Discon 2018 Talk: DPOS and Governance. How on-chain governance may change the future of tokenomics.
I just noticed this tweet from EOSDenver and am excited to share with you my Discon talk which I mentioned a while back. It's 45 minutes and the sound is a little hollow (wasn't recorded through the mic I was holding), but I do think it's a lot of good content talking about the world DPOS (Delegated Proof of Stake) blockchains including BitShares, Steem, and EOS. I included a bunch of examples of projects on the Steem blockchain as well. As a witness, I think it's important for us to highlight the various amazing things happening here on Steem while also being connected to what's going on in the larger cryptocurrency space. I really enjoyed talking with people in Denver who are really into Ethereum and Cardano (Charles Hoskinson lives there, so I guess that's natural) and are just starting to get into EOS which is also opening their eyes to the value of Steem.
I try to add value to the ecosystem by explaining technical things in simple terms while also diving into some of the more philosophical aspects of the nature of money and why the cryptocurrency space is so disruptive.
If you'd like to view the slides, you can see them here.
Without further delay, here's the full talk. Enjoy!
Good morning, Luke,
(Maybe afternoon where you are? ;)
I'm glad I tripped over your presentation in my feed today. I've just listened to the talk you gave at Discon... BTW, I found it entirely intelligible, no real problem with the audio.
Where do I begin?
I value your video because I am a generalist, and have not taken the time to dive deeply into understanding blockchain mechanisms--yet--even though I am fascinated by and can clearly see the immense value of the space.
I've been here on Steemit for two years now, and have applied myself far more to content creation than to learning. What I have learned, however, has impressed me deeply... the speed of Steem transactions, scalability, frictionless and costless exchanges. During some deep economic need, I've even exchanged a little Steem for cash via some private global exchanges with others who wanted it. I've also exchanged some of my products for Steem, as well as spending some Steem to purchase other products. Amazing utility in the Steemit blockchain!
Until your talk, I did not realize just how important the account recovery mechanism is. Thanks for that.
I'm a survivor of MtGox, having lost far more than the friend you mentioned, and learned the very hard way how significant counterparty risk is. There is still some hope of at least a partial recovery.
I'm excited by your presentation, especially in the area of potential for collaborative teams and projects, with distributed governance. Just in the past few days, I've been contemplating the possibility of selling an enterprise that I've developed during the last decade. Your description of the beauty of a DAC governed, tokenomic organization has me wondering whether it might be possible to "sell" it to a collective, while retaining part ownership. I think the right group of owner/employee/consumers with the right combination of skills could ultimately move the enterprise into the future in a spectacular way.
Thanks for sharing an amazing presentation. As a fellow voluntaryist, I find myself standing up and cheering when you talk about the ability of these technologies to take power away from central "authorities."
😄😇😄
Have you got spies in The Hive <Joke.
Everything you have said in this video is everything I have said over the last 8 month. For the changes you say are possible. Physical world projects financed by the Crypto markets, and the possible changes in society. I also believe what we would like to represent takes control away from those the majority do not want to have control.
Hi @lukestokes. Thanks for posting the video presentation. I came across this post when researching about eosDAC. I enjoyed the historical perspective you gave and it was nice to see the evolution of the blockchains. I did have two questions 1) is eosDAC the only community run Block Producer for EOS , if so why do you think others have not started or copied the eosDAC approach? 2) If eosDAC is not one of the 21 EOS Block Producers why would someone want to invest in eosDAC tokens? Is there reason to hold or purchase eosDAC tokens if eosDAC doesn't get voted in as a block producer? I hope you see this question. One thing I don't like about Steemit is that great posts seem to get "stale" after the 7 days as people only want to vote on new posts. Cheers! ian
Thanks for your questions, Ian. I've found that my quality content still adds value to me (and others like you) long after 7 days, so I'm not concerned about that. They often lead to new followers and new votes in the future.
As to your other questions:
I can't speak for other BPs and their strategies, but I'd love to see more community run block producers. Maybe once we finish doing all the hard work of completely launching the DAC on chain and building the full DAC Toolkit, other BPs will take advantage of it and reorganize as DACs themselves. It's possible they don't want to do it (yet) because of the perceived risk of an untested model. It's also really hard. It's easier to centralize everything, take the BP reward money as your own, and do what you like with it.
eosDAC is a pioneer in terms of DAC enabling. If DACs are the future (and I believe they are), then eosDAC members (token holders who have registered) will be at the forefront of empowering and enabling the future. I imagine many new DACs will launch and airdrop on a community (eosDAC) who understands what it is they are building and want to support it. The BP revenue (even as a backup) is nice, but ultimately (to me) the token is about governance and owning a stake in the platform that launches the future. I imagine eosDAC will enable many different chains and enjoy rewards from them as well.
While we're talking, I should mention that registration is open right now at https://members.eosdac.io/
Hey thanks for the reply Luke! I find these are exciting times for DACs and I can't wait to see how this evolves. Yes I have registered my eosDAC. Cheers!
Ian
i enjoyed every single minute of the presentation luke. you're a huge inspiration for this young daddy...and steemian. thank you!!!! re steemed. -jake
I am agree with you
Nice post
I vote you
Next time you're in Colorado let us know @lukestokes, we are 1 hour south of Denver (:
Buenos día Excelente artículo. Saludos desde te invito visitar mi blog hasta luego