The Joystream Manifesto
Our Manifesto units out both the issues we imagine are related to digital media platforms in their present kind as well as our proposed answer to those considerations.
We believe that artwork, be it as literature, music, movie, games or efficiency, is a important software by way of which societies establish a shared understanding of what is common information amongst all members. These expressions define values and narratives that find yourself shaping culture, faith and even public coverage. It therefore matters deeply how it’s financed, distributed and paid for.
Digital media has turn into the primary medium by way of which such expression is distributed, and digital media platforms have turn into the important thing institutions organizing this exercise.
Unfortunately, due to community https://www.joystream.org/ effects, economies of scale, laws and political pursuits, we are right now left with handful of huge institutions which set the terms for a way this happens. They are almost completely unaccountable to regular market and political mechanisms.
As a outcome, our stories, expressions and interactions are managed and filtered on their phrases. This continues to generate an ever altering set of problems, be it rigid monetization, censorship of controversial speech, inequitable sharing of features with creators and audience, low platform innovation or lack of credibility with third celebration developers.
We call for an arrangement the place media platforms are accountable to the people they influence, which are primarily their customers, be it as consumers, creatives, third get together developer or workers.
It is the absence of such accountability which is the elemental source of any particular downside at any explicit time.
Our core thesis is that there are two basic challenges which must be addressed to attain this goal, and that an appropriate application of up to date distributed methods technology, together with blockchains, good contracts and tokens, is the proper means to take action.
First is the question of how to create an alternative from scratch within the face of platform externalities which make any new platform practically ineffective, no matter any of its inherent traits. The means of doing this sort of bootstrapping has traditionally been principally an art, the place success has not often been reproducible.
We believe that blockchain tokens, earned by and issued to early members, have been proven to be extremely efficient at mobilizing, integrating and motivating a global and dynamic group.
This has now repeatedly allowed nascent communities, like the Bitcoin community, to beat the initial community effect hurdle. There is not any certainty that this might be adequate, however we believe this mechanism is as promising as something which is likely to have a chance in a very long time.
Accountability at scale
Second is the query of the way to create and maintain accountability in such a platform when it actually reaches scale.
We understand there to be two elementary ways in which participants can maintain institutions of any sort accountable: Voice and exit, in the tradition of Hirschman A. O.
Voice is the approach of attempting to enhance or reform the functioning of an establishment from inside. The effectiveness of this is determined by some capability to both share dependable info with different members, and have some impression on inside governance processes. Current media platforms provide users no effective method of doing either.
We believe that blockchains provide an organizational and financial infrastructure which can address each issues. The public, verifiable and immutable history of economic and administrative records, provides a wonderful basis for users to know the current and previous state of the platform. This permits anyone to make incontestable claims about related information and circumstances.
Further, blockchain tokens permit us to make use and management of a platform inseparable, giving users an automated seat at the desk in deliberating over platform stage choices.
All that’s required to establish, exercise or transfer the capability to participate in such exercise, is the power to sign messages with identifiable cryptographic keys. Perfectly reliable contracting provides a big, dynamic and unrestricted set of users the means of governing the platform. This can serve a wide range of functions, similar to endeavor tasks, regulating participation in numerous formally specified roles, or even updating the institutional guidelines themselves. This integration of reliable contracting into the financial rails offers an organizational infrastructure far more according to our aims of inclusive control than the conventional jurisdictional belief primarily based infrastructure.
Exit is the approach of entirely ending participation in an establishment in favor of both joining or creating another. The effectiveness of this is determined by prices of leaving, and either becoming a member of or creating another, all being low compared to the deprivation within the present establishment. This is at present not the case.
By building platforms primarily based on free open supply software, open protocols and open data — as is the case with Blockchain methods, one dramatically lowers these prices. Since customers control their very own information, identity and property, they’ve a much simpler time becoming a member of new platforms, and even taking their friends with them.
Open protocols and knowledge will make multi homing interfaces abundant, the place users could not even need to switch, however as a substitute use multiple platforms concurrently, which encourages platform stage competition.
Even extra dramatically, reliance on open supply implies that all of the software capital of a platform can simply be reused, and because the entire organizational state can also be public, whole ecosystems may be forked to create new alternative platforms with modified policies and aims.