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I run a house sitting site where house owners post listings for house sitters to respond to. Sometimes I flirt with the idea of making this community a decentra

I run a house sitting site where house owners post listings for house sitters to respond to. Sometimes I flirt with the idea of making this community a decentralized autonomous web3 community. Currently I am the sole arbiter and mediator when there is conflict. I would love to shift this responsibility to a random selection of active members that have enrolled for this role for a certain time period. I envision a rotating council formulates the complaint, and a selected group votes on a set predefined outcomes. Members pay a virtual crypto currency and when problems arise this fund can be used to pay for insurance claims. Still very much in its infancy but I could see a good use case for web3 here.

happymellon 4y ago
What does web3 add to this? You just described a subscription service, which as a concept has existed longer than web3 has. All of these things that you have described has been possible for over 2 decades. Web3 adds in the idea that your crypto subscription could tank and you have nothing left to pay for legals costs.
- EphemeralNebula 4y ago
  "You just described a subscription service", nope I think the defining character of web3 is a decentralised and hopefully anonymous community, driven and voted for by a blockchain powered mechanisme with a transparent, verifiable chain of decisions. In my opinion this is quite difficult to achieve with conventional organisational structures.
laserbeam 4y ago
You're describing a company/owner's association/some other similar entity which already exists in your legal system. You can already implement the rotating council and an insurance fund without a blockchain. The only thing the blockchain does is prevent you from fixing problems if you made mistakes at some point in the past and had bugs. And it costs you more.
valdiorn 4y ago
You'll still be the person named in the lawsuit when actual, physical property gets destroyed and someone decides they're not going to adhere to the decision of some random internet strangers. Given you (or your company) is the only party that's actually exposed to risk in that case, why would it benefit you, or your customers, to use Blockchain/crypto/web3 stuff? At the end of the day the same result could be achieved with a database in your AWS account and some registered users who get a small fee for reviewing claims.

happymellon 4y ago

What does web3 add to this? You just described a subscription service, which as a concept has existed longer than web3 has. All of these things that you have described has been possible for over 2 decades. Web3 adds in the idea that your crypto subscription could tank and you have nothing left to pay for legals costs.

EphemeralNebula 4y ago
"You just described a subscription service", nope I think the defining character of web3 is a decentralised and hopefully anonymous community, driven and voted for by a blockchain powered mechanisme with a transparent, verifiable chain of decisions. In my opinion this is quite difficult to achieve with conventional organisational structures.

laserbeam 4y ago

You're describing a company/owner's association/some other similar entity which already exists in your legal system. You can already implement the rotating council and an insurance fund without a blockchain. The only thing the blockchain does is prevent you from fixing problems if you made mistakes at some point in the past and had bugs. And it costs you more.

valdiorn 4y ago

You'll still be the person named in the lawsuit when actual, physical property gets destroyed and someone decides they're not going to adhere to the decision of some random internet strangers. Given you (or your company) is the only party that's actually exposed to risk in that case, why would it benefit you, or your customers, to use Blockchain/crypto/web3 stuff? At the end of the day the same result could be achieved with a database in your AWS account and some registered users who get a small fee for reviewing claims.