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More about Reputation
We believe decentralized, pseudonymous Reputation to be single-handedly the most important, missing parameter in a Web3 Community / DAO. Currently, cause of the lack of this parameter, DAOs (Decentralized, Autonomous Organizations) are neither Decentralized, nor Autonomous - as well as being quite disorganized.
By having a meritocratic, sybil-resistant, non-transferable reputation (that cannot be bought, nor manipulated), you can achieve three (3) things:
- 1.Meritocratic and natural emergence of structure: members of a community naturally take their Role based on their Skills and talent - not based on hierarchy, network, or personal wealth)
- 2.Participation-weighted voting: Users' decisional power based won't be based on governance tokens purchasable in the market = = based on their starting capital = = based on plutocracy. Members of a community will have a voting power based on how much they participated and contributed to a Community. In a measurable way.
- 3.Allocating and distributing Value: If the value of any Member's contribution is measurable, then DAOs can be truly self-sustainable, and allocate value properly - amongst their members, as well as for third-parties (i.e.: marketing, development etc) in order to grow their projects, and develop new ones.
- 4.Skill-Based, Profit-Sharing Economy A non-tamperable reputation can make Profit-Sharing and Meritocracy a standard, not an exception. Let's move from an Elitarian to an Egalitarian structure, just by participating in something we truly believe in.