Joystream website

Monday, December 30, 2013

The Joystream Manifesto


Our
Manifesto units out each the problems we believe are associated with
digital media platforms in their present type in addition to our proposed
solution to these considerations.

Problem

We
believe that art, be it as literature, music, movie, games or
performance, is a important tool through which societies establish a
shared understanding of what is widespread knowledge amongst all members.
These expressions define values and narratives that end up shaping
tradition, faith and even public coverage. It therefore issues deeply
how it is financed, distributed and paid for.

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

Unfortunately,
as a result of community https://www.joystream.org/ results, economies of scale, rules and political
interests, we’re right now left with handful of huge institutions
which set the terms for how this occurs. They are virtually entirely
unaccountable to normal market and political mechanisms.

As
a result, our tales, expressions and interactions are managed and
filtered on their terms. This continues to generate an ever changing
set of problems, 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
call for an arrangement the place media platforms are accountable to the
people they impression, that 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 basic supply
of any particular drawback at any particular time.

Thesis

Our
core thesis is that there are two basic challenges which should be
addressed to achieve this aim, and that an appropriate application
of up to date distributed techniques expertise, including
blockchains, good contracts and tokens, is the right 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 practically
ineffective, no matter any of its inherent characteristics. The
strategy of doing this kind of bootstrapping has historically been
principally an art, the place success has hardly ever been reproducible.

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

This
has now repeatedly allowed nascent communities, like the Bitcoin
group, to overcome the initial network impact hurdle. There is no
certainty that this shall be enough, however we believe this mechanism
is as promising as something which is likely to have a chance in a
long time.

Accountability
at scale

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

We
perceive there to be two elementary ways that individuals can
maintain institutions of any sort accountable: Voice and exit, in the
tradition of Hirschman A. O.

Voice

Voice
is the method of attempting to enhance or reform the functioning of
an institution from inside. The effectiveness of this is dependent upon some
capability to both share reliable data with other members, and
have some impact on inner governance processes. Current media
platforms present users no effective means of doing both.

We
believe that blockchains present an organizational and economic
infrastructure which can address both problems. The public,
verifiable and immutable history of economic and administrative
records, provides a superb foundation for users to understand the
present and past state of the platform. This allows 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 on the table in
deliberating over platform degree decisions.

All
that is required to ascertain, exercise or transfer the capacity to
participate in such activity, is the power to sign messages with
identifiable cryptographic keys. Perfectly reliable contracting gives
a big, dynamic and unrestricted set of customers the means of governing
the platform. This can serve a variety of functions, corresponding to
endeavor projects, regulating participation in different formally
specified roles, or even updating the institutional guidelines themselves.
This integration of dependable contracting into the financial rails
supplies an organizational infrastructure far more in line with our
objectives of inclusive control than the normal jurisdictional belief
based infrastructure.

Exit

Exit
is the method of totally ending participation in an establishment in
favor of both joining or creating another. The effectiveness
of this is determined by costs of leaving, and both joining or creating
an alternate, all being low in comparison with the deprivation in the
existing establishment. This is presently not the case.

By
building platforms based mostly on free open source software program, open
protocols and open knowledge — as is the case with Blockchain
systems, one dramatically lowers these costs. Since users management
their own information, identity and belongings, they have a much easier time
joining new platforms, and even taking their peers with them.

Open
protocols and knowledge will make multi homing interfaces ample, where
users may not even need to switch, however instead use a number of platforms
simultaneously, which encourages platform level competitors.

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