🪴 Quartz 4.0

Coordination Mechanisms with Griff Green

Apr 22, 20244 min read

https://www.youtube.com/watch?v=qyd7mvQmn5I

claude.icon - Collective Knowledge Mechanisms and Markets for Public Goods - Griff's goal: to create a market for public goods through collective knowledge mechanisms. - existing mechanism - [[Tithing]]: simple, but no feedback mechanism or enforcement - [[tax]] (Taxes): funds public goods, but top-down resource allocation - [[voting]] (Voting): means of signal aggregation, but needs UX improvement - [[(the) market (as a concept)]] (Markets): suitable for capital allocation for private goods, but not for financing public goods - Web-Based Mechanisms - Secondary Funding ([[Quadratic Funding]]): more funding for democratically supported projects - Conviction Voting: A minority opinion can be proposed, and with time, it can be passed. - Retroactive Public Goods Funding: Rewards projects that have provided value in the past

  • New mechanisms and funding sources (Web-Based Category)

    • NFT: a major source of funding for public goods
      • NFT Art creates scarcity and enables artists to fund the creation of public goods
      • network resources (Network Goods): The more they are consumed, the more valuable they become.
      • Open source software, for example, falls into this category.
      • effective altruism (Effective Altruism): rank the influence of causes and donate to the most influential causes
      • However, it has the drawback that its influence is difficult to quantify
    • HyperCerts: NFTing influence
      • Create a three-party market consisting of influence evaluators, influence issuers, and hypercert purchasers.

  • Other mechanisms

    • Augmented Bonding Curve: The curve is a curve that is used for bonding the bonding of the bonded material.
      • Enables single-sided markets and volatility financing for public goods
    • Dominance Assurance Contracts (Dominance Assurance Contracts):.
      • Incentives for proposers to organize and benefit from funding
    • Donation Mining (Donation Mining):.
      • Reward donors to encourage giving
    • Budget Box (Budget Box):.
      • Evaluate proposals pairwise and determine budget allocation
    • Futurism (Futurarchy):.
      • Vote and be rewarded based on the impact of your proposal
    • Stigmergy (Stigmergy):.
      • Indirect coordination mechanism. Can be applied to quadratic financing, etc.
    • Praise: Allocate tokens based on praise from peers
    • Demurrage: A mechanism by which the value of a currency decreases over time. Used to facilitate the circulation of currencies.
    • Proposal Inverter/Milestones: a mechanism to fund proposals. Multiple DAOs or individuals can fund the same proposal. Funds are released based on milestones.
    • Prop.house: a funding mechanism for Nounish DAOs. The community makes a proposal and the token holders vote.
    • Quadratic Voting: A voting method in which a voter receives the number of votes obtained by squaring the number of voting credits he or she has. Minority opinions are also taken into account.
    • Joke Race: a mechanism whereby the community proposes jokes and the redundancies voted on are funded.

  • Decentralized Identity and Web3Social

    • Opportunities: Discussed opportunities for mechanism design in Web3 space.
    • Holographic Consensus: a mechanism proposed by the DAO stack. Token holders place bets based on the likelihood that their proposal will be approved by the DAO.
    • Skeuomorphism: mimicking the design of old media in new media. Discusses the importance of non-skeuomorphic mechanisms.
    • Sortition: A mechanism to randomly select political representatives from a pool of candidates.
    • Aqueduct: a system for distributing funds among different public goods crowdfunding mechanisms.
    • Ranked Choice Voting: A method of voting in which candidates are ranked. The lowest-ranked candidate is eliminated and the votes are redistributed.
    • Staking/Slashing: A mechanism to confiscate (slash) staked tokens to ensure compliance with protocol rules.
    • [Proof of Work: A mechanism that performs computational work to prove a contribution to the network.
    • Sybil Resistance/Identity: A decentralized identity system to prevent Sybil attacks (attacks where one person creates multiple identities).
      • Decentralized Identity: Enabling One Human One Boat, Avoiding Plutocracy
        • Building a circle of trust by accumulating a positive reputation
    • Web3 Social & The Regen Space: on the potential of the Web3 social platform and the creation of a regenerative economic zone.
      • Web3Social: Shifting attention to Web3Social enables innovation in mechanisms
        • Give individuals ownership of the social graph and increase interface forkability

  • Possibility of better collective knowledge and regen web 3

    • Better collective knowledge leads to better commons resource allocation
      • Can be achieved by improving current mechanisms and introducing new mechanisms
    • RegenWeb 3 could be a huge $25 trillion market
      • More effective use of funds that are being spent inefficiently by government and non-profit organizations
      • Renewable projects are likely to win in the long run

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