Gitcoin Grants is a giant red team / blue team exercise for battle testing Quadratic Funding in the real world 🌎

Today, the blue team is bringing out the big guns. 🔵 This is our most serious effort yet to systematically root out sybil/collusion. 👇

Gitcoin Grants has a rich dataset, which we will be leveraging along with a @cadcad_org model, as part of ongoing work with the @block_science team to build infrastructure to harden QF.

Hardening QF means building in more tripwires to the system so that bad actors get caught & remediated more often.
And if we get it right, that means more $$$ for open source infrastructure (and other public goods) as we grow from $500k/round to something more like (puts finger in air, makes a guess) $5mm/round!
TLDR - Public goods are good!

Read the post here => gitcoin.co/blog/towards-c…

/fin

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More from @owocki

18 Dec
During #GR8, we ran an a/b test on the default sort mechanism on the grants/ page.

We wanted to test whether @gitcoin platform has the great power (& great responsibility) to affect funding of grants via its discoverability & curation tools.👇
The a/b test was between two grant landing page sorting algorithms:

1. **weighted_shuffle** - every grant has a chance of being in top 10, which is equal to their `max(5000, current_match_amount)`
2. **random_shuffle** - every grant has an equal chance of being in top 10

/2
Random shuffle is nice insofar every grant has an equal chance of being at the top, but it meant a lot of spammy/bad grants were surfaced too.

Weighted shuffle has the opposite effect (rich get richer, but filters out the riff raff). /3

Results 👇
Read 8 tweets
14 Apr
Today I have a major decision to announce.

TLDR - We have identified an instance of collusion in the health round and are counting contributions we identify as colluding as being from the same account.

Next time we will have a more robust identity system.

Details 👇
2/ In the context of our new more experimental public health round, we found that 47% of contributions to a particular grant were funded by the same account.

We are taking action to change the mechanism that calculates the amounts for the health round & only the health round.
3/ Because the on-chain data provides strong evidence that these contributions are ‘collusion’ according to definition in the CLR paper, we must, for the sake of other grantees err on the side of caution and count these contributions as if they were from a single account.
Read 22 tweets
9 Nov 19
1/ I gave a presentation today at ETHWaterloo entitled “11 milestones on the path to a financial system by & for the people”

This thread is a couple dozen pages of eye candy! 🍬 Click the thread to view more!
2/ Like many of you, I came to the p2p finance space with a dissatisfaction with the existing financial system.

I don’t like
- how it’s been captured by the 1%
- it pollutes our water & air
- how anti-competitive it is…
3/ This presentation is not a critique of capitalism; its a critique of the system that the boomers built after WW2 we we have since inherited!

Markets work very well in many situations.. This is a bold hallucinatory re-imaging of what human coordination could look like!
Read 37 tweets
11 Oct 19
i gave a talk at @efdevcon entitled ‘The Future History of the Open Internet’

this thread is a few dozen slides of eye candy! 🍭 👇 read it on the airplane home from Japan :)
/1
@EFDevcon As an engineer; abstract talks like this are out of my comfort zone.

But this topic is important to me; as our industrial age institutions crumble + we migrate to the information age... We should articulate what kind of networked species we want to evolve into.

/2
@EFDevcon Lets start by talking about the PRESENT History of the Open Internet

/3
Read 49 tweets
5 Aug 19
I gave a talk today at @trufflesuite #trufflecon about web3 business models.

Thread 👇/1
@trufflesuite The goal of this presentation is to articulate a cartography of the emergent territory of web3 business models. This preso is a mile wide and an inch deep. Its goal is to be a map of this category. /2
@trufflesuite So who cares about web3 business models?

When we started the Business Models Ring in 2017, Ethereum was synonymous with ICOs. Just like Email was just one app, ICOs are just one app on the internet of money.

Biz models are a way for startups + investors to pay their bills. /3
Read 22 tweets
6 May 19
Hey CryptoTwitter, let's deconstruct the narrative that "no one is using dapps". It's just NOT TRUE. In fact, I will pay a bounty of 0.55 ETH to 5 community members help me prove it. Thread 👇👇👇

/1
The metric that people use for "activity" is layer 1 transactions per day/month. This is TOTALLY WRONG.

For the same reason you don't measure a web2 app by how many database writes it does, layer 1 transactions is NOT the right metric to measure dapp adoption.

/2
@Gitcoin is trying to lead by example here. Our KPIS are

* Active users
* Bounty completion rate
* Platform value over time
* Hourly Rates

We are putting our money (err.. ETH) where our mouth is. Checkout this page => gitcoin.co/results

/3
Read 5 tweets

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