Weekly Review
Strive to integrate, rather than to centralize. They are similar functions but not identical. Understanding this difference shows us the way to come together without creating opportunities for the concentration or abuse of power. Integration is about reconciling disparate elements in a system, so that each organ is fully operational, able to achieve its purpose and better positioned to exist symbiotically with its neighbors, in harmony.
Centralization is about focusing command privileges in one primary sector and enabling control over the rest of the body politic. In ancient Rome, dictatorships were a part of an emergency protocol. Usually, they were only awarded to particularly talented consuls or generals in times of societal duress when quick decisions had to be made to protect the Republic from danger. And even then, the time was usually limited to a year because of concerns that such a concentration of power would corrupt the sensibilities of even the most gifted and sublime of human leaders. Humans are flawed and eventually such a system will devolve into a tyranny as has happened many times on the stage of history.
DAOs offer us the possibility of automating governance based on code, thus bypassing the susceptibility towards corruption of human governments to date. Yet we can also say that computer code, though more inflexible, and essentially more logical and ‘trustworthy’ than humans, is also imperfect. This is because abstract forecasting and scripting of potential situations will always be a step behind the dynamism of an evolving reality. You can plan all day for all imaginable attacks but it is only the ones who can “use the Force” in the moment to sometimes resolve dilemmas and disputes. This fact ensures the longevity of human based integration with newer forms of AI and automated governance.
In the original example that we have of automated DAO governance from 2016, when a hacker drained $50 million in ETH from the treasury of “The DAO,” no one could prevent what was essentially an exploited flaw in the code of the governance contract of the DAO. The situation caused a massive controversy resulting in a hard fork of Ethereum, and a situation that threatened the future of the burgeoning web3 movement emerging from Ethereum’s more versatile blockchain capacities over Bitcoin. Camila Russo gives an excellent analysis of this situation in her brilliant book The Infinite Machine.
The takeaway is that until these kinks are worked out, it remains necessary for there to be a layer of integrated human functioning. This is where Community governance enters the picture. By scripting into governance models the ability of an organic community to nullify malevolent attempts to exploit loopholes in current coding algorithms, the inflexible nature of a code iterating perpetually, can be headed off by a veto mechanism.
This week at Community DAO, we continued to develop a structure for governance, based on the issuance of a new sub-asset known as the C0MM/CLUB token and an NFT membership card that is redeemed at certain price levels.
So, we would strike the C0MM/CLUB as a sub asset off of C0MM like we did with the C0MM/1, and then list that at a base rate of $50 per CommClub token. This would be the governance token of CommDAO, and people would have to buy them to get them. I am thinking to mint a non-reissuable supply of 8,000,000,000, since that is roughly the population of Planet Earth currently.
Eventually, we seek for every person on the planet to have 1 vote in The Community. Obviously, this is not currently realizable, but it offers an ideal and a vision for a worldwide decentralized community, truly of global proportions. It is a symbolic act, which can be a powerful method of garnering support. CommDAO is intended for everyone on Earth one day, and so on. People may buy as many as they want and each one equals a vote. They may give them away, sell them, or keep them. If you buy 1, you get into CommClub Blue; 2, you get into CommClub Silver; 3, you get into CommClub Gold. If you buy 4 or up to 15 CommClub tokens, you get into CommClub Ruby. And if you buy 16-40+ or more CommClub tokens, you get into CommClub Emerald. There is a connection to membership and ownership of CommTower here, but this could be a base structure for governance regardless of what stage CommTower is at. We would also accept RVN which may attract the RVN mining community which would have vast stores of RVN piled up already.
CommDAO will then have a governance based on the integration of a bicameral structure. There is the numerical majority “house” manifested in holders of CommClub tokens and whatever majorities manifest there. Then there is the diversity of interest/concurrent majority “house” signified by the Triumvirate, composed of founders/curators and a variety of contributors. Both houses must be in agreement to pass any proposals or make changes. That way there is always an element that can offset a 51% numerical majority, or whale takeovers or any malevolent action aimed at hijacking CommClub.
We are building a new governance model for planet Earth based on the integrative mechanism of “The Community,” as superior to the nation-state or other socio-political configurations. Our currency provides economic circulation, voting, messaging lines and a protocol generator for any and all projects. We are building a new civilization on the foundation of The Community.
CommTowers are “lightning rods” at the convergence of communication networks in every city on the planet. And thus, the CommTower in Sky City acts as a sort of capitol or headquarters (HQ) for CommDAO activities and communications. It is a property that is universally accessible to anyone on the planet who is able to get online and join CommClub. There are various avenues of interacting with CommDAO- twitter, discord, and, on a more invested level, thru the CommClub access point in the Epicenter of Sky City, a major economic hub of the evolving metaverse landscape.
