Ethereum co-founder Vitalik Buterin recently offered his perspective on “Plurality: A book viz “The Future of Collaborative Technology” by Glen Weyl and Audrey Tang. Buterin summarized the book as something that could spark a discussion on how to resolve governance for a more technologically connected society. Plurality becomes an innovative solution that will question mainstream traditional decision-making methods as it encapsulates collaboration among many socio-cultural entities.
Buterin also said that Plurality is based on cypherpunk, the principle of decentralization or freedom from outside influence. However, while Libertarianism is based on an ideology of individual freedom, Plurality calls for a governance structure that is in harmony with the principle of collective decision-making and cooperation within an organization. This philosophy promotes the establishment of higher-level institutions that will incorporate the various strengths of groups to achieve win-win scenarios.
One thing that is unique about pluralism is the election system it proposes. While voting and other democratic models existed previously, the problem was that minority representation was hardly considered when the majority ruled.
To overcome this, Plurality uses a voting system known as degressive proportionality, in which independents get more votes than other categories. This method helps to achieve more fair decision-making since one side of more individuals is not dominant in the overall decision-making.
Plurality also reimagines identity systems for the digital age. Weyl and Tang discuss intersectional social identity systems that work under increased privacy and security principles. While it is distinguishable from single-factor identity systems like biometrics that can be easily hacked, this multiple-factor security system incorporates extra barriers.
Read CRYPTONEWSLAND onThe principles embraced by the notion of Plurality transfer such conventions into the digital realm, which includes social media. Polis and Twitter’s Community Notes are examples of large-scale, consensual technology.
These platforms seek to find shared frames of reference and bring about acceptable decision-making to all segments.According to Buterin, Plurality can bring about new mechanisms of governance in reality outside of DAO and reconfigure funding for public goods in blockchain ecosystems.
Native #USDC and #CCTP on #Sui will improve cross-chain transactions and expand its #DeFi ecosystem,…
Tecumseh, Canada / Ontario, 19th September 2024, Chainwire
#Pepe Unchained, Crypto All-Stars, and Meme Games—#top altcoins with #high staking rewards. #PEPU #STARS #MGMES
Ripple's #RLUSDstablecoin combines blockchain speed with #USDstability, while Ripple’s $10M boost to #YellowNetwork advances #DeFi…
#Toncoin, Tron, and XRP—three altcoins that could potentially 100x your investment. #Ton #TRX #XRP
Prager Metis settles for $1.95M with the #SEC over misleading #FTXaudits, facing audit restrictions and…