The Joystream Manifesto

Our Manifesto sets out each the problems we believe are related to digital media platforms of their present kind as well as our proposed answer to these issues.

Problem

We consider that artwork, be it as literature, music, film, games or efficiency, is a critical device through which societies set up a shared understanding of what is widespread information amongst all members. These expressions outline values and narratives that end up shaping culture, religion and even public coverage. It subsequently matters deeply how it’s financed, distributed and paid for.

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

Unfortunately, due to network https://www.joystream.org/ effects, economies of scale, regulations and political pursuits, we are at present left with handful of large institutions which set the phrases for a way this happens. They are virtually entirely unaccountable to normal market and political mechanisms.

As a end result, our stories, expressions and interactions are managed and filtered on their terms. This continues to generate an ever altering set of issues, be it inflexible monetization, censorship of controversial speech, inequitable sharing of gains with creators and audience, low platform innovation or lack of credibility with third party developers.

Goal

We call for an association the place media platforms are accountable to the folks they impact, that are primarily their customers, be it as shoppers, creatives, third get together developer or workers.

It is the absence of such accountability which is the fundamental supply of any explicit downside at any particular time.

Thesis

Our core thesis is that there are two fundamental challenges which have to be addressed to attain this aim, and that an applicable utility of up to date distributed methods expertise, including blockchains, good contracts and tokens, is the proper means to take action.

The Wedge

First is the question of tips on how to create another from scratch in the face of platform externalities which make any new platform almost ineffective, regardless of any of its inherent characteristics. The process of doing this type of bootstrapping has traditionally been principally an artwork, where success has hardly ever been reproducible.

We consider that blockchain tokens, earned by and issued to early participants, have been proven to be extremely effective at mobilizing, integrating and motivating an international and dynamic group.

This has now repeatedly allowed nascent communities, like the Bitcoin neighborhood, to overcome the preliminary community effect hurdle. There isn’t any certainty that this shall be adequate, but we believe this mechanism is as promising as anything which is likely to have an opportunity in a long time.

Accountability at scale

Second is the query of the way to create and sustain accountability in such a platform when it truly reaches scale.

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

Voice

Voice is the method of trying to improve or reform the functioning of an establishment from inside. The effectiveness of this is determined by some capability to each share reliable info with different members, and have some impact on inner governance processes. Current media platforms present customers no efficient way of doing both.

We imagine that blockchains present an organizational and economic infrastructure which may address both problems. The public, verifiable and immutable historical past of economic and administrative data, provides a superb basis for customers to understand the present and previous state of the platform. This permits anyone to make incontestable claims about related information and circumstances.

Further, blockchain tokens allow us to make use and control of a platform inseparable, giving users an automated seat on the table in deliberating over platform stage choices.

All that is required to determine, exercise or transfer the capability to participate in such activity, is the power to sign messages with identifiable cryptographic keys. Perfectly reliable contracting provides a large, dynamic and unrestricted set of users the means of governing the platform. This can serve a wide range of purposes, corresponding to endeavor initiatives, regulating participation in different formally specified roles, and even updating the institutional guidelines themselves. This integration of reliable contracting into the economic rails supplies an organizational infrastructure much more according to our aims of inclusive control than the traditional jurisdictional trust based mostly infrastructure.

Exit

Exit is the method of completely ending participation in an establishment in favor of either joining or creating another. The effectiveness of this is dependent upon costs of leaving, and both joining or creating an alternative, all being low in comparison with the deprivation in the existing establishment. This is currently not the case.

By building platforms based mostly on free open source software, open protocols and open information — as is the case with Blockchain systems, one dramatically lowers these costs. Since users control their own information, id and property, 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 abundant, where users could not even want to change, however instead use multiple platforms simultaneously, which inspires platform degree competition.

Even more dramatically, reliance on open source implies that all of the software program capital of a platform can simply be reused, and because the entire organizational state can be public, complete ecosystems can be forked to create new various platforms with modified policies and aims.