Introducing a new cryptographic governance primitive
>> Conviction
- The Formula:
Conviction = Stake x Time.
- Linear Unlocking:
Lock Alpha tokens for a set duration (e.g., 365 days) to prove long-term commitment.
- Mutable Ownership:
If an owner acts maliciously, the community can collectively lock their tokens to a new key and vote them out.
- Delegated Conviction:
Miners and investors can delegate their conviction to cryptographically back teams they trust.
First, testing this primitive on subnets 3, 39, and 81 to help the community regain control before a wider rollout.
* Initial design still being tuned and tested, more information
E071 // Hosted by
@const_reborn
00:00 - Addressing the recent subnet owner exploit & subnet governance
07:18 - Introducing the "Conviction" mechanism
11:38 - Rollout Plan: starting with subnets 3, 39 & 81
18:42 - AMA Begins
21:03 - How subnet teams can still raise capital (OTC)
24:47 - Q&A: Hostile takeovers & malicious whales
41:22 - Why centralized competitors can't buy and kill decentralized subnets
54:14 -
@mogmachine joins: Scenario testing subnet impacts
Drop your thoughts or questions ↓
#Bittensor #TAO #CryptoGovernance