Cryptocurrencies that have governance.

demo

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GrandMasterDash

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Waves is going to support voting but I don't know if it will govern the protocol.

Similar story for NEM... has voting and notarisation but not sure about enforced governance.
 

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demo

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Agree , but my point is this , or rather question

What are the drawbacks of proof of stake?
https://en.wikipedia.org/wiki/Timocracy
https://en.wikipedia.org/wiki/Plutocracy

"The term plutocracy is generally used as a pejorative to describe or warn against an undesirable condition.[3][4] Throughout history, political thinkers such as Winston Churchill, 19th-century French sociologist and historian Alexis de Tocqueville, 19th-century Spanish monarchist Juan Donoso Cortés and today Noam Chomsky have condemned plutocrats for ignoring their social responsibilities, using their power to serve their own purposes and thereby increasing poverty and nurturing class conflict, corrupting societies with greed and hedonism.[5][6]"

Money can be established either by violence, or by faith. Money has either its believers or its servants-slaves. Money is not a commodity. You can stake a commodity, you can stake a company, but you cannot stake money. Money is the medium you are using in order to stake. So what you really need to define in order for a money object to become real, is either a "proof of the number of believers" or a "proof of the number of slaves", and after defining this number you can then define how much the stake is. For example, you may hold half of the ethereum coins worldwide, but if you have no believers/slaves at all, then you have nothing, as long as the non believers have already fork to the ethereum version_2, and your ethereum version_1 holdings worth nothing. The same rule applies to whatever coin, bitcoin, dash, euro, USD or anything. The number of slaves/believers is the most critical number to count.

So how much do you stake? The stake you hold is as big as the others believe it is (or are forced to believe it is) . Your proof of stake is closely related to the belief of the others. In order to prove your stake, you have first to prove the number of your believers/slaves.
 
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demo

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For now on I will update the first message of this thread and mention the coin name and the place where the governance decisions can be seen.

So far I have discovered 3 coins that support the governance feature.

Please post below if something is missing, and I will edit the first message and add it.
 

demo

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demo

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http://www.monetaryunit.org (ready after migration to x11)
MUE also has governance.
Governance built in.

The budget proposal system is not a free for all. It is a democratic process that is maintained and monitored by the MasterNode network.

Once a budget proposal has been made, the MasterNode network, the stakeholders of the MUE project, maintained by the individuals or groups that manage those MasterNodes, can then vote. 1 vote per MasterNode. A majority decision has to be achieved for the budget proposal to be approved. The funds are released at the end of the month through what is called a “SuperBlock”. Again, this self governing model is not widely used amongst other cryptocurrencies, and helps MUE maintain the integrity of the project, and helps to improve strategic & commercial decisions for the project and how it spends its own funds.
I added it in my list.

If you know any other crypto that has government, please post it below.
 
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demo

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The governance flower is expanding in cryptocurrencies. I am searching now for a community that is governed by as fewer cryptotards as possible, in order to join it and invest all my efforts in it.

I wish all the governed cryptocurrency communities to have a cryptotard governors detection system. I wonder , will this detection system be coded one day? :p
 
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demo

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I am investigating ceptr right now. Trying to see if it has some governance.
http://ceptr.org/
They provide a link to a usefull map, that can be used when we want to investigate the level of governance whatever coin has.

I read there:
http://ceptr.org/whitepapers/mutual-credit

Most people think that money is just money, but there are literally hundreds of decisions you can make in designing a currency to target particular needs, niches, communities or patterns of flow. Some seemingly small decisions end up having large effects when iterated over centuries and billions of transactions.
This http://artbrock.com/currencymap/ can be used to categorize all kind of coins.
For whatever coin, the governance question is: How are taken and who takes the initial and the runtime decisions presented in the above map?
 
