Please describe your proposed solution.
We propose to develop a Governance Hackathon platform to drive development of exceptional teams contributing to improvements in Cardano’s governance tools. Our first hackathon will focus on developing teams that are prepared to run a successful Voltaire Delegated Representative (DRep). The outcome of the effort will be both a platform for running hackathons which are responsive to Cardano ecosystem requirements and a group of teams prepared for Voltaire governance.
Our approach to governance is based on the principles of Democratic Pluralism which include:
- Democratic respect for individual rights of a person facilitated by self-sovereign digital identity;
- Plural values that utilize methods such as quadratic voting to assure that different communities within the Cardano ecosystem have a meaningful voice in decision-making;
- Sociocratic peer-to-peer circles so that groups of people can execute on projects in a manner that aligns vision and mission while allowing people and teams to have autonomy in how they contribute to the vision and mission.
These principles will guide how we develop and run the Governance Hackathon; however, hackathon participants will be encouraged to develop and communicate their own governing principles for management of a Voltaire DRep.. Each hackathon team will be required to complete a project that consists of:
- Developing a policy regarding how the team will make decisions regarding DRep voting.
- Develop a website that explains the vision, mission, and aims of the DRep.
- Registers on SanchoNet and begins testing their DRep capability.
There will be a committee of five individuals to approve participation for both voters and community members into the hackathon program. Both parties will be vetted to secure quadratic voting and will require one out of the following three requirements:
- Full KYC
- Proof of Humanity
- Verifiable Credentials
Hackathon participants will be required to complete their project prior to the Plural Voting to be eligible for selection to receive a funding award. The Plural Voting will be conducted using the methodology originally published in a series of publications by Glen Weyl, Eric Posner, and Steven Lally. As described in the Photrek led white paper on Democratic Pluralism, this method is unique in incentivizing voters to accurately report the marginal value of the project to them.
Plural Voting achieves accurate allocation of public funds and high-quality decisions by
- recognizing the individuality of people through requirements of secure identity and discounting of correlation in voting patterns;
- quadratic scaling of the price for a conviction vote, which incentivizes voters to accurately report the marginal utility of each choice;
- distributing equally the vote payments to all participants, effectively compensating the public for the service of allowing individuals to express the strength of their opinion.
References:
Nelson, et. al, “Democratic Pluralism: A White Paper on Cardano Governance”, Medium 2023. [https://medium.com/<member communityid="163" id="195347">photrek</member>/democratic-pluralism-a-white-paper-on-cardano-governance-c63389cd6d41](<https://medium.com/<member id='195347' communityId='163'>photrek</member>/democratic-pluralism-a-white-paper-on-cardano-governance-c63389cd6d41>)
Posner, Eric A, and E Glen Weyl. 2015. “Voting Squared: Quadratic Voting in Democratic Politics.” Vanderbilt Law Review 68 (2). https://scholarship.law.vanderbilt.edu/cgi/viewcontent.cgi?article=1176&context=vlr
Lalley, Steven P., and E. Glen Weyl. 2016. “Quadratic Voting.” Available at SSRN. https://www.aeaweb.org/conference/2015/retrieve.php?pdfid=3009&tk=BHDG8H2E