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The Citizens’ House: 10m OP Token to Funding Public Goods

BiTag 2022/12/07
The Citizens’ House: 10m OP Token to Funding Public Goods

The Citizens’ House exists as an equal counterpart to the Token House.

The Token House, made up of OP token holders and their delegates, uses a traditional model of coin voting to govern the core economics of the Optimism Collective, including ecosystem grants, oversight of the OP token treasury, and certain network parameters like sequencing.

To be effective, a voting system must be capture-resistant, which means that it cannot be easily manipulated by those in power. However, pure token voting is inherently unable to provide this protection.

Enter the Citizens’ House: a one-person one-vote system which roots power not in financial capability, but in identity. Together, the Token House and Citizens’ House make decisions for the Collective.

Related  The Optimism Collective Introducation

Building Public Goods Should Be Profitable

Citizens’ House is responsible for allocating funding for public goods. Because our planet relies on public goods, which are deteriorating.

Open source software has been a major driving force behind the internet’s development, yet it is grossly underfunded. Developers work themselves to exhaustion while companies reap the rewards of their free labor. Without financial backing, free software becomes insecure.

When constructing public goods does not yield a profit, the most talented individuals of our age are attracted to more rewarding employment, logically prioritizing their own needs over those of the collective.

The Optimism Collective believes that building public goods should be profitable.

Read Full Details:

Related  Optimism(OP) Token Price Drops Following The Airdrop

https://optimism.mirror.xyz/wqk1Yeyn2OhV9paDzbRXvQ0m0JYDu2npbSkMClwk1rY

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