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How should the LTB Network Operate? Please Check out BetterMeans - Open Enterprise Governance Model

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adam

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This project was ahead of its time, and is defunct.  It is however open source
https://www.youtube.com/watch?v=D--Ob2CxLds

https://www.youtube.com/watch?v=IdcAxGGRafc

https://www.youtube.com/watch?v=0wJAf229YUs

https://www.youtube.com/watch?v=Fyjn0XQc9jc

I'm very strongly considering this as the broad model (Watch the Open Enterprise video specifically) to move forward with for the LTBcoin project.  Please take a look and let me know what you think.

Posted on March 9, 2014 at 3:36 PM
Last Edited: March 9, 2014 at 4:03 PM

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• rubenalexander

  

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  This really is inspiring. I love how DAC's can help facilitate this flat org structure. It is true that there is a correlation between how many hands have power and how many workers are happy.

  I have read similar content in a book called Organic Community. Some points I remember were:

  • Revolving Power: If there was a group of people, each person took a turn leading the group. Leading was really facilitating each member of the group to work efficiently. While some will do better than others, each person learns from each other to repeat what works. The group is extremely strong because if one person needs to step away temporarily or permanently, the group's output is still high quality.

  • Group Brainstorm: Anyone could submit a new idea that the group could pursue and discuss.
  Posted on March 10, 2014 at 2:28 PM
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• rockhillking2

  

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  although the ideal of DAC is fabulous, the community should attract more people outside the sphere of Virtual Currency! just make it easier to general person!

  Posted on March 10, 2014 at 3:26 PM
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• adam

  

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  although the ideal of DAC is fabulous, the community should attract more people outside the sphere of Virtual Currency! just make it easier to general person!

  I am trying to create a structure that can survive my inevitable, eventual leaving of it. The thing I most hate in life are projects that are important to me, but only survive because of my constant tending.

  Projects that rely on me to always be there eventually die because I won't always be there, this experience is not uniquely mine but it is very frustrating personally.

  So what we're talking about here on the forum really is how you build the roads. Most users will not and should not care about this. It is infrastructure, most successful when pervasively used but unnoticed.

  DACs will be easy for the general person soon, it's not about DACs just our lack of good interfaces with them. This problem like all the others whirling around cryptocurrency are being solved.

  Posted on March 10, 2014 at 3:53 PM
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• crystalck04

  

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  I am trying to create a structure that can survive my inevitable, eventual leaving of it. The thing I most hate in life are projects that are important to me, but only survive because of my constant tending.

  Projects that rely on me to always be there eventually die because I won't always be there, this experience is not uniquely mine but it is very frustrating personally.

  Perfect. I've watched Shark Tank on occasion, and I remember Kevin O'Leary once asking a guy, "What happens to the company if you step outside these doors and get hit by a bus?" Pretty morbid, but I think it's an important point. If you have a company or a project, there should always be a way for the company to survive past you. This is only partly why I love the idea of DACs. I think this is a great start for the LTB network to grow into an awesome source for crypto-currency content.

  Posted on March 10, 2014 at 6:48 PM
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• john

  

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  I remember you showing this to me a while back, Adam. Do you know why the project is defunct? It seems like it would be very useful for a broad range of activities online. 

  Posted on March 13, 2014 at 12:24 AM
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• TomSherlock

  

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  I do like the Bettermeans approach of an open enterprise governance model.  I had joined Bettermeans as a developer, but never got around to producing any code as they were based on Ruby.  I'm more familiar with VB, Java, javascript and C++.  I was reluctant to put any effort into something new without any certainty of gain in return.
  
  Other models to consider:Chaordic Organization based on Dee Hock's Chaordic ConceptJohn Abram's South Mountain Company and his book Companies We KeepRicardo Semler's Semco and his book Maverick
  ChaordsDee Hock wrote the book, Birth of the Chaordic Age, which republished about 2005 under the title, One from Many, VISA and the Rise of the Chaordic Organization.  He basically said focus on your passion, the money will take care of itself.
  Three Fast Company articles on Dee Hock and the Chaordic Concept:
  1. http://t.co/9ieWlhu4ot2. http://t.co/T0JCZnMMbH3. http://t.co/hPc2KXiMpw
  Dee Hock founded VISA International as an upside-down holding company that was owned by the member-banks.  This innovate structure was unfortunately changed after Dee Hock left VISA.
  Dee Hock also founded the Chaordic Commons, Inc.  which was dissolved in the late oughts.The Chaordic Commons was a global decentralized network of individuals and organizations in every sector committed to pioneering new ways to organize, based on the discovery and expression of deep common purposes and essential principles of right relationship.  Their purpose was to develop, disseminate, and implement new concepts of organization that result in more equitable sharing of power and wealth, improved health, and greater compatibility with the human spirit and biosphere.(Full disclosure, I was an owning member and Trustee for the Chaordic Commons, Inc.)
  For those interest, I have attached the 2001 and 2004 (draft) versions of the Chaordic Commons constitution.
  
