The white paper and optimal model from the founder, Joel Dietz
Here are some existing models:Current corporate model is investors decide via board seat allocation. You only have an opening once you hit IPO, but there are severe barriers to IPO which seem to be increasing.Cooperative model and non-profits I perceive as extremely inefficient in the early stages. Among other things they need a board, have high initial costs, and don’t scale internationally.Some cryptocurrencies have a “founder lock” on fund received via multi-sig, which is cool but doesn’t exactly address the issue of evolved control over time and generally assumes static decision makers. Actual decision making is a bit vague at this point and not captured in the protocol layer.
My optimal model is something like: * All major “board level” decisions captured in blockchain format.
- “Board level” decisions decide allocation of funds, which then go into pools
- Pools of funds allocated to individuals/projects can each have one or many decision makers. Once allocated pools have complete autonomy.
- “Boards” have the following decision-makers, “founders,” “investors,” “users.”
- Voting is handled by a two-tiered process in which each group allowed one or more proxies. Those proxies become a board. This board then makes relevant decisions.
How does Nu compare?
