This is WIP cooperative (DAO) we are piloting and wanted to get the Cartels feedback and hopeful collaboration. Been talking to a few people in Metacartel about this already and got some great responses.
It was one of the guys here in Metacartel who asked me why I’m doing it alone. I didn’t think I was doing it alone, but clearly I was. This contradicts wanting to take this far.
TL:DR: revenue generating cooperative (DAO) that runs hackathons. The more you participate and contribute, the more voting power you have within the system to vote on hackathon winners, decide profit allocation, and general DAO decisions. Check out the Builder cooperative website for more info
The Builder Collective
Decentralized Digital cooperative run by a community of developers, designers, and other hackers that own and operate an online hackathon platform and innovation lab. Think of it like a cooperatively-owned dev shop.
Sponsors come in and create hacking “competitions” in the platform with a prize pool, from which the cooperative takes a fee. The hackers build ideas and projects based on the competition guidelines, just like in a hackathon, and then select the best submissions to win money from the prize pool. The sponsor also has influence but the key idea here is that the cooperative provides both services: building lots of innovative ideas and selecting the best ones for the sponsor’s purposes.
This can work because, if balanced properly, the hackers with the largest ownership shares in the cooperative have a strong incentive to give prizes to the actual best projects, since they gain from the cooperative long-term success.
The cooperative would need to award ownership stake to participants carefully and share some revenue proportionally with all owners.
Why would a developer participate?
First off, they can get money and notoriety for winning competitions! Beyond that, they’ll gain ownership of the platform, giving them long-term stability if the idea works well, and they’ll get the freedom to express themselves in their hacks, something we don’t get much in our existing work lives.
Why would a company sponsor?
innovation focused development is difficult in organizations. This allow for direct fund deployment to the team doing the work, with no middlemen and in a fully transparent process.
The upcoming event is SoS Hackathon With CryptoChicks. Developing a Post COVID19 startup competition. There are several hundred registrations and people from all over the world. Vitalik and Ben Goertzel will be speaking at the opening ceremony about what they think is the future post COVID changes. Come and join, participate, contribute!
The platform is essentially open and anyone can propose a “Competition” and a budget, if the DAO approves the “hackathon opens up”
What I am using for this:
Competition contract (Best M of N). This is a process allows for additional decision making to the Yes/No proposal process in the form of picking the Best N submissions.
Step 1: Does the DAO want to run this competition with said parameters? if DAO votes yes:
Step 2: Open up a competition with the said parameters (In addition to the funds allocated)
- Number of winners (eg. 4)
- Distribution to those winners (eg, 30,30,20,20 or 25,25,25,25, has to equal 100)
- Number of times a DAO member can vote
- Submission start time
- Submission End time + Voting start time
- End time, which resolves
- Running on DAOstack DAO, (hurr durr politics: ). This enables the Competition contract, various onboarding possibilities, and other interesting stuff.
I think this can be a great way for MetaCartel and DAOstack to collaborate - MetaStack! (Credit goes to @JamesW)
SourceCred and other Discord ranking bots
- The goal is to create a ranking of participation inside the Discord server, and give those who contribute more in these social channels, more voting rights in the DAO.
Abstracting the blockchain
- xDAI - POA network so transactions won’t cost $0.50
- Tor.us - MPC using oAuth (google, fb, discord, etc)
- Biconomy for gasless transactions
To finish it up, I think this is a great collaboration opportunity, it will be very hard to pick this up without a meaningful community, and well, this is really the forte of this community. Another possibility I see is the direct continuation of Dragon quest, giving those who participated some voting power the builder collective.
Feel free to give feedback, tell me I’m an idiot, or get on a call with me so we can smoke a spliff together