We worked in Quest Chains for the whole time.

Built Quest Chains #1 Rika Musashi worked on it together.

Apeiron Worked on Chain #3 Economic Decentralization

Requestion 4 Questions on that Chain, He got 2 done during BIP sesh.

HOLDING SPACE FOR MY WORK ON THE QUEST CHAIN Apeiron

Test your knowledge on the important concepts of economic decentralization

Quest Chain #3 - Economic Decentralization

Question 1: What are the warning flags for a poorly designed economically decentralized system? (Include all answers that Apply)

1. A board of directors controls the outcome of proposals
2. A small group of people control the Code-base for the protocol.
3. The blockchain ledger is maintained in an Excel spreadsheet
4. In a token distribution, the founding team keeps 10% control over tokens and distributes 90% to early contributors
5. Tokens are distributed in a private sale to ICO

(Answer, 1, 3, 5)

Question 2: If Blockchains allow for systems that are NOT Reliant on central leadership, What are 2 examples of benefits endowed to Decentralized Organizations.

1. Open-source software communities with embeddable, transparent economies.
2. Golden Parachutes for Mercenary CEO's
3. Allows for the balancing of incentives between developers of the application, contributors to the application, and users of the application.
4. A Board of Directors that get a bonus each year.

(Answer 1, 3)

Question 3: Economic decentralization is only 1 Part of a Three pronged System of Decentralization components. Explain how even a sufficiently “Economically” decentralized system could fail, due to “Centralized” components in the other Two Decentralized Systems.

Technical Decentralization-

Legal Decentralization-

Alternative Question

• Decentralization is our most important tenet. The benefits of decentralized systems are censorship-resistance, data portability, and resilience to adversarial attacks.

Give an Example of each of these tenents playing out in the real world with properly Economically Decentralized Systems.

Question 4:

There are good-faith critiques of distributed decision-making systems, including the necessarily-centralized focus required by early project teams, the tragedy of the commons , and the voter apathy that can manifest in these types of horizontally-distributed decision-making processes.

How would you use Incentive’s or Game Modeling to Combat these 3 Common issues?

(Give a quick reply to 2 and a deeper exploration of a Solution for the third)

Discuss with Vid:

Technical issues -

1 Big Quest vs. Sub Quests - create 1 NFT or 7 NFTs?

Talk to Vid about reusable public good e.g, github repo with framework. clone-able repo auto populates skeleton