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title: Untitled
tags: [Endgame Video Summaries]

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tags: Endgame Video Summaries
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## Summary of [Open Decentralized Voter Committee | 8.24.22 | Endgame v3 Review & Discussion](https://www.youtube.com/watch?v=1f9j65Xv2D8&list=PLLzkWCj8ywWMJ8ImSqKaYf-87Mx7gOkaF&index=12)

### 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 The presenter discusses the major questions surrounding the free floating of die and the limiting of rimalized collateral. He argues that die has to go free floating, as there is no way around it, in order to limit the real assets.

00:05:00 The video discusses how decentralized voting can help prevent a "complete crackdown" on Maker, and how the value of the collateral should be considered when planning for a worst-case scenario.

00:10:00 The video discusses the Open Decentralized Voter Committee, which is a project designed to allow for voting in a decentralized manner. The video points out that this is a fork in the road for projects, and that one option is to move towards centralization, which would result in similar levels of regulation to that of banking. However, the option of decentralization is already decentralized enough that the project cannot be undone. The video also discusses the potential threat that this poses to Maker, given that it exists.

00:15:00 The speaker discusses the pros and cons of centralization and decentralization, and how each path leads to different risks. He concludes that decentralized voting is the only option, and that once it's implemented, it will be difficult to revert.

00:20:00 The video discusses how the current financial system is broken and how crypto could be a solution. However, there are many challenges that need to be overcome before crypto can become a mainstream financial system.

00:25:00 The video discusses the drawbacks of decentralized voting systems, specifically the fact that many users will never adopt them due to the high cost of negative rates and the lack of emotional impact of tail risk.

00:30:00 The video discusses the advantages and disadvantages of decentralization, and the key advantage of tokens is that they allow for a decentralized economy to be created.

00:35:00 The video discusses Open Decentralized Voter Committee, which is a proposal for a system in which anyone can vote, without having to rely on centralized authorities. The committee plans to use the Ethereum network to create a decentralized economy in which goods and services can be traded. The video also discusses the value of decentralization, and how it is the underlying value of Ethereum.

00:40:00 Code Knight explains how Maker Dapps can create value by selling their decentralized services, and how etherdine is the main product of Makeher.

00:45:00 The video discusses how a decentralized voter committee can avoid the existential challenge of dying. The committee uses "dye" to create tokens that are one-to-one with regular eth, and the tokens have a yield that is almost as high as if they were staked in an illiquid way. The video argues that decentralized voting committees are one of the ultimate equivalent concepts to stake to eat tokens, and that they can play a role in averting globalism's collapse.

00:50:00 This video discusses how decentralized voter committees could be the world's one world currency, and how they could grow in demand as the digital economy expands.

00:55:00 The video discusses the Open Decentralized Voter Committee, which is a project that aims to create a decentralized, stable voting system. The committee's key features include tokens that are powered by npr emissions, permanent mkr missions, and powerful managers that are valuable because of their metadata-derived value.

01:00:00 The video discusses the pros and cons of open voting, and the eventual need for a decentralized workforce with full privacy.

01:05:00 The video discusses the idea of "physical decentralization" or being untouchable by the government. It talks about how this can be achieved through the use of blockchain technology and the Metadatas protocol. The video concludes by mentioning that this is something that will need to be developed over time, but is possible with the right approach.

01:10:00 The video discusses the potential for two paths for decentralized voting: the centralized path of banks and the decentralized path of using tokens to incentivize good governance. The centralized path is eventually going to lead to global instability and fascism, while the decentralized path has the potential for long-term privacy and political freedom.

01:15:00 The video discusses the Open Decentralized Voter Committee, which is a project that allows voters to cast their votes without the need for a centralized authority. It notes that this project is important because it allows for the free flow of information and the independence of thought. It says that, although it is not possible to know exactly what will happen in the future, it is clear that it is important to have a digital currency that is free from government control.

01:20:00 The speaker discusses the diversification strategy of decentralization and why it will not be enough to protect Maker from being sanctioned. He also talks about the example of the drone ships and how if they fail to connect to the Ethereum network, they would be disabled.

01:25:00 The video discusses the idea of creating compliant stable coins, which would help protect makers from mass confiscation.

01:30:00 Maker is releasing a new platform that allows anyone to launch their own decentralized voter committee. This allows for censorship resistance, the ability to create their own stablecoin, and the ability to prepare for the eventual downfall of centralized systems.

01:35:00 This YouTube video discusses the benefits of decentralized voter committees, which allow for open and democratic voting. While metadatas may impact maker negatively at times, they are still allowed to operate as long as their activities don't negatively impact maker.

01:40:00 The video discusses the Open Decentralized Voter Committee, a project designed to create a decentralized voting system. The video concludes with a call for people to join a future call.