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Joystream site

The Joystream Manifesto


Our
Manifesto sets out both the issues we imagine are related to
digital media platforms in their current kind in addition to our proposed
resolution to those considerations.

Problem

We
consider that art, be it as literature, music, movie, games or
performance, is a important device through which societies set up a
shared understanding of what’s widespread knowledge among all members.
These expressions define values and narratives that find yourself shaping
tradition, faith and even public policy. It therefore matters deeply
how it is financed, distributed and paid for.

Digital media has turn out to be the first medium via which such expression is
distributed, and digital media platforms have turn into the important thing
institutions organizing this activity.

Unfortunately,
due to community effects, economies of scale, regulations and political
interests, we are right now left with handful of massive establishments
which set the phrases for how this occurs. They are virtually entirely
unaccountable to normal market and political mechanisms.

As
a end result, our stories, expressions and interactions are managed and
filtered on their terms. This continues to generate an ever changing
set of problems, be it

inflexible
monetization, censorship of controversial speech, inequitable sharing
of positive aspects with creators and audience, low platform innovation or lack
of credibility with third get together developers.

Goal

We
call for an association the place media platforms are accountable to the
individuals they influence, which are primarily their customers, be it as
consumers, creatives, third get together developer or staff.

It
is the absence of such accountability which is the elemental supply
of any explicit downside at any specific time.

Thesis

Our
core thesis is that there are two fundamental challenges which should be
addressed to realize this goal, and that an appropriate software
of latest distributed methods know-how, together with
blockchains, sensible contracts and tokens, is the proper means to take action.

The
Wedge

First
is the query of the way to create an alternative from scratch in the
face of platform externalities which make any new platform nearly
ineffective, no matter any of its inherent characteristics. The
process of doing this kind of bootstrapping has traditionally been
mostly an artwork, where success has hardly ever been reproducible.

We
consider that blockchain tokens, earned by and issued to early
participants, have been shown to be extraordinarily efficient at
mobilizing, integrating and motivating an international and dynamic
community.

This
has now repeatedly allowed nascent communities, just like the Bitcoin
group, to overcome the initial network effect hurdle. There is not any
certainty that this might be sufficient, but we consider this mechanism
is as promising as anything which is more likely to have an opportunity in a
very long time.

Accountability
at scale

Second
is the question of tips on how to create and sustain accountability in such a
platform when it truly reaches scale.

We
understand there to be two basic https://www.joystream.org/ ways in which individuals can
hold establishments of any kind accountable: Voice and exit, within the
tradition of Hirschman A. O.

Voice

Voice
is the strategy of making an attempt to improve or reform the functioning of
an establishment from inside. The effectiveness of this is determined by some
capacity to both share reliable data with different members, and
have some impression on inside governance processes. Current media
platforms provide users no efficient method of doing either.

We
imagine that blockchains present an organizational and economic
infrastructure which may handle each issues. The public,
verifiable and immutable history of financial and administrative
data, supplies a wonderful basis for users to understand the
current and past state of the platform. This permits anyone to make
incontestable claims about relevant information and circumstances.

Further,
blockchain tokens permit us to make use and management of a platform
inseparable, giving users an automatic seat on the table in
deliberating over platform degree decisions.

All
that is required to ascertain, exercise or transfer the capacity to
take part in such activity, is the ability to signal messages with
identifiable cryptographic keys. Perfectly reliable contracting gives
a big, dynamic and unrestricted set of customers the technique of governing
the platform. This can serve a wide range of functions, corresponding to
endeavor initiatives, regulating participation in numerous formally
specified roles, and even updating the institutional guidelines themselves.
This integration of reliable contracting into the financial rails
offers an organizational infrastructure far more in line with our
objectives of inclusive management than the traditional jurisdictional trust
based mostly infrastructure.

Exit

Exit
is the strategy of entirely ending participation in an establishment in
favor of either joining or creating another. The effectiveness
of this is determined by prices of leaving, and both becoming a member of or creating
an alternate, all being low in comparison with the deprivation in the
existing establishment. This is currently not the case.

By
constructing platforms primarily based on free open source software, open
protocols and open knowledge — as is the case with Blockchain
techniques, one dramatically lowers these prices. Since customers control
their own information, identification and belongings, they’ve a much simpler time
joining new platforms, and even taking their friends with them.

Open
protocols and data will make multi homing interfaces abundant, the place
customers could not even need to switch, however instead use a number of platforms
concurrently, which inspires platform level competition.

Even
extra dramatically, reliance on open supply means that all of the
software program capital of a platform can simply be reused, and because the
whole organizational state can also be public, whole ecosystems may be
forked to create new different platforms with modified insurance policies and
goals.