...
Economists (such as Partha Dasgupta) have observed that smaller networks (rural villages, open source projects, academic journals) tend to rely on informal reputation, whereas larger networks (international finance, DEFI blockchains, social networks) tend to rely on formal and quantitative reputation capital.
Reputation Tokens
The examples above are all networks run by centralized authorities, which grant reputation for activity on their websites. This creates two problems: The centralized authority would need to invest significant time and capital before there is enough activity to find experts. Meanwhile the experts find their reputation or social capital tied up in another network, which could disappear or make changes that devalue the reputation they've earned.
In a decentralized network, reputation should be earned for activity anywhere and owned by the experts. That way the network would not need as much time and capital to start up, and the experts could control their reputation capital better.
For example, we could allow users to submit their blog posts, twitter, reddit, stackoverflow, etc. profiles or activity streams. Then the governing oversight committee could vote to grant them reputation tokens for staking on oracles or voting on DAO's.
Alternatively, we could post a series of questions about the topic on public forums and grant reputation tokens to the responses.
Use Cases
We can explore this further in use cases such as:
...
- Blockchain for Climate Action and the Governance Challenge brings up some other questions of governance for blockchain projects related to climate change.
Discussion Meeting
We will have an open discussion of this topic during a regular CA2SIG call.
When:
09/21/2021
8:00am to 9:30am
(UTC-07:00) America/Los Angeles
Where:
https://zoom.us/my/hyperledger.community?pwd=STZQd0xMZU9xRVVOVnpQM3JNQ2dqZz09
Join Zoom Meeting
https://zoom.us/j/4034983298?pwd=STZQd0xMZU9xRVVOVnpQM3JNQ2dqZz09
Meeting ID: 403 498 3298
Passcode: 475869