MolochDAO: coordination infrastructure for the common good

Core protocol development currently suffers from the Tragedy of the Commons, an age-old ailment in which participants benefit from a shared resource but, through self-interest, are disincentivized from contributing to its maintenance and growth.

While Bitcoin, Ethereum, and the myriad alternative blockchains on the market have all been explicitly designed to incentivize for security via block rewards, formal economic incentives for contributing to a blockchain’s codebase are largely absent. This leaves the onus for development on a limited set of volunteers, which requires existing financial independence, and employees of a project’s foundation, which necessitates forgoing anonymity, ultimately concentrating decision-making power in the hands of a centralized entity.