Joystream website

The Joystream Manifesto

Manifesto units out each the issues we imagine are associated with
digital media platforms in their current type in addition to our proposed
solution to those concerns.


imagine that art, be it as literature, music, movie, video games or
efficiency, is a important device through which societies set up a
shared understanding of what is frequent knowledge among all members.
These expressions outline values and narratives that end up shaping
tradition, faith and even public coverage. It due to this fact issues deeply
how it is financed, distributed and paid for.

Digital media has turn into the primary medium via which such expression is
distributed, and digital media platforms have become the important thing
institutions organizing this exercise.

because of network effects, economies of scale, rules and political
interests, we are right now left with handful of massive establishments
which set the phrases for the way this occurs. They are virtually entirely
unaccountable to regular market and political mechanisms.

a result, our stories, expressions and interactions are managed and
filtered on their terms. This continues to generate an ever altering
set of problems, be it

monetization, censorship of controversial speech, inequitable sharing
of positive aspects with creators and viewers, low platform innovation or lack
of credibility with third celebration developers.


name for an arrangement the place media platforms are accountable to the
people they impression, that are primarily their customers, be it as
customers, creatives, third get together developer or employees.

is the absence of such accountability which is the basic supply
of any specific downside at any specific time.


core thesis is that there are two basic challenges which must be
addressed to realize this aim, and that an applicable software
of up to date distributed methods technology, together with
blockchains, sensible contracts and tokens, is the best means to do so.


is the query of how to create an alternate from scratch in the
face of platform externalities which make any new platform practically
useless, regardless of any of its inherent traits. The
process of doing this type of bootstrapping has historically been
mostly an artwork, the place success has rarely been reproducible.

consider that blockchain tokens, earned by and issued to early
members, have been shown to be extraordinarily efficient at
mobilizing, integrating and motivating an international and dynamic

has now repeatedly allowed nascent communities, like the Bitcoin
neighborhood, to beat the preliminary community impact hurdle. There isn’t any
certainty that this might be enough, however we imagine this mechanism
is as promising as anything which is more likely to have a chance in a
very long time.

at scale

is the query of tips on how to create and maintain accountability in such a
platform when it truly reaches scale.

perceive there to be two basic ways in which participants can
maintain establishments of any sort accountable: Voice and exit, in the
tradition of Hirschman A. O.


is the approach of trying to improve or reform the functioning of
an institution from within. The effectiveness of this is determined by some
capacity to both share dependable data with other members, and
have some impact on inside governance processes. Current media
platforms present customers no effective method of doing both.

believe that blockchains present an organizational and financial
infrastructure which may tackle each problems. The public,
verifiable and immutable historical past of economic and administrative
information, offers a superb foundation for customers to understand the
current and past state of the platform. This permits anybody to make
incontestable claims about relevant details and circumstances.

blockchain tokens allow us to make use and control of a platform
inseparable, giving users an automatic seat at the desk in
deliberating over platform degree selections.

that is required to ascertain, exercise or transfer the capacity to
participate in such exercise, is the flexibility to signal messages with
identifiable cryptographic keys. Perfectly reliable contracting provides
a big, dynamic and unrestricted set of users the technique of governing
the platform. This can serve a wide range of purposes, corresponding to
undertaking tasks, regulating participation in different formally
specified roles, or even updating the institutional rules themselves.
This integration of reliable contracting into the financial rails
offers an organizational infrastructure much more in line with our
goals of inclusive control than the conventional jurisdictional belief
primarily based infrastructure.


is the strategy of completely ending participation in an institution in
favor of both becoming a member of or creating an alternate. The effectiveness
of this is dependent upon prices of leaving, and both becoming a member of or creating
another, all being low in comparison with the deprivation in the
present establishment. This is currently not the case.

building platforms based mostly on free open supply software, open
protocols and open information — as is the case with Blockchain
methods, one dramatically lowers these costs. Since users control
their own data, id and assets, they’ve a much easier time
becoming a member of new platforms, and even taking their friends with them.

protocols and data will make multi homing interfaces ample, the place
customers may not even need to change, but as a substitute use a number of platforms
simultaneously, which inspires platform level competitors.

more dramatically, reliance on open supply means that all the
software capital of a platform can simply be reused, and because the
complete organizational state is also public, complete ecosystems can be
forked to create new alternative platforms with modified insurance policies and