"Verifiable Votes", Blockchain Technology Is Set To Restructure Economic Developments And Governance
There's something that has been deployed on threads(leofinance) and while I have personally not made the most of it or even the community is yet to understand the value it holds, it really is a step forward in actualizing a powerful economic structure in Web3.
If you follow a lot of the developments on Leo, you'd definitely find one or two that interests you and surely showing off a scent of potential value structure. The refocusing of this ecosystem has personally taken me by surprise, and the expansiveness of what is being built has also put me in a position to pay more attention to the evolution of the Leo token economy that is about to take place. Leofinance has held up several months, now and in the past as the most "active" tribe on Hive and now, it looks to really take those numbers to whole different levels and that also building "real incentives" for its users and investors at a grand scale.
Decentralized Polls
When I look at polls on threads, I think of many ways they can be customized to enable projects to easily extract "variable inputs" from the community on diverse project topics, this is like building a new layer for wide area governance. We've seen how polls on twitter have been leveraged by many to drive engagement and extract valuable business data from twitter users. Having a similar system built on a decentralized economic layer really takes things to a whole new level, the enably nature of polls on threads for votes validation and customization for maximum results puts polls on threads well above twitter polls and onto being the simple yet powerful tool for Web3 users to governed different areas of their ecosystem.
The problem with the traditional system of governance and economic structures and building is that the people that actually make up "the value system" do not get to make much impact or have a say on changes that should be made to the system and what should not be changed. Even though structures have been set up for governance within the system, the numbers are never easily variable and that allows it to be easily rigged by different people to attain power over the system.
The effects of these "unjust" takeovers is bad governance and terrible economic decisions, these parties do not act in the best interests of the "value individuals" actually building the value economy. The government for example makes decisions to screw the nation, the citizens have no say and often get screwed over and over, and on top happen to be blamed for everything and thus forced to work extra hours and pay extra taxes.
This is in turn causing employers to have leverage over the working population, an imbalance enabling the exploitation of the desperate workers. Production increases as more individuals get employed for less but value never gets spread as though the common few run the system. Cryptocurrencies powered by blockchain technology with every pieces of projects built within the system that enables the actualization of decentralized finance at a grand scale and the decentralized Web - Web3 is set to give the world a new standard for living, a new standard for learning, a new standard for working, a new standard for governance and a new standard for contributing to economics activities.
Posted Using LeoFinance Beta