Liquid Democracy: Liker Land and The Future of VotingTue Nov 03 2020
For some time, we have been following the work of friends at Liker Land. Based in Hong Kong, the project aims at supporting a large community of content creators with direct payments using LikeCoin tokens (LIKE).
The Republic of Liker Land or Liker Land for short, is a decentralized community in cyberspace among content creators and consumers, who collectively own and govern the community.
-- From the The Constitution of Republic of Liker Land.
The process is straightforward: you just need to install a mobile app to start reading and sending LIKE tokens directly to the authors. You can also become a Civic Liker under a monthly subscription package ("essentially a tax payer in Liker Land" as the docs puts it), or even send tokens directly via platforms like Medium or Wordpress.
Liquid Democracy and the Validators
As a Decentralized Autonomous Organization (DAO), Liker Land is owned and managed by the people who create and consume the contents. Important decisions about the community are subject to votes.
Liker Land's constitution is based on a model of liquid democracy, where voters can either vote directly or delegate their vote to others, with different delegates for different issues.
All the transactions between creators and likers are recorded by a distributed network of validators - i.e. dedicated programs that make sure everything computes properly.
Likers can delegate (part of) their voting power to these validators for specific decisions.
How it works: setting up a validator
We have recently decided to set up our own Qiware validator to support Liker Land. The process was similar to setting up a web server (using mostly Docker on a VPS) and went very well.
Technically, Liker Land was originally based on the ETH Chain, but the LIKE team decided to rewrote entirely the app with Cosmos, which allows for more sophisticated governance model.
Voting for a proposal
The votes in Liker Land are based on proposals, which can be raised at any moments by validators. Currently, the latest proposal (#5) relates to the rate of inflation.
We thus propose to increase the inflation rate of LikeCoin from 1% to 2% to increase the incentive to delegate LikeCoin.
-- read the complete proposal stored on IPFS.
Instead of putting an envelop in the ballot, validators has 2 weeks to cast their vote by sending a transaction with their choice (Yes, No, Abstain and Veto) directly to the proposal. Anyone can delegate their voting power to a particular validator - and take it back in case of disagreement.
Effectively, sending a transaction will require you to open a terminal and type something like this
docker exec -it likechain_liked likecli --home /likechain/.likecli tx gov deposit PROPOSAL_ID AMOUNT --from validator --chain-id likecoin-chain-sheungwan
The important part here being the
tx gov deposit, which means to create a transaction for governance and deposit a certain AMOUNT on the PROPOSAL_ID. As mentioned on the proposal page, the voting period will end 10 Nov 2020, 3:58:37am UTC.
Take part in the vote
At that time, the presidential election in the USA will have end but may still not know who the new president is - but we may have a better idea about what the future of voting looks like.
We encourage you to check Liker Land constitution to explore more in details how things work there.
Meanwhile, you can delegate some LikeCoins to our Qiware validator directly from the Liker Land wallet .
- Get in the Like mobile app
- Got to the profile tab
- Go on your wallet info
- Scroll down to find the "qiware" validator
- Click on "delegate" and input the amount of coins you will like to stake
- You're done!