Social Bans: Arweave Community Continue The Development Of A Massive Adoptable Ecosystem
Sam Williams, the founder of Arweave ecosystem tweeted a thread about DecentLand, explaining the mechanism, started with :
Imagine Reddit if every community was governed by a DAO. This is @decentLand_ .
1. As the desirability of being in the community rises, the value of the associated tokens grows. This means that members ('stakers') are incentivised to make the community a constructive place to be.— Sam Williams (@samecwilliams) January 28, 2021
3. Users are highly incentivised to behave by the jointly set rules and be productive, as other members can vote to ban them — and slash their stakes.— Sam Williams (@samecwilliams) January 28, 2021
This is yet another fundamental improvement on web2 models by enabling web apps to be protocols, powered by strong mechanism design.— Sam Williams (@samecwilliams) January 28, 2021
The web2 world is about to fall to decentralised web apps.