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Explain why vote is better than money in case of super-modular production #429 #435

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merged 1 commit into from
Mar 4, 2024

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nishio
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@nishio nishio commented Mar 4, 2024

from https://cip.org/supermodular I take following ideas

In supermodular situations, by definition, the marginal contribution made by the addition of any component exceeds the total amount created.
In these cases, one cannot pay out the full value of marginal contributions. Take the limit case of perfect complementarity (zero value from individual contributions, value only achieved through full participation) — in this case, the marginal contribution of every component is the total value. Paying marginal contributions is impossible.

...Thus, supermodularity requires hybrid prioritization and decision-making mechanisms (henceforth, collective intelligence mechanisms) that combine democratic, market, and community governance. It is here that the nascent public goods funding ecosystem of web3 can contribute.

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nishio commented Mar 4, 2024

#429

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@GlenWeyl GlenWeyl left a comment

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Thanks so much...I will edit down as promised.

@GlenWeyl GlenWeyl merged commit 02956c4 into pluralitybook:main Mar 4, 2024
@nishio nishio deleted the patch-7 branch April 1, 2024 11:39
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