Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies Puja Ohlhaver: Why Community Currencies Are Crucial for Governance in DeSoc
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Mar 1, 2025 Puja Ohlhaver, a researcher and lawyer, dives into how blockchain and AI can revitalize communities through decentralized governance. She explores the concept of community currencies designed to create a fairer power distribution, critiquing current oligopolistic structures. The conversation covers the dual-token system that balances economic engagement and voting rights, the importance of localized governance, and innovative funding mechanisms. Puja also discusses how these currencies can combat societal polarization and enhance community-driven innovation.
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Oligopoly in Proof Systems
- Proof-of-stake protocols tend to result in a Pareto distribution, an oligopoly of stake.
- Proof-of-personhood protocols end up being oligopolies of account control.
Global Attention and Polarization
- Global attention auctions, like social media, disconnect people from local issues, leading to polarization.
- This polarization hinders governance and effective public goods provisioning.
Community Currencies Model
- Community currencies introduce a dual token system: transferable tokens and non-transferable stake.
- This system allows members to choose between influence within the community (staking) and participation in wider communication (transferable tokens).