kaal:claim:4685567-020

The two stage vote is the mechanism that produces consensus: a non binding test vote reveals how every donor assesses a project, after which donors can change their minds in the formal vote where their reputation tokens are at stake, and in practice decisions are made with unanimity.

Once every donor sees how all other donors assess the given project, they can jointly change their minds during the "formal vote" in which their respective reputation tokens are at stake. Typically, in this form of decentralized governance, all decisions are made with unanimity.

Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024), Impact 3.0, p. 34
https://ssrn.com/abstract=4685567 · source PDF

Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024). SSRN: https://ssrn.com/abstract=4685567

• reputation tokens are staked in the formal vote
• the chosen WEB3 decentralized governance design

mechanismsupport: arguedgovernance-designreputationdecentralization

• restated_by kaal:claim:4734750-029 The community audit should proceed in two stages: an informal vote that reveals collective wisdom to all membe...
• extended_by kaal:claim:4755632-034 A sequenced two-stage vote, an informal community vote that reveals collective wisdom followed by a formal vot...
• supports kaal:claim:3981021-027 Because voting associates can see the sentiment vote outcomes and who staked what reputation before the bindin...

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