Joystream life model works

The Joystream Manifesto

Our
Manifesto units out both the problems we consider are related to
digital media platforms of their present kind as well as our proposed
resolution to those concerns.

Problem

We
imagine that artwork, be it as literature, music, movie, games or
efficiency, is a crucial tool through which societies set up a
shared understanding of what is widespread knowledge among all members.
These expressions outline values and narratives that find yourself shaping
culture, faith and even public policy. It due to this fact issues deeply
how it is financed, distributed and paid for.

Digital media has become the first medium by way of which such expression is
distributed, and digital media platforms have turn out to be the key
establishments organizing this activity.

Unfortunately,
because of community effects, economies of scale, rules and political
interests, we’re at present left with handful of massive establishments
which set the phrases for how this happens. They are almost totally
unaccountable to normal market and political mechanisms.

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

rigid
monetization, censorship of controversial speech, inequitable sharing
of gains with creators and viewers, low platform innovation or lack
of credibility with third celebration builders.

Goal

We
name for an arrangement where media platforms are accountable to the
people they impact, that are primarily their users, be it as
shoppers, creatives, third party developer or staff.

It
is the absence of such accountability which is the fundamental supply
of any particular downside at any particular time.

Thesis

Our
core thesis is that there are two primary challenges which should be
addressed to achieve this aim, and that an applicable utility
of up to date distributed methods technology, together with
blockchains, good contracts and tokens, is the best means to do so.

The
Wedge

First
is the question of how to create an alternative from scratch in the
face of platform externalities which make any new platform nearly
useless, no matter any of its inherent traits. The
strategy of doing this sort of bootstrapping has traditionally been
principally an art, where success has not often been reproducible.

We
believe that blockchain tokens, earned by and issued to early
participants, have been shown to be extremely efficient at
mobilizing, integrating and motivating a world and dynamic
community.

This
has now repeatedly allowed nascent communities, just like the Bitcoin
community, to overcome the initial community effect hurdle. There is no
certainty that this will be adequate, however we imagine this mechanism
is as promising as something which is more likely to have an opportunity in a
very long time.

Accountability
at scale

Second
is the question of how to create and maintain accountability in such a
platform when it really reaches scale.

We
perceive there to be two elementary https://www.joystream.org/ ways that members can
hold establishments of any kind accountable: Voice and exit, within the
custom of Hirschman A. O.

Voice

Voice
is the strategy of making an attempt to enhance or reform the functioning of
an institution from inside. The effectiveness of this is dependent upon some
capacity to each share dependable information with other members, and
have some impact on internal governance processes. Current media
platforms present customers no efficient means of doing both.

We
believe that blockchains provide an organizational and economic
infrastructure which may handle each problems. The public,
verifiable and immutable historical past of financial and administrative
data, provides a superb foundation for customers to understand the
present and previous state of the platform. This permits anyone to make
incontestable claims about related details and circumstances.

Further,
blockchain tokens permit us to make use and control of a platform
inseparable, giving customers an computerized seat at the table in
deliberating over platform stage decisions.

All
that’s required to ascertain, train or transfer the capacity to
participate in such exercise, is the flexibility to sign messages with
identifiable cryptographic keys. Perfectly dependable contracting offers
a large, dynamic and unrestricted set of users the technique of governing
the platform. This can serve a variety of functions, corresponding to
enterprise tasks, regulating participation in different formally
specified roles, or even updating the institutional rules themselves.
This integration of dependable contracting into the economic rails
supplies an organizational infrastructure far more according to our
aims of inclusive control than the normal jurisdictional belief
primarily based infrastructure.

Exit

Exit
is the approach of entirely ending participation in an establishment in
favor of both joining or creating an alternative. The effectiveness
of this depends on costs of leaving, and either joining or creating
an alternate, all being low in comparison with the deprivation within the
present establishment. This is presently not the case.

By
constructing platforms primarily based on free open source software program, open
protocols and open information — as is the case with Blockchain
systems, one dramatically lowers these prices. Since users management
their own data, id and property, they have a much easier time
joining new platforms, and even taking their peers with them.

Open
protocols and data will make multi homing interfaces abundant, where
users may not even want to change, however as a substitute use multiple platforms
concurrently, which encourages platform level competition.

Even
more dramatically, reliance on open source means that all of the
software program capital of a platform can easily be reused, and because the
whole organizational state is also public, complete ecosystems can be
forked to create new various platforms with modified policies and
objectives.