Dora Factory Phase-II: Proposals for a Sustainable Open Source Geek Movement

03/01/2023 10:56 • Daily Digest • 65 views

On March 1, Dora Factory published the article “Dora Factory Phase-II” on Dora Research Blog. The article summarizes that the funding and governance work of the open source community in the past two years has laid the foundation for long-term growth, and then proposes three plans to achieve a sustainable open source geek movement through a broader digital infrastructure. These three plans are: Decentralized venture capital fund, Public Good Staging, and Multi-Star Digital Currency Settlement Network (Dead Doge).

Dora Factory released the second phase of the Mini Plan, including three major road maps

As published on Dora Research Blog on March 1, 2021, the Dora Factory Phase-II article highlights the strides made in funding and governance of the open-source community in the past two years. It showcases the groundwork for sustainable growth and proposes three plans aimed at achieving a more extensive digital infrastructure.

Overview

The article begins by acknowledging the collaborative efforts of the open-source community to foster innovation, share knowledge and resources, and create software tools that have expanded the boundaries of technology. However, it goes on to note that these efforts are continually threatened by issues such as a lack of funding and weak governance frameworks.
Dora Factory Phase-II seeks to address these challenges and provide innovative solutions to create a sustainable open-source geek movement.

Three Proposals for Sustainable Open Source Geek Movement

Decentralized Venture Capital Fund

The article proposes a decentralized venture capital fund leveraging blockchain technology. This fund will curate investments in start-ups and projects with significant potential, supporting them with funds while also relying on the decentralized community to make funding decisions.
The fund will also create a voting mechanism that will give token holders voting rights. By doing so, the fund becomes a more democratic and transparent system where token holders are incentivized to contribute to the growth of their investments.

Public Good Staging

The second proposal involves a concept referred to as ‘public good staging.’ The idea is to create a framework that enables new projects that are aligned with public good ideals to be developed and launched.
This framework is aimed mainly at dispersed networks of participants and will involve establishing standards and partnership arrangements that aid developers and projects with a public service mindset. The framework is expected to leverage the presence of open-source software to amplify its reach.

Multi-Star Digital Currency Settlement Network

The third proposal is the Multi-Star Digital Currency Settlement Network, also known as Dead Doge. This proposed network is a decentralized mechanism for value transfer. It involves utilizing cryptocurrencies to execute settlements in a manner similar to the traditional banking system.
The article notes that such a mechanism would provide a more secure and low-cost way of transferring value globally. Dead Doge is expected to offer faster and more transparent means of cross-border payments.

Conclusion

In summary, Dora Factory Phase-II outlines the progress of the open-source community in the past two years and proposes three solutions aimed at creating a sustainable geek movement. These proposals rely on decentralized funding, partnerships geared towards public service, and provision of a faster settlement network.
Considering the potential of each solution, it is safe to say that Dora Factory Phase-II will play a critical role in shaping the future of the open-source movement, both in terms of innovation and sustainability.

FAQs

1) How can decentralization lead to sustainable open-source movement?
Decentralization is open-source projects is crucial because it allows the community to have a greater say in the projects’ direction and funding. This fosters transparency and encourages community participation, ultimately leading to a more sustainable open-source movement.
2) How will the public-good staging proposal be implemented?
The public-good staging framework would be a standard to evaluate open-source projects for their alignment with public service ideals, possibly done with the help of expert stakeholders. Projects that meet the criteria could gain access to support, funding, and resources.
3) How do Dead Doge and other cryptocurrency settlement networks enable faster cross-border payments?
Since cryptocurrencies rely on blockchain technology, direct, peer-to-peer transactions can be completed almost instantaneously, without the delays and overheads of traditional banking systems. Transactions can be executed rapidly and with lower costs, hence faster settlement time.
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