Governance

The crowdfund DAO will have an implicit governance structure to spend funds based on the ownership of partial private keys.

Possible options that have been explored for governance are:

• (1) Voting power proportional to share in wallet
  • (-) Possible for an entity to "threshold"% attack the funds and steal them
• (2) Voting power proportional to 1 per person using SSI
  • (+) More "fair" vote
  • (+) More resilient to "threshold%" attack due to increased sybil resistance
  • (-) Possible freeloading
    • Can be mitigated with a minimum deposit
  • Incentive to more than minimum input because you get ROI.
    • (-) Possible trusted party (SSI provider)
    • (-) Attack:
    • Mitigation:
      • Specify an on-chain enforceable whitelist
        • Not possible on BTC; a BIP does exist however

Case w/ (1): - WSB has a DAO with a lot of money to mess with JP morgan. - JP Morgan pays enough to get 51% thresh-hold signatures. - Pays it all to a private address.

Case w/ (2): - A has $10M in shared wallet. - B joins with $10 - B coordinates with a number of (SSI) people IRL. - Pays it all to a private address.