HackMD - Collaborative Markdown Knowledge Base

--- tags: Endgame Video Summaries --- ## Summary of [Open Decentralized Voter Committee | January 4, 2023](https://www.youtube.com/watch?v=ncprL4iKE4Y&list=PLLzkWCj8ywWMJ8ImSqKaYf-87Mx7gOkaF&index=1) ### Disclaimer This is an [AI generated](https://www.summarize.tech/) summary. No manual curation has been done. There may be inaccuracies. ### Summary 00:00:00 This video explains the new Constitution for Open Decentralized Voter Committee, which will have two versions: a pre-game Constitution and the actual game Constitution. This will help to avoid surprises and ensure that the game is implemented smoothly. 00:05:00 The video discusses the Open Decentralized Voter Committee, a proposed initiative to implement democratic reform as quickly as possible. The Committee would use quickly-developed tools to manage challenges and opportunities, with a focus on launching practical products that deliver value. 00:10:00 The video discusses the idea of an Open Decentralized Voter Committee, which is a step towards implementing the full end game of a Constitution and subdials. The Committee would be simpler and easier to implement than the full end game, and would serve as a stepping stone towards it. The idea is that the Committee would allow users to keep their earnings and avoid burning and consolidating the big MK holders. 00:15:00 The narrator proposes implementing a "smart burn engine" that would burn accumulated profits from the Maker ecosystem's business activities, in order to create economic resilience. This would be a long-term project, but would provide immediate benefits for MK holders. 00:20:00 The Open Decentralized Voter Committee is a project that aims to establish a Constitution for a decentralized future. It is designed to gradually introduce governance concepts while focusing on practical tasks. The goal is to hire more employees and increase competition for delegate positions. Finally, there will be a strong check on delegates' actions to prevent them from running amok. 00:25:00 The author of the video discusses the need for decentralized voter committees, and the need to cut costs and staff in order to maintain sustainability. 00:30:00 The speaker discusses the importance of transitioning from core units to ecosystem actors, and how this will require some sort of official bootstrapping support. He also discusses how the timeline for this transition should be kept in mind, and how long it would take for things to get too far off track. 00:35:00 The video discusses the need to create an Open Decentralized Voter Committee, which will help to improve the efficiency and quality of democratic processes. The draft Constitution will be released soon, and all participants will be considered ecosystem actors. 00:40:00 The Open Decentralized Voter Committee seeks to create a system in which MPR holders can figure out how to vote and how to deal with corrupt delegates and voter committees. This would help to prevent the chaos and corruption seen in past elections. 00:45:00 The video discusses the Open Decentralized Voter Committee, which is designed to improve the efficiency of governance in the game. The committee will consist of constitutional voter committees and constitutional delegates, and will be supported by simple Constitution that focuses on voter committees. The video also discusses preparations for Q2, including improving budgets, deploying collateral, and removing unprofitable collateral. 00:50:00 The video discusses the changes that will occur in the ecosystem in 2023, focusing on the transition from centralized to decentralized actors. David discusses how an ecosystem actor is someone who is not "officially picked by maker to do something," but who is instead "very specific, very clearly described tasks." 00:55:00 The video discusses the importance of decentralized oracles, and how they can be used to reduce reliance on humans. It also discusses the development of L2, which is intended to help scale the oracle system. 01:00:00 The video discusses the Open Decentralized Voter Committee, a project designed to improve the governance of decentralized cryptocurrencies. The committee is made up of a subset of the team that is focused on optimism and laboratory development, and it is hoped that future budget changes will be less like the Gulf Coast situation where we end up in these like I mean I think sofar right it's just all not really I mean we've had the right we've had uh Real World Finance which was his own sort of meltdown and then there was the collateral the Cs and uh and now God comes and I think I mean probably if there are more coordinates will be off-bone or more budgets that we cut it'll be it'll be pain as well but um yeah I'm I think that by moving a little bit more slowly going forward now that we are we're sort of in a better spot in terms of the budget has been lowered a bit and there definitely is this like I mean self uh like this incentive right across the workforce to to to rein in spending and then at the same time we're growing our income then I think we we hopefully can have less kind of colorful situations when it comes to budget changes right which really is something that we just I mean it's so fundamental to be 01:05:00 The Open Decentralized Voter Committee is a system that allows anyone to create and participate in voter committees. This will help to ensure that the voices of MK holders are heard and that the decisions made during the election are made in a transparent and democratic manner. 01:10:00 The video discusses the need for a Constitution in a game, and provides a brief explanation of the two components: the Constitution itself and the articles that make it up. It also discusses how the Constitution can maintain scalability and resilience, and how the Bill of Rights helps to maintain it. 01:15:00 The video explains how the Open Decentralized Voter Committee (ODCV) will work and how it will prevent bad actors from corrupting the system. The ODCV will have different sub-dials that will check and balance each other. 01:20:00 The speaker describes the process of creating a Constitution and discusses some of the assumptions that must be made in order to do so. He says that he is hopeful that he can release the document reasonably fast and that he wants to encourage others to also get involved in the process.