As described in the incredibly amazing Champions and Heros post, we need to design the “boosting” mechanism.
Boosting is a mechanism that allows people in the community to express that they believe a contribution is undervalued; that is to say, that a contribution is receiving too little Cred. In order to boost something, the booster must have Grain. They can then “plant” the Grain in order to Boost the contribution. That causes the Cred of the contribution to increase, in proportion to the amount of Grain that was planted.
The fact that Grain was planted is crucial; it means that Boosting is expensive, so that it serves as a credible signal that the contribution was undervalued.
The Booster has gone out of their way, and used their own Grain, to tell the community that something was undervalued. Therefore, they get a reward. The reward is a small share of the Cred that the boosted contribution earns.
For example, suppose you spot an extremely important Initiative which you believe will be very helpful to the project. Others haven’t yet seen its significance, so it doesn’t have much Cred attached to it; let’s say it currently has 10 Cred.
You decide to Boost it, planting (say) 10,000 Grain. Suppose this creates 100 new Cred for the initiative. Now that it’s worth a lot more Cred, someone is more likely to come along and Champion the initiative.
Becuase you played an important role in prioritizing the initiative, you now receive a share of its future Cred–say, 1%. If you were right that the initiative will be very impactful, you may earn a lot of Cred, and eventually, earn more than 10,000 Grain.
Boosting thus creates a prediction market on the value of the contribution. It incentivizes people in the project to seek out under-appreciated contributions (or promising ideas) and help ensure that they are justly valued.
Boosting, so far, is just an idea. The mechanisms to implement it have not yet been created. This thread will explore:
- what is boosting? (boosting mechanics)
- how to boost? (UI/UX)
- boosting IRL (development of the boosting mechanism)