Also, this week at CommDAO we continued networking within the Ravencoin and Real Estate tokenization communities. On Saturday, I attended the Braveland Campus “Gems on the Beach” Community Circle with other leaders and project managers currently building protocols on the Ravencoin blockchain, in order to share our progress in reports to one another. You can review the event here:
In addition, I was invited to be the guest speaker of the weekly BRIKbc Twitter Space. The recording of that event can be accessed here. This turned out to be a rather spectacular discussion and I would recommend that anyone trying to understand our organization, BRIKbc, Real Estate Tokenization, or Ravencoin, should listen to gain some valuable insights from our spontaneous interactions. This is a good show!
On the Alterverse front, we continue to see explosive growth and new partnerships lining up right and left. An interesting new “AVTV” video reporting series has popped up on youtube.
For those who may not know, there is actually a legend and story behind Alterverse and Sky City:
“As the story goes: when astrophysicist Dr. Ally Puckmere accidentally created a mysterious wormhole, he and his team decided to build a high-powered spacecraft to travel through it. To their amazement, what they discovered was quite incredible: an alternate universe with habitable planets, which they named AlterVerse.
The first Sky City was built on a planet called Aureus, where the early pioneers decided to make their home. But because the atmosphere was too heavy on the planet’s surface to easily breath, towering platforms (called "HaloSpheres2) were built high in the sky.”
Sounds like the perfect place to build a new world and that is why we have chosen to erect the Commtower in the Alterverse.
ESCAPE TO SKY CITY!
Over and Out,
Dow Dao
Stats
Twitter Followers: 1,137
Discord Members: 413
Alina’s Alignment
How Decentralized Organizations Are Changing Business and Life as We Know It
In a world where technology is changing at an accelerating pace, the way we work and interact with each other is going through a major transformation.
This has enormous implications for how we live, work, and play. It can reshape our organizations and communities and the way we think about ourselves.
The Three Pillars of the Decentralized Organization Economy
The Decentralized Organization Economy is the next evolution of business. It is a convergence of technologies, techniques, and practices. The decentralized organization economy is built on three pillars:
Decentralized organizations are based around open-source technology that enables collaboration, transparency, and trust.
The world's workforce will be tokenized, creating ownership and reward for everyone involved in a particular project or initiative.
Decentralized organizations will operate as a network of blockchain-based autonomous companies that can quickly scale up or down depending on the needs of each individual project, without having to worry about outside interference from centralized authorities like stockholders, banks, and governments.
The ability to set up a company without having to go through red tape means that we could see an explosion of new businesses forming. This means that there will be not only more competition for traditional companies, but also more jobs being created by these new ventures.
The Technology Behind Decentralization: Blockchain
The blockchain is a decentralized, digital ledger that records transactions across many computers. It's the underlying technology behind cryptocurrencies like Bitcoin and Ethereum, and it has the potential to fundamentally change how we work and interact.
Decentralized organizations are companies that use blockchain technology to distribute power. Blockchains give control back to the people who create value, not the people who own capital.
There are two main ways that blockchain technology enables decentralization:
Decentralized consensus algorithms — This is how decentralized organizations can agree on who gets paid or how much they get paid, without anyone having control over their finances or decision-making process. This is the most important part of any blockchain system because it allows users to make decisions without having to trust each other or anyone else with their money or personal information.
Smart contracts — This is how decentralized organizations can automate many processes, so they don’t need humans involved at all times to keep track of everything that needs to be done in order for them to operate smoothly.
In addition to being a way of storing data, blockchain is also a way of distributing power. Today's centralized organizations are made up of a small number of people who hold all the power — they control what decisions get made and who gets paid. They're also vulnerable to corruption and fraud because there's only one point of control.
Decentralized organizations don't have this problem because they don't have one central authority figure or place where decisions are made. Instead, they use distributed ledgers to record transactions across many computers in such a way that no single person or group can change or manipulate them without everyone else knowing about it. This makes it much harder for anyone to cheat or steal from others.
In a traditional company, the CEO is responsible for making all the major decisions, but in a decentralized organization, there's no single person in charge. Instead, there is an open-source community that helps guide the project.
Blockchain and the Future of Work
Blockchain will make it easier for people to work remotely from anywhere in the world, which means that companies won't need as many offices or employees on staff. Instead, they'll use apps and platforms to connect with freelancers who will provide their services on demand.
That's not just good news for workers — it also means companies can scale up quickly without taking on extra staff or building new offices. It also makes sense for customers because it gives them access to more skilled workers at lower costs than traditional employment models allow.
Governance is going to play a huge role in how blockchains are designed and how they operate. The future won't look like a hierarchical organization chart with one person at the top making all the decisions. Instead, it will be a networked structure that relies on collaboration and consensus-building among stakeholders.