  South Mountain CompanyJohn Abrams converted his company from a sole proprietor to a cooperative.  After 5 years an employees get to by his/her way into become an owner-associate upon recommendation and approval of existing body of owner-associates.  Such owner associates establish policy and determines tactics and strategy of the company.  John wrote Companies We Keep.
  
  SemcoRicardo Semler 'inheritied' his traditionally structured, Brazilian-based company from his father.  He flatten management hierarchy to about 3 levels and empowered the employees.  They can choose their own vacation time, hire new employees, renovate their workspace, set their own salary, etc.  One innovative process he instituted was splitting up departments when they grow greater than 500 persons or spinning them off entirely as separate companies.  Such spin-offs are then assisted by Semco to establish themselves as independent companies.
  Ricardo Semler wrote:  Maverick:  The Success Story behind the World's Most Unusual Workplace
  
  There's also the Metacurrency Project, which blurs the lines between a model for a decentralized organization and alternative currencies.  Founded by Art Brock and Eric-Harris Braun, they are a decentralized organization based on decentralized principles producing decentralized currencies.
  

  Posted on March 15, 2014 at 11:03 PM
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• rotalumis

  

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  Fascinating! These guys were doing DAC's before they were cool. I particularly like the retrospectives idea as a simple and fair solution to the rather complex problem of sharing compensation.
  I've been also thinking about how to arrive at an optimal weighting of rewards for the different Proof of Work tasks that Users can accomplish, so that the rewards reflect the utility and the network's need of specific tasks at a particular time. Are there any models that could be used to automate this according to a stated outcomes-based policy that the Let's Talk Bitcoin DAC agrees upon? Or would it make sense to have the weighting influenced directly by simple voting on what the reward weights should be?
  Here's a discussion on multiple reward balancing in AI learning (though I admit the math portions pretty much go over my head). Some of those points and ideas could be applicable to LTB if you consider the Agents described in the paper to be LTB Users, and the Goals that give rewards to be the different Proofs of Work we are planning. Some of the papers cited look like they might offer more insight, though I don't have access to them.
  

  Posted on March 17, 2014 at 3:08 PM
  Last Edited: March 17, 2014 at 3:21 PM
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• Matt

  

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  I think we also need to define a list under the core areas of which the DACP will operate as well.  So we can begin piecing where each proof of work model will go and how will operate on the foundation of the system.
  I've posted my ideas here:
  
  http://ltbcoin.com/discussion/91/what-are-your-thoughts-on-deletecoin-could-ltbcoin-use-this-model#latest
  
  and here:
  http://ltbcoin.com/discussion/61/what-are-should-be-the-core-areas-that-cover-all-of-ltb-s-coin-distribution#latest
  
  

  Posted on March 18, 2014 at 4:10 PM
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• TomSherlock

  

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  Another great model to consider:  W.L.Gore

  Posted on March 22, 2014 at 4:43 AM
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• TomSherlock

  

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  On page 22 of the document, Chaordic Design Process Notes and Narratives, by Thomas J. Hurley,  there is an interesting passage that could help in determining the ultimate structure of the LTB Network:
  As part of unbundling process, some groups find it useful to differentiate reasons that Participants might join together and then begin to imagine different ways those activities could be undertaken and related.  We sometimes distinguish:Councils -- Where people come together to make decisions that are potentially binding on them all.  Conventional corporations make decisions through boards of directors and hierarchical power structures, but many other approaches might be possible and appropriate.Commons -- Where people come together to share a resource that is either naturally occurring or brought into being through human effort.  Are there ways to own common properties that are fair and that avoid negative incentives?Enterprises -- Where people come together to complete tasks or divide labor efficiently and effectively what form do enterprises take when principles of self-organization are faithfully applied?Communities -- Where people come together, because that's what people do, for identity, meaning, nurturing and companionship.These notions are not mutually exclusive.  Options abound for how these different forms of activity can be pursued in complementary ways.  Communities may have one or more councils, one or more commons, and one or more enterprises.  Commons many have one or more councils, several enterprises, and one or more communities.  Councils may involve one or more communities, enterprises or commons.  Enterprises are almost certain to include all three. We encourage design team members to explore what an organization starts to look like if Participants have the freedom to organize themselves in the most productive ways they can find.

  Posted on March 24, 2014 at 5:20 PM
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