Difference between revisions of "Genesis"
| Line 6: | Line 6: | ||
* Bootstrapping genesis: how Bitcoin was created. | * Bootstrapping genesis: how Bitcoin was created. | ||
| − | * ICO: pre-minting tokens and selling them on exchanges or ICO platforms. | + | * [[ICO]]: pre-minting tokens and selling them on exchanges or ICO platforms. |
| − | * Hatch: introduced by Commons Stack and Token Engineering Commons. [https://medium.com/commonsstack/whats-in-a-hatch-3799a398243a See more]. | + | * [[Hatch]]: introduced by Commons Stack and Token Engineering Commons. [https://medium.com/commonsstack/whats-in-a-hatch-3799a398243a See more]. |
=See also= | =See also= | ||
* [[Seed value]] | * [[Seed value]] | ||
Revision as of 18:35, 12 April 2022
The process through which an OVN is created, i.e. is brought into existence.
When designing this process the emphasis is put on creating a capture resistant organization, one that will preserve the main OVN features over its existence - see Ostrom’s commons principles for inspiration. The emphasis it not on permanency by default, as it is the implicitly case of most traditional organizations (seen as immortals), but on functionality to achieve the specified goals, unless the OVN has a very long lasting mission. When initiating a new OVN avoid implicit organizational permanency in the design of the genesis process. Organizations have a purpose and when that purpose disappears they dissolve. Not taking organizational death into consideration leads to waste of social resources. Think in terms of organizational repurposing, once the organization has no longer a purpose to exist, and put in place the mechanism to transfer its accumulations (resources, assets) to other actors in the immediate ecosystem.
Options
- Bootstrapping genesis: how Bitcoin was created.
- ICO: pre-minting tokens and selling them on exchanges or ICO platforms.
- Hatch: introduced by Commons Stack and Token Engineering Commons. See more.