Due to gorwing interest in the Kappa Sigma Mu Society in the last weeks, I have made a detailed overview on what the Society is about, what the rationale behind it is and what to expect from Kappa Sigma Mu. What's All This Fuss About? In technical terms, Kappa Sigma Mu is a collective created using the society pallet on Substrate, which in principle, is defined as an economic game incentivizing users to participate and maintain membership through rewards paid by the collective treasury. But in actuality, the Society is more than just that: It aims to make the Kusama network and its functionalities known to non-technical users, raise awareness of new forms of organization and identify the link between the onchain and offchain worlds. The Kappa Sigma Mu Society has specific conditions for users to join as members: An onchain convention of membership approval exists for candidates to follow. In order to become part of the Society, the candidate must show "Proof-of-Ink" (PoI) to existing members: in other words, to become a member you must get a tattoo meeting the specific requirements. The Society was founded by an anonymous single member who automatically became the original Head. The members support this anonymity as the Head shows commitment to the society by voting on new candidates (and many feel that it makes this game more interesting). How to Become a Member in a Few Simple Steps
4/12/2021Kappa Sigma Mu is a membership club using the Substrate Society pallet. The society can be understood as an economic game to incentivize users to join around whatever the rules are decided to be. In essence, the society looks to experiment with the connection between the onchain and offchain worlds. Members are incentivized to participate in the society via the rewards paid by the pot. These rewards will be available to be claimed once a specific locking period passed: but how to know when and how to receive your bid? Here are a few simple steps to find out. When Can I Claim My Reward? Members are incentivized to participate in the society through rewards paid by the Society treasury. New users must have a bid to join the society. A user can make a bid by reserving a deposit. Alternatively, an already existing member can create a bid on a user's behalf by "vouching" for them. A bid includes reward information that the user would like to receive for joining the society. A vouching bid can additionally request some portion of that reward as a tip to the voucher for vouching for the prospective candidate. These payments have a maturity period for new members before they are able to access the funds. In the Society pallet, the locking period can be seen here. It is important to note that as the number of members grows, the lock period approaches the maximum.
10/8/2020Alex had pasta, again: I guess it is hard to figure out what to eat now that she is lactose-intolerant, or claims to be. Honestly, until I see the tests I can't tell if it is actually happening, although I guess we need to trust her doctor. She says she is not eating pasta because she cannot eat lactose: this is only the leftovers from the weekend. Alex prefers to be referred as she/her or they/them. Right after we sit down to eat at the big table on the third floor, Alex tells me she is super happy her partner is coming back soon from the work trip. She has been away for a while. Then she makes a joke about how she seems to have settled down. I ask instantly: "What do you think about this stereotype of the lesbian that looks for a partner, meets one she likes, falls in love fast and settles for a long time? Do you think this is true? and if yes, why?" A stereotype? Definitely. Then again, stereotypes have some type of truth in them. The issue I have with stereotypes lays on how they manage to homogenise a group. Alex tells me she thinks a lot about this. At first glance, she believes it is a consequence of a combination of things: it seems too reductionist for her if we see it as a consequence of one reason only. She is is right. Firstly, our heteronormative traditions come to mind - Ohh Normality, how we missed you - we meet again: It is expected for anyone who has been educated inside an heteronormative society to aim at holding long term relationships, and in a more normative way to have a monogamist long-term relationship. These conditions are a sign of success: it seems if we choose these types of relationships our peers will approve: we are the good children in the weirdos' group. We both agree monogamy as well as the long-term element in relationships (more in the sense of Eternal Love) are elements that Heteronormativity teaches us. The lessons are everywhere: think of the TV shows you watch, the books you read, the ads you consume, the friends you have. Our bodies are not capable of heroic feats. Instead, they do not withstand the various forms of oppression within which we experience. They adapt to these conditions by becoming submissive or by altering their boundaries in a dynamic way because coercion is subtle, but present at all times—and even the idea of ‘time’ should be capitalised as it is already regulated and fractionated to be understood in certain manner. Long-term, Long, Long, time. Eternal. Love. Success.
8/12/2020By Raul Romanutti, Kusama Council Member The Kusama Treasury plays a fundamental role when incentivizing organic development and growth of our community. At the time of writing this post, more than 190,000 KSM (Kusama tokens) sit on the Treasury with no effective use whatsoever: we need to put them to work, right? What is the Treasury? Its role in the economic design The Treasury is essentially a pot of tokens collected through transaction fees, slashing and staking inefficiencies on the Kusama Network. This repository of tokens is managed by the Kusama Council, whose main role is to represent passive stakeholders. In order to incentivize the complete spend of all tokens at every period, a system of burning KSM is built into the design, with a subsequent deflationary pressure on its standard implementation. However, on Kusama the treasury burn is currently set to 0 (subject to a change on the runtime) meaning that no repository KSMs are burned at the moment. Initially, much doubt surrounded the use of spending proposal submissions, primarily as a consequence of the lack of off-chain mechanisms for designing and planning proposals that would effectively be approved by council members; this caused much inaction when it came to the use of the Treasury. We are slowly changing this through new spending mechanisms and alternative ways of using the current methods.
6/25/2020or
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