Open Source Projects, NFTs, and Simplified Harberger Taxes.

DAOrayaki DAO Research Bonus Pool: Funding Address: 0xCd7da526f5C943126fa9E6f63b7774fA89E88d71 Voting Progress: DAO Committee 6/7 Passed Total Bounty: 50 USDC Research Type: NFT Pricing, Harberger Tax Original Author: Eric Zhang Contributor: Architect@Dora Factory, DAOctor, Trin @DAOrayaki Original: Hackers & Painters, Open Source Projects, NFTs, and Simplified Harberger Tax Achieving sustainable profitability has always been a difficult problem. Under the business model dominated by traffic and advertising monetization, creators are always "kidnapped" by the owners of traffic platforms. When creating books in community crowdfunding before, one of the confusions we faced was how to enable the creators to obtain a corresponding proportion of revenue share in previous sales, and at the same time encourage people to actively spread. We have also carried out some mechanism designs before. , but the interests of creators and disseminators are still separated. Silvergate Bank donates to the non-profit organization Brink to support Bitcoin open source research and development: On May 21st, the encryption-friendly bank Silvergate Bank announced that it will donate to the non-profit organization Brink. Brink strengthens its protocol and network through fundamental research and development, and supports the BTC developer community through funding, training, and mentoring. Silvergate Bank announced the new initiative with the following statement: "As a symbol of our commitment to the digital currency community, we have pledged to continue making quarterly donations to Brink, a not-for-profit Support the Bitcoin community. With this donation, Silvergate will support the open source development of Bitcoin, including active-zce Bitcoin developers and future engineering talent." (News Text Area) [2022/5/22 3:33:08] The Harberger tax was first derived from the theory of the American economist Arnold Harberger. In April 2019, Vitalik Buterin, the founder of Ethereum, also discussed the Harberger tax in his personal blog. The core rules of the Harberger tax are twofold: 1) publicize a price for privately owned property, and submit a tax based on a certain percentage of that valuation every year; Buy this property. The core checks and balances are: if the price is set high, you will have to pay more taxes; if the price is set low, others can easily buy your property. These two points force every rational person to tend to a reasonable range of valuation. Eric's new price discovery mechanism that combines non-fungible tokens (NFTs) and Simplified Harberger Tax (Simplified Harberger Tax) to link creators and communicators and simplify their collaborative relationship . Open source data platform Prisma completes USD 40 million in Series B financing, led by Altimeter: On May 4, the open source data platform Prisma announced the completion of USD 40 million in Series B financing. This round of financing was led by Altimeter, with participation from Amplify Partners and Kleiner Perkins. To vote, angel investors include founding members of companies like Vercel, PlanetScale, GitHub, and SourceGraph. Prisma is an open source data platform designed to bring together developers, data owners, and infrastructure teams to share data across organizations and teams, and solve problems between front-end and back-end teams as well as between data engineers, developers, and Barriers among business analysts in the development process. [2022/5/4 2:49:58]Author: Eric Zhang, Architect @Dora Factory In this article, we will discuss a new financing model and price discovery mechanism for open source developer projects - based on NFT and Simplified Harberger tax price discovery mechanism for open source projects. As the open source developer community becomes more and more adventurous, they have become an important force to promote the development of new technologies and entrepreneurship, and it is extremely important to motivate open source projects. Hackathons and bounties have always been its direct incentives—developers can get bounty rewards by building new projects or solving some problems at hackathons. Now, new mechanisms have emerged to fund developers. For example, quadratic funding grants developed by GitCoin, clr.fund, and HackerLink (DoraHacks’ developer platform). Most leading blockchain ecosystems are using quadratic funding mechanisms as a way to co-fund open source developer projects with the community. So far, GitCoin grants have funded many projects in the Ethereum ecosystem, while HackerLink grants have funded many projects in the BSC, Flow, Filecoin, Solana, TRON, and HECO ecosystems. ADAMoracle has officially open-sourced the contract code: According to official news, the encrypted data computing network ADAMoracle has officially open-sourced the contract code, which includes key concepts of project tokens, technical descriptions, token pledges, lock-ups, and releases. In addition, ADAMoracle has launched an ecological construction incentive plan to enable more users to collaborate on project development. ADAMoracle aims to build the first data encryption computing network in the Web3.0 era. ADAMoracle promotes off-chain computing capabilities by building a global wide-area node network, which can perform millisecond-level encryption calculations and realize real commercial-level "DataFi" applications, so that every role participating in data circulation can benefit from it. [2022/3/31 14:29:24] On the other hand, all these schemes are ways of ranking projects within a certain range, and therefore, are also a way to identify potential projects from the crowd. Hackathons usually generate rankings based on the opinions of judges (most of whom are experts or investors in related fields), while quadratic financing donations are based on community popularity rankings. For example, on the HackerLink platform, venture capital foundations will observe hackathon rankings and grant leaderboards to find top-ranked projects to invest in. Hackathon rankings and donation leaderboards work really well. However, they both rely