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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.
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Conviction Voting offers a novel decision making process that funds proposals based on the aggregated preference of community members, expressed continuously. It sidesteps sybil attacks, provides collusion resistance, and mitigates many of the attack vectors of time-boxed voting mechanisms.
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"In essence, the ECC is working out how to turn the Zcash blockchain—which was based on bitcoin’s code and has inherited many of its limitations—into one that can handle thousands, if not millions, of transactions per second. That shakeup is so radical, it’s likely to involve an entirely new blockchain ...Read More
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"While ERC-20 and ERC-721 tokens required a new smart contract deployed for each new “class” of token, the core concept behind ERC-1155 is that a single smart contract can govern an infinite number of tokens."
The "donuts" experiment on the ethtrader subreddit is super interesting to look at from a governance perspective. Original post here: https://www.reddit.com/r/ethtrader/comments/9khml6/introducing_community_points_polls_an_experiment
Vitalik's take is interesting. I think the issue with this approach was the economic incentive and the community reputation were too closely tied to be a foundation for any metric/mechanism.
...Read More
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Selecting a network to validate on is a form of investment analysis. It can make or break a small validator.
Doing this well will only become more important as the number of Proof of Stake networks that come online increases. ...Read More
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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
This is really fascinating! Anyone want to try creating an entry on this new directory for #governance patterns? https://medlabboulder.gitlab.io/democraticmediums/mediums/continuous_voting/
I opted for "continuous voting" rather than "conviction" because I think that term sets the idea apart a bit more from other methods. I would think of conviction voting, perhaps, as a variant of the broader continuous type. Does that seem right? @mZargham @abbey_titcomb
https://blog.aragon.org/introducing-aragon-fundraising/
Been following Aragon's progress for a while. I'm really excited to see this launch. The fundraising app will be a great testing bed for continuous organizations, emergent organizations, and all other continuously funded and self-governed orgs. Excited to see the initial experiments that will be spun up using the app. ...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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My personal research statement: thoughts on attribution networks, non-equilibrium economics and computational social science in the era of decentralized computation.
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This is a curve market maker-based price oracle! This is something that i've been thinking about for a while in the context of bonding curves. It makes perfect sense, and if you have the right parameters in place there is an incentive for arbitrageurs to have the oracle match the
One interesting application — a dynamic inflation rate tied to price. As the price increases, gradually increase the inflation rate to introduce some stability. This would work particularly well for utility tokens with some underlying value. ...Read More
The incentives depend on delegator motivations, as well as herd mentality. Regarding the former, those who feel decentralization is critical are motivated to prevent stake centralization.
The latter is more of a path of least resistance. People see the big stakes at the top and interpret them as some type of social proof, then follow along and delegate to them too. ...Read More