Joystream is a owned

The Joystream Manifesto

Manifesto sets out both the issues we imagine are related to
digital media platforms in their current kind as well as our proposed
resolution to those issues.


imagine that art, be it as literature, music, film, games or
performance, is a critical software through which societies establish a
shared understanding of what’s common information among all members.
These expressions define values and narratives that find yourself shaping
tradition, religion and even public policy. It due to this fact matters deeply
how it is financed, distributed and paid for.

Digital media has turn out to be the first medium by way of which such expression is
distributed, and digital media platforms have turn out to be the important thing
establishments organizing this exercise.

due to network effects, economies of scale, laws and political
interests, we are at present left with handful of massive institutions
which set the phrases for the way this occurs. They are nearly entirely
unaccountable to regular market and political mechanisms.

a outcome, our stories, expressions and interactions are managed and
filtered on their phrases. This continues to generate an ever changing
set of issues, 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 get together developers.


name for an arrangement where media platforms are accountable to the
individuals they impression, that are primarily their customers, be it as
consumers, creatives, third celebration developer or employees.

is the absence of such accountability which is the fundamental source
of any specific downside at any particular time.


core thesis is that there are two fundamental challenges which must be
addressed to realize this aim, and that an acceptable application
of latest distributed techniques know-how, including
blockchains, good contracts and tokens, is the right means to take action.


is the query of tips on how to create another from scratch within the
face of platform externalities which make any new platform practically
useless, no matter any of its inherent traits. The
means of doing this type of bootstrapping has traditionally been
mostly an art, where success has not often been reproducible.

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

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

at scale

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

perceive there to be two elementary ways in which individuals can
maintain institutions of any kind accountable: Voice and exit, in the
tradition of Hirschman A. O.


is the approach of making an attempt to improve or reform the functioning of
an establishment from within. The effectiveness of this depends on some
capacity to each share reliable info with other members, and
have some impression on inside governance processes. Current media
platforms provide users no efficient method of doing both.

believe that blockchains provide an organizational and economic
infrastructure which may tackle both issues. The public,
verifiable and immutable history of economic and administrative
data, offers a wonderful foundation for customers to know the
present and previous state of the platform. This allows anybody to make
incontestable claims about relevant information and circumstances.

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

that is required to establish, train or transfer the capacity to
take part in such activity, is the flexibility to sign messages with
identifiable cryptographic keys. Perfectly dependable contracting provides
a big, dynamic and unrestricted set of users the technique of governing
the platform. This can serve a wide range of functions, such as
endeavor tasks, regulating participation in several formally
specified roles, and even updating the institutional rules themselves.
This integration of reliable contracting into the financial rails
offers an organizational infrastructure far 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 establishment in
favor of both joining or creating an alternate. The effectiveness
of this depends on prices of leaving, and both joining or creating
an alternative, all being low in comparison with the deprivation within the
present institution. This is presently not the case.

constructing platforms primarily based on free open supply software program, open
protocols and open information — as is the case with Blockchain
systems, one dramatically lowers these prices. Since users control
their very own information, identity and assets, they’ve a a lot simpler time
joining new platforms, and even taking their friends with them.

protocols and information will make multi homing interfaces plentiful, the place
users might not even need to switch, but as an alternative use multiple platforms
concurrently, which inspires platform degree competitors.

extra dramatically, reliance on open source implies that all the
software program capital of a platform can easily be reused, and for the reason that
entire organizational state is also public, whole ecosystems could be
forked to create new alternative platforms with modified policies and