Maybe the Backfeed protocol could be implemented as an App on SAFEnetwork - that could be utilised by individuals and groups to support decentralised governance of anything from bitcoin to forum moderation, and SAFEnetwork itself of course
I imagine this could spin off discussions in various directions but we’ll handle that as it happens, so for now it’s a potential App!
@dallyshalla is this what you have planned for SAFEX governance? Feedback on interactions/contributions sounds very similar to what you’ve described - feedback on trades.
Maybe the idea could be incorporated in other apps too - such as @Seneca’s Decorum forum App?
I’m curious to know what @chadrickm of the Builder Hub App idea thinks. You there old friend?
The article concludes with an overview of the idea (quoted below) , after explaining the problem using recent squabbles over bitcoin blockchain and Mike Hearn’s blog resignation (keep those to the other topic please! ). If you visit the article you can read more via the two links it includes.
The governance idea seems fairly plausible and easy to understand, so it will be investing to see how it works on practice.
The Bitcoin Debacle - Making the Case for Decentralized Governance
…So it seems that all of these schemes do a very good job in decentralizing the technical contribution needed to keep the network up and running, but have very little to do with making decisions, improvements and progress. However, it should be self evident that every system that involves genuine people, as automated and well designed as it first may appear to be, will at some point require adjustments, all of which will most probably necessitate decisions, have consequences for various interest groups and be subject to criticism. All these decisions and adjustments do not only require means to form an informed conesus, they also require a compensation mechanism that encourages improvement and gains the attention of highly skilled professionals – and above all – a sybil proof scheme to keep the system truly decentralized.
But is that even possible? Could we play the same trick, PoW plays on computing power, on human contributions to an evolving organisation? Including assessment of value, establishment of consensus and compensation via cryptocurrency?
At Backfeed we believe that the answer to this question is yes, and we’ve developed exactly such a mechanism, which not by accident goes under the name Proof of Value, or PoV, about which you can learn here. But in order to implement such a system, especially in an environment like the Bitcoin community, you’ll first have to convince those concerned that humans are capable of achieving consensus just as machines are. Luckily, there’s an algorithm for that too.
The Idea here is not only to promote our own enterprise (which by itself is opensource and forkable), but to get the point across that you apparently can’t have a decentralized entity like Bitcoin, without incorporating in it an equally decentralized and flexible governance system that has the ability to assess the value of contributions to the system and compensate accordingly. But than again, you can of course have whatever you like, but the price, as Hearn stated so adequately, is violent discourse, coercion, and inevitable – an unproductive stagnation, if not much worse than that.
P. S. Interesting logo they’ve chosen
The following article looks like a quicker route to the meat of the idea: