Hello! I’m Brittany. I’m excited to work with all of you on a critical piece of Blockstack’s future: Governance.
If we haven’t connected before, I’ve led Investor Relations at Blockstack PBC for the past year, but my work with the project extends back six years. I was on the investment team at Union Square Ventures when USV made its initial investment in Blockstack in 2014. I then invested again in 2018 through my seed fund, Lattice Ventures. I’m a long time community member and believer in the project.
I’m working on behalf of Blockstack PBC, along with an independent researcher, to solicit input from the community as we work towards establishing an independent foundation supporting Blockstack governance and decentralization.
Continued growth requires governance
This past year was the most significant year of growth for Blockstack. From community (200+ Meetups), to apps (from 46 to 400+), to Stacks holders (800 to 300,000+), this momentum sets the stage and highlights the need for future governance structures within the ecosystem.
Blockstack PBC was founded on the principles of decentralization and we firmly believe it is the only way to fully succeed in building a user-owned internet. Two years ago we laid out a concrete path to decentralization, and we are actively working with the community to carry out that plan.
Today, we’re kicking off the research required to start a ‘Stacks Foundation’ that reflects the needs and values of the community. The Stacks Foundation should be a long-term, permanent home for Blockstack-related governance, and an entity that serves as a neutral ground for various parties to come together and reach consensus on the path forward.
The foundation can create new avenues for innovation and provide an additional means to bring new talent and fresh thinking into the Blockstack ecosystem. We also anticipate that the foundation will have more tools to reward and support independent researchers, contributors, and collaborators than Blockstack PBC could alone.
Good governance is critical for open, collaborative projects like Blockstack. Examples of governance gone wrong abound in the blockchain space, and while we won’t highlight these in detail here, such failures make it clear that strong structures for decision making and conflict resolution are essential for the long-term health and success of the project.
An early vision for the foundation
Nothing is set in stone while we research and gather feedback, but we’d like to share a few things we believe will make a successful foundation and some ways we anticipate it being be different from others in the space.
- The foundation does not exist to fundraise. Its sole focus is to promote transparent, participatory governance in the interest of the long-term health and success of the network.
- The foundation aims to be ‘for the community and by the community.’
- The foundation will be independent of Blockstack PBC.
Community led charter
The purpose of this initial post is to get as much feedback from the community as possible before taking any concrete steps towards establishing the foundation. We cannot do this without you. Your input will be a key part of creating the foundation’s charter and governance.
We’re excited to work with you over the coming weeks to build a robust governance proposal.
How to get involved:
- Participate in our Governance Community Call on Thursday, February 13th at 10am EST (15:00 UTC/23:00 CST).
- Join our #Governance-working-group in Discord.
- Reply with your thoughts and feedback directly on this post. Here are a few questions we’re looking to collaborate with you on:
- What does decentralized governance mean to you?
- What does legitimate governance look like to you?
- What role would Stacks holders play in governance?
- What role should the foundation play in the overall Blockstack ecosystem, and in Blockstack governance?
- Are there things that PBC should definitely keep doing?
- How should the foundation solicit feedback and input from the community?
- What other projects (crypto or non-crypto) should we learn from? What positive or negative examples exist?
- What should be included in the foundation’s mission statement?
- How should the Stacks blockchain protocol evolve?
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This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about future governance of the Blockstack ecosystem and plans for a potential Stacks Foundation. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the SEC, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.