on the organizer and are therefore very constrained - i.e. hackathons must be organized and grants must be done in rounds. Funding and rankings are generated at each campaign, so value/price discovery is not an endogenous mechanism. The market value of the open-source blockchain platform Avalanche exceeded SHIB: Jinse Finance reported that the market value of the open-source blockchain platform Avalanche exceeded $28 billion in the early morning of November 21, reaching a record high. At the time of writing this article, it was $27,667,902,203. Beyond SHIB ($26,082,552,540). [2021/11/21 7:02:30] So, how to design an open source project funding and price discovery mechanism that is not restricted by external organizers? Here, I propose a method for the community to explore by combining non-fungible tokens (NFTs) and a Simplified Harberger Tax to achieve this goal. NFTs are intuitive -- they are non-fungible tokens that represent unique assets. Harberger tax is a kind of property tax, which has two characteristics: 1. People assess the value of their assets and pay taxes according to their assessment results. 2. Anyone can buy the property from the owner at the appraised price, forcible sale There are some Dapps based on the Harberger tax that have received a lot of attention and interesting feedback. In March 2019, "This Art work Is Always On Sale" created by South African artist Simon de la Rouviere, based on the concept of Harborg tax and Ethereum, made a digital artwork in the form of ERC 721, intending to explore the The application of the Burger tax to the arts. These experiments are groundbreaking and instructive. In early July 2019, BES Blockchain Labs forked the project, applied the Harberger tax to the asset class of "online advertising", and made further innovations in economic mechanism, application scenarios, and community governance forms , the project title-zce is "A Billboard". In the NGO field, Wildcards is also using the Harberger tax to raise money for environmental protection. DeFi loan protocol bZx has open sourced the v2.0 contract code: On June 13, the DeFi loan protocol bZx officially announced that it has open sourced the v2.0 contract code, and the code is running normally, and is currently being tested by all parties. After the review is over, the official version of Bug Bounty v2.0 will be released. [2020/6/14] This artwork is always on sale: https://thisartworkisalwaysonsale.com/ With the emergence of blockchain and smart contracts, the Harberger tax has finally been found to be feasible and useful. However, we need to deeply realize that the background of the Harberger tax is different from the present. Under the previous assumptions, physical assets have two characteristics. 1. The operating cost is huge. For example, the government needs a lot of resources to operate and manage public space, so it is necessary to collect real estate taxes; 2. Scarcity is very common in real estate. In virtual space, these assumptions are not important. For example, creating and holding digital art NFT will not incur any operating costs, and in the virtual space, we can create NFT infinitely. Because of this, a tax on capital gains makes more sense than a patronage tax. For example, an art collector doesn't want to have to pay taxes all the time just because he owns a painting, and in fact doesn't have to, because art -- after all -- isn't real estate. However, artists can be well funded through the initial sale plus a percentage of capital gains tax on each future resale. The same logic applies to digital artists, writers and, in our case, open source developers. The forced sale feature of the Harberger tax is very useful. Through smart contracts, we can do two things: (1) register all NFTs, and (2) anyone can sell them forcibly without the permission of the previous owner. We can use some of the characteristics of the Harberger tax and what we discussed above to design an alternative mechanism for funding and price discovery of open source projects. The mechanism works as follows: 1. Each project can issue a unique non-fungible token (NFT) with an initial price. The address where the token was minted becomes the first owner of the token. 2. As long as the price is higher than the previous price, anyone can buy tokens from the previous owner based on his/her own assessment of the asset. 3. Capital gains on sale will be taxed. For example, if an OSS/BUIDL NFT is sold for 20 $DORA, and the previous sale price was 10 $DORA, then a 20% tax means that 2 $DORA will be distributed to the project owner and 18 $DORA will be distributed to the former owner. ** OSS = Open Source Software The Dora team is currently deploying a feature on HackerLink and trying to experiment with this mechanism. It will be appearing on HackerLink BUIDL next week. In practice, we can add some other rules to this mechanism. Any currency can be used to price NFT, such as ETH, BNB. To protect the system from small amount attacks, a fee is added to each sale (e.g. add 0.000001 $DORA and ownership will be transferred). Add a message for each NFT and refer to the HackerLink BUIDL ID and GitHub repository link. In addition to OSS BUIDL, this mechanism can also be applied to funding sources and price discovery in other fields. For example, it could be another way for encrypted art to issue NFTs, helping art with price discovery while continuing to reward artists. It could also help environmental groups price wildlife cards and raise funds from card transactions. For example, Project Ark recently applied for donations for the DoraHacks Singapore Hackathon, where they are generating NFT cards for wildlife protection. We can think of it as a factory that allows any OSS project to issue its own "UniSwap socks" tokens, which can be traded freely with NFT and a simplified Harberger tax. Finally, a content-zce creation DAO may use the same mechanism to price each article while completing fundraising for contributor DAOs. Currently, DAO, a contributor to DAOrayaki, is studying the feasibility of this approach in decentralized media.

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