Joystream token

The Joystream Manifesto


Our
Manifesto sets out each the problems we believe are related to
digital media platforms of their current type in addition to our proposed
resolution to these concerns.













Problem

We
consider that art, be it as literature, music, movie, games or
efficiency, is a critical software via which societies set up a
shared understanding of what is widespread knowledge among all members.
These expressions define values and narratives that find yourself shaping
culture, religion and even public policy. It therefore issues deeply
how it is financed, distributed and paid for.

Digital media has turn into the primary medium via which such expression is
distributed, and digital media platforms have become the important thing
establishments organizing this exercise.

Unfortunately,
because of community effects, economies of scale, rules and political
interests, we are today left with handful of massive establishments
which set the terms for the way this happens. They are almost entirely
unaccountable to normal market and political mechanisms.

As
a end result, our stories, expressions and interactions are managed and
filtered on their phrases. This continues to generate an ever changing
set of issues, be it

inflexible
monetization, censorship of controversial speech, inequitable sharing
of positive aspects with creators and viewers, low platform innovation or lack
of credibility with third celebration developers.

Goal

We
name for an association where media platforms are accountable to the
individuals they influence, which are primarily their users, be it as
consumers, creatives, third party developer or employees.

It
is the absence of such accountability which is the basic source
of any specific problem at any explicit time.

Thesis

Our
core thesis is that there are two fundamental challenges which have to be
addressed to attain this aim, and that an appropriate application
of up to date distributed systems technology, including
blockchains, good contracts and tokens, is the proper means to take action.

The
Wedge

First
is the query of tips on how to create an alternate from scratch within the
face of platform externalities which make any new platform almost
useless, no matter any of its inherent characteristics. The
means of doing this sort of bootstrapping has historically been
principally an artwork, where success has not often been reproducible.

We
imagine that blockchain tokens, earned by and issued to early
participants, have been shown to be extremely effective at
mobilizing, integrating and motivating a world and dynamic
community.

This
has now repeatedly allowed nascent communities, just like the Bitcoin
neighborhood, to overcome the initial network effect hurdle. There is no
certainty that this might be enough, however we believe this mechanism
is as promising as something which is more likely to have an opportunity in a
very long time.

Accountability
at scale

Second
is the query of how to create and maintain accountability in such a
platform when it truly reaches scale.

We
perceive there to be two basic https://www.joystream.org/ ways that members can
hold institutions of any type accountable: Voice and exit, within the
custom of Hirschman A. O.

Voice

Voice
is the approach of making an attempt to enhance or reform the functioning of
an institution from inside. The effectiveness of this is determined by some
capacity to both share dependable data with other members, and
have some impact on inside governance processes. Current media
platforms provide customers no effective means of doing both.

We
imagine that blockchains present an organizational and financial
infrastructure which might address each problems. The public,
verifiable and immutable historical past of financial and administrative
records, provides a wonderful basis for users to know the
current and past state of the platform. This allows anyone 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 computerized seat at the table in
deliberating over platform stage decisions.

All
that is required to establish, exercise or transfer the capability to
participate in such activity, is the ability to signal messages with
identifiable cryptographic keys. Perfectly dependable contracting provides
a large, dynamic and unrestricted set of customers the means of governing
the platform. This can serve a variety of functions, corresponding to
enterprise initiatives, regulating participation in different formally
specified roles, and even updating the institutional rules themselves.
This integration of dependable contracting into the financial rails
provides an organizational infrastructure much more in line with our
aims of inclusive management than the normal jurisdictional trust
primarily based infrastructure.

Exit

Exit
is the approach of entirely ending participation in an institution in
favor of either becoming a member of or creating an alternate. The effectiveness
of this depends on costs of leaving, and either joining or creating
an alternative, all being low in comparison with the deprivation within the
current institution. This is currently not the case.

By
constructing platforms based mostly on free open source software, open
protocols and open data — as is the case with Blockchain
methods, one dramatically lowers these costs. Since customers management
their very own data, identification and property, they have a a lot easier time
joining new platforms, and even taking their friends with them.

Open
protocols and information will make multi homing interfaces abundant, where
customers may not even want to change, but as an alternative use a number of platforms
concurrently, which inspires platform degree competitors.

Even
more dramatically, reliance on open source signifies that all of the
software capital of a platform can easily be reused, and because the
complete organizational state can also be public, entire ecosystems can be
forked to create new alternative platforms with modified policies and
goals.

By : Indah Emil /June 15, 2013 /Uncategorized /Comments Off

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