constitutions
- voting on a constitutions for DAOs and their central vision
- public library can have many themes and tracks - there is a common theme for each week
- the point of the public library is the create more conversations around how to fund RFPs or other treasuries
- Corporate Social Responsibility!
- decentralized collective intelligence
- making is 'cool to care'
- creating templates for how to easily integrate public good into a protocol's mission
- how do we convince the larger community to be involved in larger community improvement?
- what other RFPs do we want to push forward?
- where can we pull funding from
- how do we build definition construction for others
- Also getting people involved in workstreams
- Public Library Admin
- experiment of how to govern within our system
- technically based community-building
decentralizing positive externalities!