Joystream token

The Joystream Manifesto

Manifesto units out both the problems we believe are associated with
digital media platforms in their present type as well as our proposed
resolution to those issues.


believe that art, be it as literature, music, film, video games or
efficiency, is a critical tool through which societies establish a
shared understanding of what’s common knowledge amongst all members.
These expressions define values and narratives that find yourself shaping
culture, religion and even public policy. It due to this fact issues deeply
how it is financed, distributed and paid for.

Digital media has turn into the primary medium by way of which such expression is
distributed, and digital media platforms have turn into the important thing
establishments organizing this activity.

due to network results, economies of scale, regulations and political
interests, we are today left with handful of huge institutions
which set the terms for how this occurs. They are almost entirely
unaccountable to regular market and political mechanisms.

a outcome, our stories, expressions and interactions are managed and
filtered on their terms. This continues to generate an ever changing
set of issues, be it

monetization, censorship of controversial speech, inequitable sharing
of positive aspects with creators and audience, low platform innovation or lack
of credibility with third get together builders.


call for an association the place media platforms are accountable to the
individuals they influence, that are primarily their customers, be it as
shoppers, creatives, third celebration developer or staff.

is the absence of such accountability which is the elemental source
of any explicit problem at any specific time.


core thesis is that there are two fundamental challenges which should be
addressed to realize this goal, and that an acceptable software
of contemporary distributed techniques know-how, together with
blockchains, sensible contracts and tokens, is the right means to take action.


is the query of tips on how to create an alternative from scratch within the
face of platform externalities which make any new platform almost
useless, no matter any of its inherent characteristics. The
strategy of doing this type of bootstrapping has traditionally been
principally an artwork, where success has rarely been reproducible.

imagine that blockchain tokens, earned by and issued to early
individuals, have been proven to be extraordinarily effective at
mobilizing, integrating and motivating an international and dynamic

has now repeatedly allowed nascent communities, like the Bitcoin
group, to overcome the initial network impact hurdle. There is not any
certainty that this will be adequate, however we believe this mechanism
is as promising as something which is prone to have a chance in a
very long time.

at scale

is the query of the way to create and maintain accountability in such a
platform when it actually reaches scale.

understand there to be two fundamental ways that individuals can
maintain institutions of any kind accountable: Voice and exit, within the
custom of Hirschman A. O.


is the method of making an attempt to improve or reform the functioning of
an establishment from within. The effectiveness of this is determined by some
capability to each share dependable information with different members, and
have some impression on inner governance processes. Current media
platforms present customers no efficient way of doing both.

consider that blockchains provide an organizational and financial
infrastructure which may address both problems. The public,
verifiable and immutable historical past of financial and administrative
information, provides a superb foundation for customers to understand the
current and previous state of the platform. This allows anyone to make
incontestable claims about relevant details and circumstances.

blockchain tokens allow us to make use and management of a platform
inseparable, giving customers an automated seat at the table in
deliberating over platform level decisions.

that’s required to determine, train or transfer the capability to
take part in such activity, is the ability to signal messages with
identifiable cryptographic keys. Perfectly dependable contracting offers
a big, dynamic and unrestricted set of users the means of governing
the platform. This can serve a wide range of functions, corresponding to
endeavor projects, regulating participation in different formally
specified roles, or even updating the institutional rules themselves.
This integration of dependable contracting into the economic rails
offers an organizational infrastructure rather more in line with our
aims of inclusive management than the traditional jurisdictional belief
based infrastructure.


is the strategy of completely ending participation in an institution in
favor of both becoming a member of or creating an alternative. The effectiveness
of this depends on costs of leaving, and either becoming a member of or creating
an alternate, all being low compared to the deprivation within the
existing establishment. This is currently not the case.

building platforms primarily based on free open supply software program, open
protocols and open knowledge — as is the case with Blockchain
techniques, one dramatically lowers these costs. Since customers control
their very own knowledge, id and belongings, they’ve a much simpler time
joining new platforms, and even taking their peers with them.

protocols and data will make multi homing interfaces abundant, the place
customers may not even need to modify, however instead use a number of platforms
concurrently, which encourages platform level competitors.

more dramatically, reliance on open source signifies that all of the
software capital of a platform can easily be reused, and since the
complete organizational state can be public, complete ecosystems could be
forked to create new alternative platforms with modified insurance policies and


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