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I’ve been thinking about this use case that @CryptoCobain is after and it’s reminded me of where my head was at with Quadratic Voting a few years ago. DeFi wasn’t really a thing back then and we’ve swung considerably more DeFi since, but.. https://twitter.com/cryptocobain/status/1384169543652704256">https://twitter.com/cryptocob...
2/ Sybil resistant voting is big, and an important component to putting quadratic voting into practice, which I’m convinced will change the world. At the time I was mostly interested in audience response and polling for collective intelligence formation.
3/ Specifically, harvesting questions from a large group of people. This is still in the $FVT roadmap as http://AMA.vote"> http://AMA.vote , but broadly it abstracts into the ability to generate social consensus on a list of arbitrary content, like “which guests next?” for example..
4/ Ironically, it was an experience involving @CryptoCobain that opened my eyes to the importance of this use case. Rewind roughly 2 years ago and I was at one of the great @coinscrum meetups in London, where @aantonop was giving a talk.
5/ They were using ‘Slido’ an app I used frequently while lecturing to capture questions from the audience. Audience response tools are a great way to capture insight from a group of people. You give out a code, people ask questions, lecturer responds to a selection.
6/ Having used this with a range of naughty students of various ages (lecturers were the worst). The “there’s always one..” maxim generally holds true. Here we can see one audience member asking Andreas some probing questions. This is par for the course.
7/ The twist here, was this this meetup was being simultaneously live streamed and that code had been leaked onto the internet, and someone had been spotted in the crowd...
8/ Of those 146 questions, about 80% of them were Cobie related. This was a Cobie fan club, crypto twitter sybil attack. This made me realise that voting on content in a room is one thing, but doing it on the open internet is another..
9/ The solution we use, utilises quadratic voting and NFTs to build sybil resistance. If you hold one of them, you get whitelisted into our voting contracts and you get a budget of “voice credits”, which you spread across a list of items effectively sorting them.
10/ In http://markets.vote"> http://markets.vote we use them in a prediction market to sort a list of tokens by perceived performance in the market, if you have votes on the best performing asset in the next week you win some tokens and you get more vote credits in the next round. Meritocracy FTW.
11/ In a few weeks, we’re releasing http://influence.vote"> http://influence.vote , which we use initially for curating our token lists, but it broadens out from tokens to, well.. pretty much anything. People will be able to issue social token NFTs and curate their own lists of all sorts of stuff.
Our thesis is that the key to social coordination and effective DAOs is voting technology and incentive alignment. The dApp suite we’re building is the google app suite / office 365 of DeFi and building consensus on what people want without getting rekt is what it’s all about :)
