Coordination Mechanisms with Griff Green
https://www.youtube.com/watch?v=qyd7mvQmn5I
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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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