Later we'll want to decentralize the Crowdocracy so there is no single point of control. One idea would be to use the decentralized and open blockchain to create many decentralized crowds.
Ideally this would exist as some sort of autonomous, decentralized software like a "decentralized autonomous corporation" or DAO. That approach could work for hosting a crowd.
Could imagine DAO crowd bank that:
Setup the bank
accepts $27 from N participants, creating a $27*N bank
creates a public/private key pair for this crowd and a majority vote threshold (say M=51%)
distributes the private key among N participants via Shamir's Secret Sharing
Initialize voting blockchain
The DAO is running the Voting module (ticket) and faithfully recording every bill, comment and vote into a blockchain
Automatically disburse approved budgets
The DAO accepts secrets from users as a proxy for their "vote" on a bill.
When it receives M% the DAO can recreate the bank's private key
The DAO signs the bill, creating a hash of the decision to be inserted in the blockchain
Securely forget the private key and secrets
Disburse funds
Connect with other DAO micro banks
Many DAO micro banks might co-operate on funding joint endeavors. Both DAO's would propose separate bills in their own blockchain although not sure how they'd be linked (maybe just include both bill hashes?)
Later we'll want to decentralize the Crowdocracy so there is no single point of control. One idea would be to use the decentralized and open blockchain to create many decentralized crowds.
Ideally this would exist as some sort of autonomous, decentralized software like a "decentralized autonomous corporation" or DAO. That approach could work for hosting a crowd.
Could imagine DAO crowd bank that:
Setup the bank
Initialize voting blockchain The DAO is running the Voting module (ticket) and faithfully recording every bill, comment and vote into a blockchain
Automatically disburse approved budgets
Connect with other DAO micro banks Many DAO micro banks might co-operate on funding joint endeavors. Both DAO's would propose separate bills in their own blockchain although not sure how they'd be linked (maybe just include both bill hashes?)
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