Rewarding good deeds: how to build a system that actually works

in #discussion7 years ago (edited)

Hi there. I'm totally biased and need your help to get a clear picture on the following idea. (Which, btw, you're free to use / implement if you mention me ;-)). I'm hoping to get feedback on this, any criticism and thoughts (moral dilemmas, technical difficulties, economical challenges or theoretical advice etc... ) is highly appreciated.

(I also wrote a 22 page whitepaper on this, if anybody is interested in reading the more detailed version, please let me know.)

In a nutshell:
I'm envisioning a system that allows users to find solutions to big or small problems, and that creates a reward (crypto token) for entities (individuals, organizations) that implement these ideas.
Or in other words: A reward system for doing good deeds (and we decide collectively what's considered to be a good deed)

And the more detailed version:
Any user will be able to create a unique identity (1 user account per 'real person') to participate on the platform. Users can create and discuss about ideas (with a system that removes (additional) bias as much as possible by showing randomized & anonymized up-/downvoteable posts); I can post more details about that if you ask for it).

Based on that discussion they can put specific ideas up for a vote, associated with a community-created wikipedia-style summary containing as much information as compact and digestible as possible. Before voting users would need to pass a very basic test to ensure that they have done their due diligence (a very easy test, reading the summary is enough to pass).

(Important: as opposed to typical national political votings it is not necessary and even not always desired to have as many people voting as possible, it is much more important to have an educated representation of what is considered as 'the right thing to do').

Voting is generally open to anybody, but can be restricted to a limited circle of individuals, e.g. it might be desirable to have only individuals from a municipality voting on something that only effects that municipality. (It will be visible to everybody though).

Votes will be anonymous, and - considering that there will be way too many different ideas & votings available to keep up with all of them - votes can be delegated to any other user for any subset/filter of issues (e.g. delegate votes for all issues that will be found with an 'environment' search to a specific user that is trustworthy).

Furthermore, ideas and vote outcomes will always be ongoing, there won't be a deadline (with some exceptions): at any time votes can be changed and delegations withdrawn. Ideas will usually find an equilibrium after some time, and after big events (e.g. terror attacks, new scientific studies, ...) the opinion might shift and with it the equilibrium.

Once an idea was voted on, anyone (individuals, institutions, companies, governments, ...) can implement the idea that was approved as 'good' for humankind. Whoever implements an issue will receive a reward in form of a newly minted crypto token. This token is a sign of "the receiving entity did something good for humankind". The amount of received tokens depends on some factors, i.e. how stable the equilibrium is, how many users voted, how controversial it is (equilibrium at roughly 50% pro/con), how much work (working hours) was spent etc... .

Entities will only receive the tokens if they file a report about what they did, which includes amount of work done. These reports serve as a proof of work, and simultaneously as publicly visible data about how good a certain idea is (e.g. reports should optimally also include details such as the effect that the implementation had).

Mining will be necessary to mint the tokens and keep the blockchain secure, but (in contrast to i.e. bitcoin) mining should be very easy, so that any cellphone can be used to mine. Simpler mechanisms (than solving an ever-increasing hash-puzzle) might be possible, such as randomly picking a registered user (remember, every user will be associated with a unique real person) and assign the task to mine the next block. Depending on the implementation, tokens can be a reward for miners, or could also be structured as a general 'basic income' to all registered users (since no user will have to make special effort to mine).

Tokens will be tradeable, and I assume that these tokens will gain value relatively fast (more on that at the end, but mainly because they're carrying a very valuable intrinsic value: Recognition and acceptance of doing something good). The more value the tokens have, the better, because they can be used as leverage by the community to encourage good behaviour (same as / replacing money).

Other mechanisms of limiting the abuse of this system / 'bad behaviour' and encourage 'good behaviour' (where 'bad behaviour' stands for e.g. faking reports, breaking promises, hiding information...) are conceivable and could be added to the system where necessary. For example, the necessity could arise to be able to downvote entities (but not individual users, except they're public officials such as president/prime minister), and the system should be set up so that mechanisms like this can be added, removed and modified with the consent of the community.

Some additional mechanisms such as 'challenges' or 'promises' can be introduced to that system to incentivize a broader audience using it: challenges can be put up to reward individual users with tokens for everyday action (riding bike, using the better product/service, ...); promises of politicians could be recorded and tokens could be handed out for fulfilling these promises within a timeframe (after which they'd be considered as 'broken' and publicly noted as that on the profile)

Token Value:

  • Reputation: The more tokens an entity/individual has, the more good they're doing. This gives them a good reputation and makes individuals feel good
  • Certificate: Products can display the amount of tokens associated with it (similar to 'energy star rating' etc) increasing sales and profit. (The famous 16th of existing 15 standards that will replace them all, ... but this time for real ;-) (Users that participate (discuss & vote about ideas) will certainly be familiar with the logo, so cheap products can't just replace it with their own, and due to its universal applicability (less specific) it has the potential to be soon a well known, trustworthy and easily identifiable token.
  • Proof of work: tokens will be received based on the total working hours spent on an issue (amongst other criteria). Theoretically this should be valued as such (I'm not an economist/financial analyst/whatever and don't know whether that's likely to be true, please help me out here and let me know if I have a wrong idea here!!! But my hunch is that this is how it should work).
  • Accessibility: Challenges, mining and implementing ideas earn tokens. They will be widely distributed and associated with 'doing good (work)'; and thus recognized & acknowledged (many people will have a personal relationship to what it means to earn those tokens)
  • Tradeable: Having tokens - a sign of 'doing good' - tradeable might sound like a contradiction if you can just buy it. However, I think by buying tokens from companies that sell them for doing good work we're supporting those 'good' companies, and thus doing something good ourselves (and thus we deserve those tokens as a reward for something good). It might be reasonable though to impose a (relatively high?) tax or better even 'dissolving' of traded tokens to represent the 'distance' from doing good in a first instance. I.e. during every trade the token might lose 10% of its value. (dissolving tokens for trading may have a value-decreasing effect, so this has to be balanced and thought about carefully and in the starting phase trading may not cause dissolving of tokens.)
  • Scarcity: There should be an inbuilt token decay, which is linked to a total maximum amount of available tokens; e.g. 1% of tokens per year would disappear in order to counteract inflation and create a market cap. Scarcity usually increases the value of a token
  • Official Use: Tokens could become mandatory for some things. I hope that some partnering governments or entities will require these tokens at some point; e.g. only cars that have a certain amount of tokens for their reduced CO2-emissions will be allowed to drive in major cities, or a company pledges to use only energy from the provider with the most tokens. (Again, this might seem to contradict with 'doing good', since energy providers could simply buy more tokens. But because they'd support something good upstream that should be ok. And it would not be applicable in the car example, because a product can only ever have the tokens directly associated with itself, and not with the company.)

I hope I didn't forget any of the main mechanisms. Let me know what you think, whether this sounds like something that might have a chance; and possibly what you think the effects of it would be. (I think it might reduce the role that money has in our society and how value is created, and it might get rid of the current voting system, with that political parties and party affiliation, and potentially change the whole governing system as we know it)!

Ps: This is my first post here on steemit, please let me know if there's a more appropriate channel / way for a post like this that mainly asks for a discussion.

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