(Note, posting this early, will continue editing and finish up)
Hey, I agree there's no clear central resource for exactly how the voting system works. Partly that's because the design was in flux (pardon the pun) up to June-ish (I think this was the last core change I made).
Back in 2015 we were planning on using LD (liquid democracy), but as you can see in my first presentation I was aware that trading political influence made LD more attractive than not trading it. A few months later I realised that we could go further than LD, and we could use what we now call IBDD (Issue Based Direct Democracy) which builds on DD and LD thus:
- DD provides 1 vote per person per issue
- LD allows delegation
- IBDD allows trading votes via a central liquidity token (imagine something like a commodity market; all commodities are exchangeable for USD, or AUD, or whatever. But they all go through one central token/currency).
Now, obviously the idea of involving any actual money in this system is contentious, so we're definitely keeping Liquidity Tokens outside the real-money-economy until some decent research is done.
There are some great reasons for using a system that's more grounded in economics than LD and DD
In real world economics
I believe these will translate into a political economy if we build the right sort of system.
Aside: Guests are arriving at my house so I'll keep the rest brief, though happy to answer questions and such tomorrow
Okay, so how does actually work
What do the markets actually look like?
Liquidity tokens (or political capital) are always the base token in the pair with the vote being the 'quoted token'.
I originally planned to have continuous markets (like currency or stock markets) but later switched to a single one-time auction to prevent speculation and profiteering - basically keeps the system more 'honest' (Note: this is not necessarily what you want in a money market, but is what we want in this non-monetary market; this point is debatable, though).
Creating new issues
So to put forward a bill you have to use Liquidity Tokens to bid on the opportunity. Those opportunities are created in a bunch every week or so, and we adjust the rate in a distributed fashion to a) combat spam issues and b) have a healthy throughput of new issues and ideas.
Is there more too this?
SO SO MUCH MORE. It's really hard to talk about how well this (so far) integrates with many modern theories, not just of economics, but also of politics and epistemology/philosophy.
There is no way I can fit it all into one post like this.
Will it be better for humanity?
I really believe this is a major political breakthrough that can help humanity enter a new era of political prosperity.
- Liquidity Tokens are distributed in two ways:
- A one off grant of X when people join (this provides initial liquidity and helps keep things even)
- A continual 'drip feeding' sort of like basic income, that's determined by a constant inflation rate of something like 30% (Note: inflation in this case is good because it puts 'negative pressure' on hoarders/savers, so we're encouraging people to spend their political capital sooner rather than later.
"I have so many questions!"
Please ask them, happy to spend a few hours tomorrow answering them.