Layer of consensus building
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"A mechanism based on distributed consensus building" = Society is also politics that determines the current state of land to some extent. /emoji/twitter.icon In addition, I will release my thoughts that I have been thinking about recently. Blockchain... or rather, a "mechanism based on distributed consensus building" is society. It is a virtual society in which people with different ideologies and interests participate.
There are problems in society that can be solved by force and problems that can be solved by market principles. However, the principles of our society are to accumulate objections, deliberate, and improve through democratic procedures.
However, in the current world of crypto, decision-making is based on market principles. /emoji/twitter.icon If such a social process could be constructed to function fairly and efficiently using digital technology--it would be a very powerful tool for solving the complex and difficult problems of modern times. Whether it is blockchain or another tool, there is potential. I have such thoughts.
/emoji/twitter.icon Well, the current blockchain trend is more driven by market principles rather than discussions. However, there is a discussion about the governance function similar to a shareholder meeting in the context of DAO. We are thinking about whether there is a possibility of creating a scenario for some kind of social consensus formation beyond that. /emoji/twitter.icon The market determines the price and buyer. This layer decides who verifies the block and receives the reward. On the other hand, in a shareholder meeting, you vote on approval or disapproval of the agenda. Therefore, Layer of consensus formation is different. For example, Fractals incorporated governance for specification changes into the protocol, and the first The DAO adopted voting by governance tokens. I think these have functions that are different from pure markets in that they decide on issues by voting. I used the phrase "pure market" to mean that decisions are made solely by market principles without discussion. And if we can create and operate governance functions similar to a shareholder meeting that includes "discussion," can't we implement Democracy as an extension of that? This is the starting point of my thinking. Democracy in DAO