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Governance tokens need at least these mechanisms:
- Only proposals which align with the stated intent of the organization are executed
- Traditional stakeholders in organizations are protected by the legal system that enforces an organization's charter and bylaws
- A way to protect decentralized organizations, whose execution is irreversible, is to prevent malicious intentions from reaching a stage where they could be considered (e.g. a challenge response system for intents)
- Ability for participants to safely exit en masse in response to contentious policies
- Rather than mass selling, allow "rage quitting" individuals a equal share to the pie
- The organization may be forced to hold fully liquid assets
- The organization could fund the "rage quitting" by taking on debt and then liquidating its other assets
- Rather than use proxies to upgrade, full data migration could be used to migrate a contract
- Really depends on the use case
- Runtime utility: global public good, sometimes acting as a forwarder
- E.g. account registrar: only allow an action if it's been forwarded through the registar
- Public aspect can leverage network effects
- Gateway contracts: "frontend" gateway holding runtime utilities
- Interesting: the gateway would hold both code and state; the utilities provide code, and all their state is shared
- Delegatecalls into the runtime utility, and expects a
revertto ensure that no state changes happened; the return data is parsed and set
- Premium Mediocre
- "Mediocre with just an irrelevant touch of premium, not enough to ruin the delicious essential mediocrity."
- "Creating an aura of exclusivity without actually excluding anyone."
- "Dressing for the lifestyle you’re supposed to want, in order to hold on to the lifestyle you can actually afford — for now — while trying to engineer a stroke of luck"
- Social mobility options: illusion of upward potential, anxiety about downwards possibility
- People pay for premium mediocracy for:
- Reassuring their parents
- Reassuring / cheerleading their heros