Starting Point - what tension, question or inquiry started this EG?
SEEDS is designed in a way that it reverses inequality and creates equity. That is something we might all have heard from someone. Nevertheless this has far from happened and much of the design is actually inequitable by design. So how equitable is SEEDS and what tools and protocols can we use to make it as equitable as we want it to be?
Discoveries Summary - what has the EG discovered so far?
See introduction story on the bottom of this post.
- SEEDS and the World - how is SEEDS, it’s community and the world impacted?
See introduction story on the bottom of this post
- the Game Guide - what sections of the Game Guide are being impacted?
Besides some potentially entirely new sections, section 1.2, 1.3, 1.4, 1.5, 1.6, 1.8, 2.2, 2.6, 3.1, 3.2 and 3.3 could be impacted by the developments of this exploration group. This includes several proposals on creating an equitable ecosystem in a more upgraded way than it is created and conceptualized today
- Tech - what pieces of software are impacted?
When proposals make it through and changes get made, the Passport, Light Wallet and several Smart Contracts will be impacted with new protocols and changes in existing protocols. Also new Smart Contracts that are part of new protocols will have to be made.
- Explorers - who is dedicated to this EG? Who is taking the lead in facilitating this EG and following through until either a Proposal is reached or a lack thereof (explained and recorded in an open document)?
I myself am dedicated to this group and taking all these responsibilities. As soon as more people show up, a distribution of responsibilities can be talked about, but is not necessary. My ambitions in this exploration group are clarified in the introduction story below.
Reversing inequality has became a more alive subject within the SEEDS ecosystem, as it is a topical necessity to make our societies thrive. I feel strongly connected to the need of this conversation and the desire to build on solutions for an equitable society.
SEEDS today is not designed as an equitable ecosystem. Besides topics covering inequitability that have been discussed, like the high enumeration of Hypha members against the low or absent enumeration of many active SEEDS users, SEEDS is also inequitable by design. Why? Because wealth is rewarded.
There is a reason why wealth is rewarded. The reason is that we are building a bridge from the old system to the new and we depend on this old system. Incoming wealth from the old system makes SEEDS more financially sustainable because we bring value into the ecosystem (although I would say it is a weakness in the long term because we are enabling inequality in the form of inequitability to shift from the old system into SEEDS and therefore we are weakening its ideals).
Besides the interest rates for planting Seeds that seems to be planned for the longer term, in the short term Seeds is also growing in value, which also makes people with more Seeds benefit more.
What I sense here, is that
- We could further change our focus from trying to get money in, to an even bigger focus to try to get more people and organizations in. If we have enough people and organizations involved they will bring forward the same and more value than these few rich ones that we might trigger with the rewarding of wealth. Also not triggering the wealthy to join in AND being successful will devaluate the value of the currencies that the wealthy are holding.
- We could grow the value of the SEEDS ecosystem with our cooperative activity in the new society we have built and distribute this value in a fully equal way, while rewards for ones activities become the only thing that differentiate how much someone has available to spend. For that principle we just need people with a purpose, the value of their activities and the ecosystem as a whole will come with that.
- We could focus on designing the ecosystem in a way that it can pull itself loose from the old system without complicating it for people from the traditional system to join. Value can be brought in in a different way than to move the wealth from an individual from the traditional system to the individual’s SEEDS account. Rather we could focus on making the value brought in from the traditional system equitably distributed over the SEEDS ecosystem.
This means to go even more out of the box and to change big things.
SEEDS is a bridge that everyone can take. There is not quite a way to get to the other side or the bridge yet because the actual options you have in SEEDS are limited. You have to keep going back from the side where you entered the bridge from to get some of your bare necessities. This is the stage we are in right now and still for a while. People are waiting while building the bridge to a still unknown destination. The project is mostly a promise and to build the bridge we need some tools from the place where we started building the bridge from. As soon as possible, we want to get to the other side of the bridge. When designing SEEDS, it is important to design it in a way that we manage to build the bridge, but also that we prepare us to be independent from where we came from once the bridge has been build and that the place we build there looks in the way we envision.
This brings me to the following questions
Why do we have a planted SEEDS score and why are we giving people that have more planted SEEDS more harvest? That means making the rich even more rich.
Why do we an amount of voting points that depends on a contribution score that is linked to wealth with both Planted Seeds Score and Transaction Score? This means our democratic system gives wealthier people more voting power.
Why are we currently considering (I don’t know if the vote went through or not) to give a 30% interest on the amount of SEEDS one has planted? Wealthier people will be able to plant more SEEDS and become even more rich comparing to their less wealthy human fellows. As I understood from the proposal, this 30% interest is only going to be given out because once it was said this would happen and that the reason to have this already doesn’t exist anymore.
Why do we have to stake SEEDS to put a proposal? This means putting proposals is a power that is connected to wealth. People with fewer Seeds can request funding, but still they depend on wealth coming from an external source while wealthier people don’t. Wealthier people therefore have an easier job to give guidance to projects and with that comes an easier position to get recognized and rewarded.
If we want to be equitable, why are we rewarding those with more SEEDS for the fact that they have more SEEDS?
We could limit the wealthy to become wealthier because of their wealth by:
Removing the benefits for planting a higher amount of Seeds. Keep benefits for the fact you planted Seeds.
Removing the planted Seeds score and integrating this count in a from wealth disconnected way into transaction- or reputation score.
I am aware that SEEDS needs the planted SEEDS to have better-than-free transactions and to have additional SEEDS that are not in circulation for a more stable economy and that the scores are limited to 0-100 to disable the very rich to have a lot more rights than the little-less-rich. But I believe for the wealthy to become wealthier with their wealth is something that shouldn’t be possible in the SEEDS ecosystem and that there are other ways to design the ecosystem in which this would not be promoted.
There is something else complicated about this, because what space does SEEDS have for the wealthy if the traditional system rewards them more? That’s why I would love the focus to get removed from the wealthy and brought specifically to the conscious and those excluded from wealth. This is a path SEEDS is already aiming to go towards in several ways. I can sense the importance people feel to reverse inequality and to be serious about equitability.
I opened this topic to bring up the issues that I sense and to start co-creating towards solutions. To bring protocols that reverse inequality and to bring equitability.
In this topic, in the following days and weeks, I also want to post several opportunities on
- how to grow equitability in the ecosystem
- how to keep the ecosystem economically strong in the meantime.
My goal for these opportunities would be to gather feedback, to start co-creating and to turn them into proposals that afterwards can get implemented into the SEEDS ecosystem.
I would love some opinions on the in my feeling inequality-promoting-SEEDS-protocols I have mentioned above.
Proposals that were inspired from the process in this Exploration Group: