CIP — 1694: Can Decentralized Communities Make Superior Decisions?

Cardano Improvement Proposal — 1694: Can Decentralized Communities Make Superior Decisions? After Town Hall Discussion hosted by Kenric Nelson (Photrek) and Stephen Whitenstall (QADAO)

—————————————————————————————– Medium Article – https://medium.com/@photrek/cardano-i… Cardano Forum Summary from Nicolas Cerny – https://forum.cardano.org/t/cardano-g… —————————————————————————————–

Timestamps

Introduction – Kenric – 00:00

Sociocracy Techniques – 02:19

Active respondents volunteer to participate – 02:30

Background – CIP-1694 – Community Governance – 05:16 3 components to the proposed governance – 06:53 Earlier Photrek Research on One Coin One Vote (1C1V) – 07:38 Different Issues effecting Decentralizatised Communities – 09:04 Screen Share – Medium Article – 09:37 Graphs from presentation – 10:30 Dominance of Whale Holdings – 10:40 SingularityNET Deep Fund – Round 2 Voting Analysis – 13:01 Quadrant of DAO Threats – 14:08 Stake Pool Operation is not 1C1V – Why choose it for dReps ? – 15:10 ——————————————————————————————————————- Questioning Round – 16:34 Ubio – 1) How does decentralization effect value in blockchain ecosystems ? – 17:20 Ed – 2) Can dRep stake limits mitigate plutocratic influence ? – 19:08 Eystein – 3) Does Quadratic voting matter more compared to how funds are spent proportional to ownership ?- 21:30 Ken – 4) What is the balance of power between different governance groups & what offsets undue influence of a particular party ? – 22:04 Responses – 23:46 Eystein’s question – Decision parameters – Should Quadratic voting be applied in all or some cases ? – Kenric- 24:13 IOG response – Any other solution than 1C1V requires a identity solution – Kenric – 25:30 IOG prioritizing fundamental decentralization – Stephen – 27:30 Other Questions – 28:23 Response – Ubio – 1) How does decentralization effect value in blockchain ecosystems ? – Kenric – 29:53 Context – What value do Blockchains bring ? – Stephen – 32:04 ——————————————————————————————————————- Group Responses – 33:22 Centralization of power through process of 1C1V- Kenric – 33:44 Unstable power – Eystein – 33:50 Fluctuations in wealth will change who is in charge – Kenric – 34:24 Identity and Accountability – Kenric – 34:42 Is equal power given to all members of a community is a good thing? – Ubio – 36:26 Weakness of democracy (1 Person, 1 Vote) in decentralized blockchains – Kenric – 37:17 Measure of “Stake in the Game”- Kenric – 38:18 ——————————————————————————————————————- Quadrant of DAO Threats – Kenric – 39:12 Government regulations that attack system & its operating ability – Kenric – 40:36 Centralized competitor makes decisions that diminish value – Kenric – 42:38 Overbearing bureaucracy that restricts individual autonomy – Kenric – 43:33 ——————————————————————————————————————- Is this framework useful ? – 45:22 Role of Binance as a threat – Ubio – 46:11 Importance of staged approach – Ed – 48:20 Large range of identity options – Ed – 49:47 Community needs more voting methods – Eystein – 51:38 Clarify use of governance actions. Different incentives alter voting behavior ? – Ken – 53:05 Heterogeneity of decision-making – Stephen – 54:52 Time to voice community opinions ? – Ken – 56:20 ——————————————————————————————————————- Community response to CIP-1694 ? – Kenric 56:37 Who is the Federation ? – Jonathan – 59:39 Recommendations to modify CIP-1694 – Kenric – 1:07:49 1) Constitutional Council based on sociocratic principles. 2) dReps’ should be Quadratic voting. 3) Saturation / limit on multiple stake pools. Support Quadratic voting for dReps – Ubio – 1:08:40 Role of Stake Pools in CIP-1694 ? – Ed – 1:10:00 Tripartite nature of governance – Kenric – 1:10:41 Mechanisms of social pressure – Eystein – 1:12:07 Challenges of DIDs – Ken – 1:14:19 What credentials do we need & who do we trust to issue them ? – Ed – 1:16:08 Interests of community versus other stakeholders – Tegegne – 1:19:06 What is the purpose of the DID in this context ? – Ken – 1:22:26 Hybrid methods – Ubio – 1:24:06 Diversity of decision making – Kenric – 1:26:12 What is the commons ? – Stephen – 1:27:34 Next steps – Kenric – 1:28:43 dRep credentials – Ed – 1:30:15 Demonstrate how quadratic voting is better – Eystein – 1:32:05 Voice our concerns – Ubio – 1:35:33 CIP Editing – 1:36:22 Conclusion- 1:39:13