--- tags: Endgame Video Summaries --- ## Summary of [Open Decentralized Voter Committee | 6.8.22 | Endgame Pre-Launch](https://www.youtube.com/watch?v=gGA_EkM88s8&list=PLLzkWCj8ywWMJ8ImSqKaYf-87Mx7gOkaF&index=29) ### 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 video discusses how the Open Decentralized Voter Committee will be different from the earlier voter committees and how it will focus on coordinating the opinions of the MP holders. 00:05:00 The video discusses how a decentralized voter committee could be beneficial for the development of the DAO. It discusses the importance of anonymity for some MKR holders, and provides a profile of one individual's involvement in the project. 00:10:00 The video discusses the upcoming voter committee, which is a decentralized body that will make decisions about the future of MakerDAO. 00:15:00 The video discusses the idea of decentralized voter committees, which are community-created entities that are not bound by major governments. The first call for voter committees will be on Wednesday, and the first meeting will be on Thursday. 00:20:00 The video discusses the issue of voter apathy and the need for voters to take action in order to change the current situation. It argues that permissions do not mean democratic and that the current reality is a result of delegates blindly delegating power. The video discusses a simulation where a different status quo was implemented, in which delegates had to approve actions taken by the active mkl. 00:25:00 The speaker discusses the problems with MKR governance, highlighting the need for voter incentives to prevent delegate power from becoming unchecked. He presents a plan to decentralize the system through voter committees. However, the reality is that very few people are currently voting, and even fewer are organizing to influence governance. 00:30:00 The "Open Decentralized Voter Committee" video discusses ways to fix the problems that are preventing decentralization from occurring, and argues that these problems are due to entrenched interests. The individual argues that it is rational to try to change things or reduce exposure to Maker in order to de-risk. Finally, the video argues that if decentralization is to occur, it will require a concerted effort from many people, and points to the Source Code Credit system as an example of an initiative that is working to incentivize this. 00:35:00 The video discusses the challenges of organizing decentralized voting committees, and the futility of trying to do so when larger Maker holders have a disproportionate amount of voting power. It recommends that Maker holders become delegates to vote on their behalf, and that voters become more active in governance by voting on issues that affect them. 00:40:00 The presenter discusses the idea of a voter committee, which would be a place for delegates to get highly optimized information about governance in order to make informed decisions. They explain that this would be a better solution than the current system, where random sticky votes can occur. They also mention that voter committees could be a place for large funds to send their "junior associate" to follow maker governance. 00:45:00 The speaker discusses their plans for the future of the project, including their efforts to formalize the voting process and establish a governance structure. If voter mobilization does not occur, the speaker plans to increasingly move the governance in-game plan in the direction of their desired outcome. 00:50:00 The speaker discusses the need for a decentralized voter committee in order to improve the current status quo. They suggest that this committee be set up in a competition-based manner in order to ensure that the best decisions are made. 00:55:00 The video discusses the idea of a "decentralized voter committee," which would be a place where small holders have a voice in mk governance. It also refers to the need for sanity checking and online incentives in governance, as well as the need for a sense of consequence in mk coordinates and delegates. Finally, the video points out that one of the key obstacles to achieving these goals is that whales have been acting alone, and that one of the things needed to help them overcome this is for smaller holders to learn how to work together. 01:00:00 The presenter discusses how voter committee calls will be formalized in the near future, with delegates or mkr holders running them. 01:05:00 The speaker discusses the structure of a decentralized voter committee and how employee participation is key to its success. The speaker suggests compensation schemes for delegates in order to incent them to attend voting meetings. 01:10:00 The video explains the Open Decentralized Voter Committee, which is designed to ensure that decisions made by MakerDAO's delegates and core units are always backed by the majority of MKR tokens. The video also explains why voting is important in committee, and how the committee can ensure that decisions are made in the best interest of all MKR holders. 01:15:00 The video discusses the collapse of modern society, and how America is the best looking place in the world right now. It also discusses the shooting epidemic in America and how it is a symptom of something crazy happening in society. 01:20:00 The narrator explains that, in the context of all the other challenges facing society, the world is facing an ecological overshoot, which means that we have reached a point where we are exceeding the resources and conditions for human development. Maker is a tool that may be able to help us overcome this situation. 01:25:00 The video discusses the importance of creating a decentralized voter committee to help fix politics and dynamics, and discusses specific actions the committee plans to take. 01:30:00 The speaker explains how the "endgame plan" for Maker is to use its power for good, including efforts to fix government, get more financial inclusion, and develop free software. There is great potential for Maker's decentralized currency, but it needs to be used for its full potential.