Cardano Governance : From Open Corporation to Digital Nation

Cardano Governance: From Open Corporation to Digital Nation, Catalyst After Town Hall 9th August 2023. Hosted and facilitated by Kenric Nelson & Stephen Whitenstall,

Video

Links

Document - https://docs.google.com/document/d/1T...

Sociocracy - basic concepts and principlesSociocracy For All

Timestamps

Welcome & Introduction - Kenric - 00:05

Cardano Governance Report - 02:19

Discussion volunteers - 03:20

(Impromptu sociocratic circle)

Sociocracy primer - 05:50

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Check-in Round

Check-in Round - 06:25

Kenric - Check-in - 06:45

Ed - Check-in - 07:00

Jose - Check-in - 07:12

Sean - Check-in - 07:49

Murmoz - Check-in - 08:10

Felix - Check-in - 08:39

Johnny - Check-in - 08:58

Stephen - Check-in - 09:14

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Runsheet

Runsheet - Stephen - 09:47

Subject Areas - 10:08

• Open Corporation or Digital Nation?

• Cardano’s centralized governance plan and its consequences

• Assuring transition to a Digital Nation

• Layered defense for Sybil resistance

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1) Open Corporation or Digital Nation?

1) Open Corporation or Digital Nation? - 10:39

Pointers - 11:00

(Characteristics of an Open Corporation. Publicly owned but also publicly managed ? Characteristics of a Digital Nation. Centrality of citizenship rather than ownership) Introduction - Kenric - 11:20

Definition of citizenship - 12:00

(Model of ownership not citizenship)

(Disconnect between aspiration and implementation)

(Open corporation as a model)

Contrast between Open Corporation & Digital Nation - Kenric - 14:04

3 models to think about - Ed - 14:20

(Plutocratic, democratic, pluralistic)

(Nature of Digital Identity) Voter Alignment - Sean - 16:24

(Mint value as an NFT) Questions - Kenric - 17:39

Not possible to achieve either way - Murmoz - 18:08

(more collaboration and knowledge required)

Open Corporation and Digital Nation not necessarily competing - Jose - 19:49

(Common purpose) (More of an evolution)

Setting up organization and systems - Felix - 22:00

(neglecting individuals) (highest governance is not needed)

Take a middle of the road approach - Johnny - 23:36

(governance is an overloaded term) (decision rights frameworks)

Pillars of Voltaire (on-chain governance, institutions, constitution, democratic consent) (Minimum viable governance)(network state) (dichotomy of comparison)

Minimum viable for who ? - Johnny - 26:45

False dichotomy - Stephen - 27:16

Transition to decentralized corporation not a network state ---------------------------------------------------------------

Participation - Kenric - 27:48

2) Cardano’s centralized governance plan and its consequences

2) Cardano’s centralized governance plan and its consequences - Kenric - 28:26

How boundaries of corporate ownership impact control - 29:20

Complex systems have tendency to centralization - 31:20

(Preferential attachment)(Preference for highly connected nodes) (differential influence on delegation)

Questions ? - Stephen - 33:08

Whether dRep program will tend to concentration or decentralization ? - Kenric - 33:42

(Small ADA holders have more influence if they delegate to large pools)

Centralization is what will naturally happen - Murmoz - 35:16

(How to make sure dReps function properly regardless of centralization) (Central entities must be best representatives)

Centralization possible if left unattended - Jose - 38:00

(limited span of attention)(selection of what is familiar) (Central nodes colonize minds of everyone)

Centralization can be avoided with right incentive and identity structures - 39:15

Social incentives - Felix - 41:01

(Technical layer decentralized)(Social layer centralized) (Same mindsets team up)(More centralized and politicized)

Structure of Voltaire leading to centralization or decentralization ? - Stephen - 43:00

Compared to what ? - Felix - 43:13

Skin in the game - Johnny - 43:24

(Enlightened self interest)(effective altruism)

Effective altruismWikipedia

(Easy for proletariat to have good intentions with other people money)

Fallacy of network state - 44:10

Network state metrics "number go up"- 44:45

(Skin in the game & enlightened self-interest)

Plutocracy and self-interest - 45:16

(Divide between enlightened self-interest and proletarian collectivism)

F10 "Agency Theory and Skin in Game" proposal - Stephen - 46:06

(https://cardano.ideascale.com/c/idea/...)

(Other dimensions of stake)

(Contribution, reputation and digital identity)

(Michael Sandel's "The tyranny of merit", 2021)

Minimum qualifications for dRep - Ed - 47:52

(CIP-1694 - dRep can simply be a wallet address)

(Unique ID requires centralized process)(e-citzen process)

(Representative reputations) dRep as a DAO - Stephen - 49:42

(composable representation) Stephen - 50:15

Recap - Kenric - 50:15

Creative tension between decentralization & centralization - Diveshan - 50:46

Open society innovation program - 51:40

Social Graphs rather than token inputs - 52:25

Social graphWikipedia

Connection with real experience - 53:01

(Stakeholder mapping and alignment)

People will break technology - 54:41

Not ready for Voltaire - Seamoss - 55:40

(Assumptions about Identity)

(Engineers too lost in how it works)

3) Objections to a DID solution

Importance of Identity - Kenric - 58:00

Digital Identity (DID) should be part of minimum viable governance - 1:00:51

Objections to a DID solution - 1:02:10

DID too vague - Ed - 1:03:00

(What is the minimum credential a dRep needs ?)

(Proof of unique personhood)

What is the need for anonymity? - Murmoz - 1:04:00

Not a binary choice - Jose - 1:06:07

(Resistance to security threats)

In-between solution - Jose - 1:06:58

Identity limits people - Felix - 1:08:57

Too much emphasis on personality - Johnny - 1:11:07

(Zero knowledge voting systems)

(Judge by voting record)

Holistic view of Cardano - Johnny - 1:12:40

Technocratic governance - Stephen - 1:15:05

Closing remarks - Kenric - 1:16:19

(Inviting contributions)

(Lack of separation of governance)

AI solutions - Sea moss - 1:20:40

(Unique personhood)

4) Close out round

Feedback - 1:25:38 (Dynamics of meeting)(Need for information)