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DigixDAO winds itself down with a vote by token holders with a pretty nice USD profit for all holders. They kept the burn rate of the actual underlying ETH low as well Imho.
The projects results ask questions of the limits of Goverance in Decentralised Autonomos Organisations (DAO) but present useful findings too for future development of DAOs. ...Read More
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The Common Stack team dicuss how blockchain technology can help satisfy Osrams 8 principles for managing a commons. Some examples of how their tech can help achieve this of course, but a rational discussion on how we can meet these principles when managing common public services.
"Few people have contributed as much to our knowledge of the sustainable management of the commons as Elinor Ostrom. Winning the 2009 Nobel Prize in Economics for her work, Ostrom’s 8 principles for commons stewardship have set a standard for community management of shared resources. Although applying these rules at ...Read More
Been working on this weird thing MetaGame.
"A Massive Online Coordination Game"
Think social media meets freelancing meet role playing games... ...Read More
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The Commons Stack has officially launched the #TrustedSeed: a curated community aligned with the mission to create sustainable funding for public goods.
The Trusted Seed is an important cultural initialization tool for any #cryptoeconomic system, and we hope you'll apply to be a part of it! 🌱
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Moving from CAD to CAG: baking data-driven complexity models into our decision-support systems will revolutionize our ability to understand the implications of policy choices in our complex social systems.
The future of DAO governance is emerging.
"The main principles of dynamic governance are known as consent, circles, and double-linking. In contrast to consensus, where everyone must agree on a decision, consent is reached when there are no remaining paramount objections. When a policy change is proposed, any objections are discussed, and if needed the proposal is
A sociocratic organization is comprised of multiple tiered, overlapping circles. A circle is a semi-independent team of individuals responsible for governing its domain according to the entity’s principles. This is the horizontal element, where everyone in the circle is a full member with equal say. But there’s also a vertical ...Read More
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"Creating anything new in the world, especially something that runs against the grain, requires courageous and visionary individuals, tied to resourceful communities"
I strongly believe in strong leadership and mentorship even in flat and "decentralized" organizations. I think we could use some more examples where organizations are representative yet lead very well.
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"There was no software to support the rigorous engineering of complex systems from the ground up — from the verification and validation of simple systems (subsystems/components) with explicit assumptions, up to more complex, stochastic, dynamically networked systems with emergent properties in line with specified requirements. This full range of capabilities,
IMO, the launch and development of cadCAD is going to be a great step for legitimatizing token engineering as the professional discipline for the engineering of cryptoeconomic models and will be necessary for all #dao experiments. ...Read More
"The dxDAO is an ambitious experiment, and one of the largest blockchain-based coordination endeavors to date since “The DAO.” The idea for the dxDAO initially arose from Gnosis’ design and development of a permissionless trading protocol, the DutchX, which has proved its viability as critical infrastructure providing a decentralized, on-chain
-------> "Its lifelong trajectory will ultimately be decided by what community stakeholders deem to be the most legit pursuits!" ...Read More
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Proof of stake is at risk of becoming centralized from the outset. We need to empower dialogue and associated action to prevent this from happening 😬 That’s what the Decentralized Staking Defenders intend to do 💪
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I've observed a noticeably shift in language regarding #dao experiments - "digital cooperatives" and "continuous organizations" have been popping up more and more on my feed.
@jessewldn just laid down a great thread outlining, basically, the "state of the digital cooperative". Great thread to log - could we try to bounty it into an ecosystem map or something? ...Read More
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Great thread from a couple of key people working on open-source funding / continuous organizations / democratic organization.
People are really starting to understand the inability of venture capital to scale beyond Silicon Valley. Can't wait to see more experiments with this. ...Read More
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[THREAD] I wanted to do a general recap of the recent MakerDAO drama that went down because it was pretty crazy and imo, didn't get the attention that it needs.
It all started with this article from The Block + a leaked legal letter that "set out below our clients' position with regard to recent events concerning the corporate governance of the Foundation Company, which culminated in a request by the Chief Executive Officer of the Foundation Company, Mr. Rune ...Read More