Joystream is a video platform

The Joystream Manifesto

Our Manifesto sets out both the problems we consider are associated with digital media platforms of their present kind in addition to our proposed resolution to those considerations.


We imagine that art, be it as literature, music, movie, video games or performance, is a crucial device by way of which societies set up a shared understanding of what is common knowledge amongst all members. These expressions outline values and narratives that find yourself shaping tradition, faith and even public coverage. It subsequently matters deeply how it’s financed, distributed and paid for.

Digital media has turn into the primary medium by way of which such expression is distributed, and digital media platforms have turn into the important thing institutions organizing this exercise.

Unfortunately, due to community results, economies of scale, laws and political pursuits, we’re today left with handful of massive institutions which set the phrases for how this occurs. They are virtually entirely unaccountable to regular market and political mechanisms.

As a result, our stories, expressions and interactions are managed and filtered on their phrases. This continues to generate an ever altering set of problems, be it rigid monetization, censorship of controversial speech, inequitable sharing of positive aspects with creators and viewers, low platform innovation or lack of credibility with third celebration builders.


We call for an association where media platforms are accountable to the folks they impact, which are primarily their users, be it as consumers, creatives, third get together developer or staff.

It is the absence of such accountability which is the fundamental source of any explicit downside at any particular time.


Our core thesis is that there are two fundamental challenges which have to be addressed to realize this goal, and that an appropriate utility of contemporary distributed methods technology, including blockchains, good contracts and tokens, is the best means to take action.

The Wedge

First is the question of the way to create another from scratch in the face of platform externalities which make any new platform nearly useless, regardless of any of its inherent traits. The strategy of doing this kind of bootstrapping has traditionally been largely an artwork, where success has hardly ever been reproducible.

We imagine that blockchain tokens, earned by and issued to early participants, have been shown to be extraordinarily efficient at mobilizing, integrating and motivating an international and dynamic neighborhood.

This has now repeatedly allowed nascent communities, just like the Bitcoin neighborhood, to beat the initial community impact hurdle. There is no certainty that this might be adequate, but we imagine this mechanism is as promising as anything which is more likely to have an opportunity in a very long time.

Accountability at scale

Second is the question of the way to create and sustain accountability in such a platform when it actually reaches scale.

We perceive there to be two fundamental ways in which members can maintain institutions of any sort accountable: Voice and exit, within the tradition of Hirschman A. O.


Voice is the strategy of making an attempt to enhance or reform the functioning of an institution from within. The effectiveness of this depends on some capability to each share reliable data with different members, and have some influence on inside governance processes. Current media platforms provide customers no effective method of doing either.

We consider that blockchains provide an organizational and economic infrastructure which may handle both problems. The public, verifiable and immutable historical past of economic and administrative information, offers a wonderful foundation for users to know the present and previous state of the platform. This allows anybody to make incontestable claims about related facts and circumstances.

Further, blockchain tokens permit us to make use and management of a platform inseparable, giving users an automated seat on the table in deliberating over platform level decisions.

All that’s required to determine, train or switch the capability to take part in such exercise, is the flexibility to signal messages with identifiable cryptographic keys. Perfectly reliable contracting gives a big, dynamic and unrestricted set of users the means of governing the platform. This can serve a variety of functions, such as enterprise projects, regulating participation in numerous formally specified roles, or even updating the institutional rules themselves. This integration of dependable contracting into the economic rails offers an organizational infrastructure far more consistent with our aims of inclusive control than the traditional jurisdictional belief based mostly infrastructure.


Exit is the strategy of entirely ending participation in an establishment in favor of either becoming a member of or creating another. The effectiveness of this depends on prices of leaving, and either joining or creating an alternate, all being low in comparison with the deprivation in the present establishment. This is currently not the case.

By constructing platforms primarily based on free open source software, open protocols and open knowledge — as is the case with Blockchain systems, one dramatically lowers these costs. Since users control their very own information, identity and property, they’ve a much easier time becoming a member of new platforms, and even taking their friends with them.

Open protocols and data will make multi homing interfaces abundant, the place users could not even need to change, however instead use a number of platforms simultaneously, which encourages platform degree competitors.

Even more dramatically, reliance on open supply means that all the software program capital of a platform can easily be reused, and for the reason that whole organizational state can also be public, entire ecosystems may be forked to create new different platforms with modified policies and objectives.

By : Indah Emil /June 11, 2013 /Uncategorized /Comments Off

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