HackMD - Collaborative Markdown Knowledge Base

--- tags: Endgame Video Summaries --- ## Summary of [Open Decentralized Voter Committee | 7.20.22 | Intro Launch Clustering & Transition](https://www.youtube.com/watch?v=u-nFkEn0lY0&list=PLLzkWCj8ywWMJ8ImSqKaYf-87Mx7gOkaF&index=19) ### 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 Dallas DBC has been doing well since the collapse of the c5 lenders, and they recommend budgeting and allocating capital more effectively in the current market. 00:05:00 The video discusses the financial state of the Dash network and the recommended path forward for the Dow. Option two, a capital reallocation framework, is seen as the preferable approach over option one, which is cutting costs rapidly without proper measurement. The Framework would be based on core unit accountability and would be transparent and fair. 00:10:00 The Open Decentralized Voter Committee intends to improve transparency and accountability in decentralized governance by implementing a budgeting process that is linear and transparent, and allows for simultaneous budget execution. 00:15:00 The video explains how the Open Decentralized Voter Committee (ODV Committee) plans to operate. First, the budget proposal process will be used to create budgets for each core unit, which will be categorized between baseline (i.e. lights on) and growth (i.e. lights off) spend. The second stage is delegate evaluation, in which delegates will ask for capital allocations to match the targeted spend. Finally, the cus will respond with new targets based on the results of the evaluation. 00:20:00 The video discusses the importance of creating a standardized measurement system for projects, such as Open Decentralized Voter Committee, and how this will help the delegates and the broader maker community better understand where the best place is to deploy capital. The presenter also outlines a timeline for the project, which includes publishing a post on the maker community forums and facilitating delegates' alignment of their kpis, followed by public calls with each cu and delegates to present the new budgets. After this, the proposals are submitted into a mip and the facilitators align with the delegates on the new goals based on the finalized budgets. 00:25:00 The video discusses the need for a decentralized voter committee, which is to help guide the development of the Dow Jones Industrial Average. It explains that in order to measure the effectiveness of the committee's goals, a binary "hit or miss" kpi is needed. It also discusses how to incentivize delegates to help achieve the committee's objectives. 00:30:00 The video discusses the idea of creating "kpis" (metrics) to measure the success of decentralized organizations, and how to limit the number of such metrics. It also touches on the idea of setting specific time frames for evaluation. 00:35:00 The video introduces the Open Decentralized Voter Committee and discusses how delegates, who are elected by maker holders, are supposed to come to consensus on budgets without voting. Chris Hadfield asks if this approach is centralized, and the presenter responds that it is not. 00:40:00 The video talks about the need for a constitution and rules for a decentralized world. It also discusses the in-game plan, which focuses on practicalities like budgets and governance. Finally, the presenter shares a slideshow of slides on the topic. 00:45:00 The speaker discusses the different ways in which cutting budgets could affect projects and initiatives, and how it would affect the development of the protocol. He also touches on the idea of profitability and how it would affect the number of people using the vault. 00:50:00 The video discusses Open Decentralized Voter Committee's efforts to simplify governance and transition to a decentralized system. 00:55:00 The video introduces the idea of a decentralized voter committee, which would involve voters being actively involved in governance. The idea is to replace delegates with voters who are directly involved in the governance process. The video also introduces the concept of the scope map, which would outline the areas of focus for the voter committee. 01:00:00 The video outlines the concept of a decentralized voter committee, which would include councils for each scope of activity, and a governor who oversees the committees. The idea is similar to the structure proposed by Hasu, but with one key difference - the governor would be a METAdata. 01:05:00 The presenter discusses how a decentralized voter committee will need people with specialized knowledge in the framework itself, as well as those who can provide guarantees and oversee the execution of projects. However, decentralization can be a challenge, and the metadows will be important to ensure that promises are kept. 01:10:00 The Open Decentralized Voter Committee is a mechanism to hold people accountable to their promises and to ensure that decentralized projects are executed efficiently. 01:15:00 The speaker talks about the idea of a growth scope map, which is a document that outlines what kinds of activities the company plans on conducting in order to grow. They emphasize the importance of advertising and marketing campaigns being coordinated with partner networks in order to achieve the desired outcome. 01:20:00 The video discusses how the Open Decentralized Voter Committee plans to promote the product and increase adoption of the protocol. The committee is also working on developing a front end for the protocol and promoting it through events. 01:25:00 The speaker discusses how Maker is growing, and how they see events and swag as a way to promote the protocol and recruit partners. They also discuss the need for protocol engineering, strategic finance, and product development, and the importance of decentralization. 01:30:00 The video discusses Open Decentralized Voter Committee, which is a committee that aims to help increase voter turnout. The committee includes integrations with other cryptocurrencies, incentivized voting, and a rewards system. 01:35:00 The video discusses the Open Decentralized Voter Committee, which is a proposed strategy for growth within the game. The committee would include professionals with specialized experience, delegates who are not as specialized, and voters who are not developers. There is a need for education in order to increase community engagement. 01:40:00 The video discusses Open Decentralized Voter Committee, a new concept that combines the ability to develop technology and then the ability to do marketing and business and integrations. The video also talks about the meta house, die savings rate, and yield farming metadata tokens to die users. If successful, this would boost the die savings rate. 01:45:00 The creator dials, reform analysis, and governor of metadaws will be launched in 7.20.22, but the focus initially will be on the reformer house and creator dials. The council will propose the scope map, and after that, core units will engage with reform and create a house. If the work is not delivered, the council can levy a penalty on the metadaasta. 01:50:00 The video discusses Open Decentralized Voter Committee, describing the goals and objectives of the project. It also covers the strategic happiness of a coordinate, and the separation of powers within the project. 01:55:00 The video discusses the Open Decentralized Voter Committee, a project designed to improve the coordination of events in game. The video discusses the goals of the project and the process of creating a budget.