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GrandMasterDash

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I think Stratis has governance .. they have (or planning to have) masternodes
 
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if we design a crypto that have governance, someone must code it... I can provide my expertise with eDem for the algorithm, but I am not going to go back programming. Is there any volunteer?
 

demo

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if we design a crypto that have governance, someone must code it... I can provide my expertise with eDem for the algorithm, but I am not going to go back programming. Is there any volunteer?
I am unable to code from scratch. I can only try to hack the code. So if we decide the code base, I could try to do some changes. But deciding the appropriate code base is not an easy task. For example, Dash decided to follow bitcoin's codebase, and look how many problems occured due to this decision. The task of creating a crypto that has a decent governance system is a much more difficult task than the task Dash had.
And as artbrock said:
artbrock said:
Most people think that money is just money, but there are literally hundreds of decisions you can make in designing a currency to target particular needs, niches, communities or patterns of flow. Some seemingly small decisions end up having large effects when iterated over centuries and billions of transactions.

if we design a crypto that have governance, someone must code it...
Lets discuss the design then. It is a start, and if we manage to design something useful then maybe a good coder who can code from scratch appears.
 
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GrandMasterDash

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if we design a crypto that have governance, someone must code it... I can provide my expertise with eDem for the algorithm, but I am not going to go back programming. Is there any volunteer?
You may very well be underestimating what a mammoth task it would be to create a viable and sustainable crypto. But if you want a starting point for the spec; off the top of my head I would say...

  1. Delegated Proof of Stake and multisig
  2. Instant Send on all transactions (default)
  3. Automatic tax payments on all transactions
  4. Privacy-first (encrypted blockchain with option to make clear)
  5. tezos-style sandboxing and consensus for code updates
  6. Formal Verification tools to ensure code runs as expected
  7. Dash-style funding model
  8. Built-in trustless and decentralised crowdfunding
  9. Unlocked wallets; 2% annual inflation
  10. Locked wallets; 2% interest earned
  11. Inactive assets in unlocked wallets are automatically returned to the blockchain after two years (must lock to keep them)
 
Apr 24, 2017
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You may very well be underestimating what a mammoth task it would be to create a viable and sustainable crypto. But if you want a starting point for the spec; off the top of my head I would say...

  1. Delegated Proof of Stake and multisig
  2. Instant Send on all transactions (default)
  3. Automatic tax payments on all transactions
  4. Privacy-first (encrypted blockchain with option to make clear)
  5. tezos-style sandboxing and consensus for code updates
  6. Formal Verification tools to ensure code runs as expected
  7. Dash-style funding model
  8. Built-in trustless and decentralised crowdfunding
  9. Unlocked wallets; 2% annual inflation
  10. Locked wallets; 2% interest earned
  11. Inactive assets in unlocked wallets are automatically returned to the blockchain after two years (must lock to keep them)
this sounds like the governments wet dream. Where did you say you work for?
Automatic tax payment on all transactions? Sorry, but why?
In any case the whole point of placing governance first is that all those things (inflation, for example) would be defined by the community.
 

GrandMasterDash

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this sounds like the governments wet dream. Where did you say you work for?
Automatic tax payment on all transactions? Sorry, but why?
In any case the whole point of placing governance first is that all those things (inflation, for example) would be defined by the community.
I don't see it as pro-government... just change the word "tax" to something like "an agreed reward" then maybe it looks different. A three-way tax contract negotiated between the wallet, the merchant and some kind of governance entity. It would be largely invisible to the end user (automatic and 99.9% non-interactive). It would go some way to solving the problem of tax being too complicated / laborious. We fund miners and MNOs, so why not extend it to everything else?

The exact numbers don't have to be hard coded, they could be voted on and set within social contracts, just so long as the same percentage cuts both ways; inflation vs investment.
 
Apr 24, 2017
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So the tax would not go to the government, but to some other entity? What exactly? Sounds like the best idea is to create coins on need like dash does. That is also a form of tiny tax called inflation but it does not bit psychologically on people's wallet.