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Nick, it sounds like you mean-well, but it is very difficult to imagine how linking what is essentially the right to make a moral judgment to one's ability to p
by unclebucknasty 8y ago
Nick, it sounds like you mean-well, but it is very difficult to imagine how linking what is essentially the right to make a moral judgment to one's ability to pay for that right will turn out well.
>We are also working very hard to ensure that our tokens are distributed to parties that are going to use them in good faith
If you have the ability to determine who would use them in good faith, then why do they need to pay for the privilege? Also, this implies that those who would explicitly use them in bad faith may still obtain influence. And, where does this leave the people who would use them in good faith but cannot afford to buy them?
In general and in spite of precautions you describe, it has the distinct feel of buying access, which is not something of which the world, and certainly journalism, is in short supply.
- walkerfly 8y agoHi, I'm also an engineer at Civil. I would describe it more as staking access, it's a way to ensure that all those who play have skin in the game. I don't believe that bias is something you either have or don't or that bad outcomes always come from bad intentions. Bias is endemic of the system itself and I don't believe through any effort you could remove it. We are working hard to ensure that those who initially own CVL have the best intentions, but intentions are not a perfect guard against bad outcomes. The purpose of using TCR and tieing votes to a token is to align the rules of the system to the behaviors we hope to promote. Token holders participate in an economically incentivized game where they are rewarded for predicting whether the rest of the community will find the listing to be inside the guidelines of the civil constitution. While these ideas are not entirely new, they have not been well tested in this application. I'm sure that there will be aspects of the system that will need refinement as we learn more, but my hope is that, despite the system's shortcomings, it will represent a dramatic improvement over the status quo. There can be no question that this is a difficult problem to solve, and likely one that has no perfect solution. I like our solution because it does not intentionally privilege the opinion of the "blue-chip" institutions over new or small operations as many other companies in the space are doing. -- Walker Flynn