Token Commons Foundation
Digitally Secure, Trusted & Transparent Safe Haven
THE TOKEN COMMONS FOUNDATION
WHY A TOKEN COMMONS PROTOCOL
With the proliferation of crypto-tokens and decentralized platforms, there comes a need for a kind of “meta-protocol” or framework that provides access to all the requisite services to have a trusted and governable ensemble of services and tokens that meet not only the expectations of users, but regulators as well. In short, there need to be tokens that provide access to not just individual services, but a constellation of services that perform according to a predictable and enforceable social contract – and in some cases, are compliant with certain international financial and privacy regulations. ... Read more ...
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Participation in the governance of the Commons would be controlled by a Proof of Standing protocol that would be based upon how a member is directly affected by an action or decision AND their competency and experience in making a decision. The concept of “standing” is based upon long established principles of jurisprudence whereby the legitimacy of participating in or benefiting from a process is subject to a variety of tests.
All members of a Commons would be subject to a Peer to Peer Terms of Service Agreement that establishes all members as peers – whether as individuals or entities. It further establishes the rights and duties of all members of a Commons where all would have their own self-sovereign identities and personal data stores.
Today, a fundamental schism divides the blockchain community, pitting those that support a Public or “Permissionless Ledger” against those that support a Private or “Permissioned Ledger”. The former community is primarily comprised of the original Bitcoin and Ethereum communities, who espouse fully anonymized and decentralized blockchain services and tokens that no authority of any kind can control.