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The Darwin of DAO

by | Jun 15, 2016 | dao, merkle

While we have considered DAO’s as a base for a stable democracy, it is apparent that they can serve as a base for any computation. Further, given the persistence of a successful DAO (the DAO for Bitcoin has persisted since January 3rd, 2009), it seems inevitable that...

The End of the World Problem

by | Jun 15, 2016 | dao, merkle

A problem that might occur with prediction markets and governmental policies might be described as the End of the World problem. Suppose we are evaluating a policy that is very good, but has the small problem that is has a 20% probability of causing the end of the...

Electing the President

by | Jun 15, 2016 | dao, merkle, platform

Most democracies have an Executive Officer, such as the President of the United States, typically elected either directly or indirectly by the people. In a DAO Democracy, assuming we retain the Executive Branch in more or less its current form, the simplest approach...

Membership

by | Jun 15, 2016 | dao, merkle, platform

Another problem with evaluating collective welfare is membership in the collective: who do we add and who do we remove? We consider criteria that are suitable for membership in a nation (in contrast with membership in the local chess club, or a student in a school, or...

Trading Democratic Collective Welfare

by | Jun 15, 2016 | dao, merkle, platform

We now give an example of how to buy and sell DCWi in a prediction market. First, a trader purchases a pair of conditional bearer bonds from a bank for $1 in the year 2016. The first says “Pay to bearer $1 times DCW2016” The second says “Pay to bearer $1 times...

Democratic Collective Welfare

by | Jun 15, 2016 | dao, merkle, platform

– Ralph Merkle State of Satisfaction.   Annually, all citizens are asked to rank the year just passed between 0 and 1 (inclusive). If you wish, you can think of this as a poll of each citizen’s individual welfare, where 0 means the welfare of the citizen that...

Governing by Prediction Market

by | Jun 15, 2016 | dao, merkle, platform

– Ralph Merkle Futarchy, proposed by Robin Hanson, is a proposal to govern by prediction markets. The proposal seems like an excellent approach for improving upon existing democratic forms of governance. The general concept: To aggregate knowledge from across a...

Archimedes

by | Jun 14, 2016 | tax

– by Mark Twain “Give me whereon to stand”, said Archimedes, “and I will move the earth.” The boast was a pretty safe one, for he knew quite well that the standing place was wanting, and always would be wanting. But suppose he had moved...