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DASH = Digital Cash


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21 hours ago · 2 min read 0
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Governance based on decentralized reputation

on Apr 04, 2016 · 2 min read

I think DASH is more than just a currency, it is a decentralized collaborative organization (DCO) with its own currency. What is main metric of organization governance quality? Its progress rate. Progress means stable influence growth in relation to the outside world. Regular people would more likely use DASH in case of phenomenal power growth of its DCO, take USA and US dollar for example. Simplified this power can be measured by overall capitalization and members number.

I believe that in order to achieve effective decentralized governance the voting power of each individual should be tied to his/her contribution to the progress of DCO. How can we measure this contribution? We need some rating (score) here. It can be gained either by authorities (core team) in a centralized manner or by ongoing mutual evaluating each other. The second choice (decentralized reputation) is better for DCO, despite that it is harder to be implemented. Let's fantasize a little about possible components of such decentralized reputation (DR).

  • DASH collateral amount (an individual which buys and freezes some DASH rises overall capitalization and takes some risks. At the beginning of DCO growth it is very important component of DR).
  • Amount and quality of network services provided (masternode maintaining, mining, etc).
  • Amount and quality of software/hardware developed.
  • Amount and quality of publications, ads created.
  • Amount and quality of exhibitions, presentations participated in.
  • Amount and quality of lawyering and lobbing services delivered.
  • Amount and quality of partners founded, beneficial contracts made.
  • Amount of products bought via DASH. Business revenue via DASH.
  • Donation sent minus donation received in DASH.
  • Amount of new active members invited (referral program).
  • DashTalk reputation (and similar projects).
  • Age of contributing (time passed from the date of registration).
  • Other.

Guess we have big list here. We can argue about some items in the list or each item weight in integral score formula, but we definitely can come to a consensus about the formula eventually. This formula can be modified/improved trough DGBB (decentralized governance and budget system). Block reward could be distributed to individuals in proportion to their integral score of DR. 10% of it could be delivered directly to DGBB as it is now. With further progress new subsidiary departments (ministries) of DGBB will likely to come. Individual voting weight will be based on different set (or different proportion) of DR components in each department. For example in Law/Lobby department the most powerful DR component would be 'amount and quality of lawyering and lobbing services delivered' and so on.

The main difference between DR and regular cryptocurrencies is that you can't send your DR scores to others, you can't buy or sell it. It is tied strictly to individuals (or IDs). As you can note in the current implementation of DGBB reputation is already used indirectly. Masternodes are more likely vote 'yes' for proposals made by core developers or other people, who has shown their commitment and qualification to the community already.

Interesting projects on this topic from Ethereum:


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