Conclusion
The blockchain is one of the most powerful tools we have to change how we do business and live our lives.
We're moving from a world where value is located in institutions to a world where value is created by individuals. New business models will emerge to enable us to capture value independently of centralized gatekeepers.
The decentralized organization isn't just a new way to run businesses or create products — it's also a new way of working together as people, creating networks that are more flexible, resilient, and equitable than anything we've ever seen before.
Ambassador Report
To withstand the pressure of everything odd, trust is needed. That is what The Community DAO has come to display by connecting Web3 to the real world. In the process of doing that, we have got a team of evangelists who have devoted themselves to promoting our news and publications on different social media platforms. We are the marketing team, and our wish is for the actualization of the aim and goals of The Community DAO. Below is our leaderboard for Week 16.
Leaderboard/Ranking
Rank Twitter username
Banacubana
Dani_BeeHive
Alochinonye
Yhuddee111
Kirton Call
Kirton Call is a weekly roll call of key news outlets, researched components, and comments surfacing through newspapers, magazines, and a variety of online media channels to provide periodic “freeze frame” excerpts of the state of the world economy and community in tech sectors relative to developments in web3 and cryptocurrency circles…Hosted by Pamela Kirton, a news anchor based in Charleston, SC.
“Tech’s Decade of Dominance Over the Stock Market Ends” - from the Wall Street Journal 6/9/22
Big technology stocks are in the midst of their biggest rout in more than a decade. Some investors, haunted by the 2000 dot-com bust, are bracing for bigger losses ahead…said the decade-long era of tech-dominance in markets is coming to an end. Value investors, who buy stocks that are cheap on measures such as earnings or book value, are taking a victory lap after a long-awaited resurgence in shares of companies such as Exxon Mobil Corp., Coca-Cola Co. and Altria Group Inc…
To many investors, the bets against tech and the months long turmoil in the market echo the dot-com bubble of 2000, when the frenzy surrounding companies that later went bust caused losses for investors big and small. Then, the allure of technological innovation combined with low interest rates spurred a rush into Internet stocks. When the bubble burst, the Nasdaq Composite declined almost 80% between March 2000 and October 2002…
Still, some investors and analysts remain confident that tech’s dominance isn’t over just yet. The ratio of bearish put options to call options on the Technology Select Sector SPDR fund, or XLK, has been elevated, a contrarian signal that suggests the worst might be over for the sector, according to Jay Kaeppel, an analyst at Sundial Capital Research…
“We discovered that things just don’t go straight up,” said David Eiswert, a portfolio manager at T.Rowe Price. “You can’t just buy a basket of tech stocks. You have to differentiate. Mr. Eiswert said he thinks some tech stocks, such as Amazon, look attractive after their recent declines and that he might increase his exposure to the group.
[by Gunjan Banerji]
From Time June 6/ June13…
“Why Does Bitcoin Keep Crashing?”
Bitcoin took a brutal fall in May, with the value of each unit dipping below $30,000 for the first time since July 2021. The world’s largest cryptocurrency is now worth less than half of what it was last autumn.
Other cryptocurrencies, like Ether and BNB, have seen similar falls. Some experts are now warning of a “crypto winter,” in which the sector’s astonishing growth is replaced by an extended period of contraction.
Recently, general financial markets have been unsettled by Russia’s invasion of Ukraine, which has exacerbated inflation and supply-chain issues and increased oil prices.
Slowed growth in China amid COVID-19 outbreaks there is also contributing to financial anxiety.
Inflation led the Federal Reserve and other central banks to raise interest rates, which has led to decreased spending.
The volatility of Bitcoin and other cryptocurrencies is part of their very appeal to many speculators, who hope to make money at rates far faster than what’s possible with normal stocks. But with the promise of a boom also comes that of the bust. Since Bitcoin’s inception in 2009, there have been several major bear and bull cycles, with short-term investors alternately flooding the market and then losing interest.
Crypto’s struggles were gravely exacerbated by the failure of a stablecoin called TerraUSD (UST), a $60 billion project that critics are calling a ponzi scheme. UST was designed to always be worth $1, but sank to as low as 6¢ as holders panicked and sold off their tokens en masse in a pseudo bank run.
In response to the crash, the Luna Foundation Guard, which essentially insures the coin, deployed more than $3 billion in hopes of defending its dollar peg. But in doing so, it caused downward pressure on the entire crypto market, causing other large investors to sell off their Bitcoin shares. Bitcoin hit its lowest point since December 2020.
As for whether the crypto slide will continue, some believe that things will only get worse as investors panic. But others are “buying the dip,” or entering the market at a discounted rate. They believe that despite day-to-day turbulence, a zoomed-out look at Bitcoin will continue to show the growth pattern it has displayed over the past decade.
[By Andrew Chow]