Satoshi Island Community Governance

Core principles

On Satoshi Island we don’t do things differently, we just view them differently

• We believe the most valuable asset on the Island are its people. That is why we Love people and use things and not Love things and use people.
  - We believe that mistrust has eroded our ability to cooperate, collaborate and coordinate. That is why we have embraced a transparency — trust — token decentralized model.
  - We believe that many of our freedoms are now ‘non-freedoms’, restricted by regulations. That is why we believe in only one guiding principle: Give more than you take.
  - We believe that immersion in Nature’s beauty allows us to pause from our noisy lives and reexamine our habits. That is why we focus on regenerative practices.
  - We believe in an abundance mindset and that none of us is as good as all of us. That is why we invest in the commons.
  - We believe that ownership is “owning” your commitments, not owning stuff. That is why we have created an economic commons of commitment and liquidity pools.
  - We believe that a thriving community is a hi-tech, hi-touch, in-touch one that combines insights from science and tech, with the ancient wisdom of our indigenous neighbors.
  This is why we intentionally designed socio-economic governance practices that use social dynamics (cooperation, coopetition) to facilitate self- and community- wellbeing.

What does this look like?

Tokens: (Citizen NFT, Land NFT, DAO member SBT/dNFT, voting NFT)

In a nutshell Satoshi Island members transparently contribute their goods and services to a commitment pool (an economic commons),
and in return receive other goods and services (bartering),
and/or transform informal promises, commitments, and real world interactions (RWI) into tangible assets like: real world assets (RWA), citizen NFTs, and Land NFTs.

• RWAs represent the decentralized tangible assets on the Island like the resort, restaurant, gym, diving center, DePIN infrastructure, and intangible assets like energy, and other yield bearing tokens.
  - Citizen NFTs represent adherence to commitments like sharing resources, pooled labor, positive economic engagement, regenerative and peaceful living, and cultural preservation of the Island.
  - Land NFTs represent a time-limited opportunity (lease) to develop the land through partial common ownership incentivized by means like: Land value tax (more development, less tax), demurrage (charges for delays) and revenue sharing with other land NFT holders (DAO members).

This rewards virtuous development, property stewardship, prioritizes community benefits, and prevents labor exploitation and land degradation.

Furthermore, commitment pooling coordinates land management efforts, and accelerates land improvement (aka usufruct).

Voting:

Since Satoshi Island is an experimental co-living and co-exiting Lab, we encourage discovery through the use of quadratic voting and liquid democracy principles.

Removing a TradFi structure we value and encourage acts of kindness (gifting), creativity and authentic self-expression,
which not only builds trust, de-risks investment in the commons, de-commodifies value,
but also deepens empathy, sense of connection, and the ability to navigate through complex socio-economic dynamics.

For example,

we will vote on how resources should be pooled and shared, while protecting tokens from external monetary and economic shocks (e.g interest rates, volatile coin prices)

how to reward value with fulfilled commitments that will provide community services without the need to be financed by grants, loans or taxes that perpetuate dependencies and debt.

Expected outcome:

We believe the only way to fight the instability, inequality and mistrust caused by corporate, government predatory collusion is to create social synergistic cooperation.
Decentralization, clever tokenization and DeFi are not enough to protect us from economic parasites.
(For example low float tokens (few in circulation) and a high listed FDV (fully diluted value) create a gap between the private and liquid token prices causing price drops that hurt loyal community members).
That is why we seek to govern an economic commons by incentivizing DAO members to monitor, report and verify data, and vote on governance protocols that are followed and improved.

Finally:

On Satoshi Island our code follows two core values (or categorical imperatives):

1.Regenerative design, recognizing that our capability to do- is infinite.
2.Applying Satoshi’s principles of transparency, trust and peer-to-peer transactions.

We believe our new social order will allow us to attain a higher level of civility by incorporating natural principles (biomimicry), indigenous knowledge and technological advances.

Instead of replicating a Service Economy with traditional goods and services, lower taxes and a lax regulatory environment,

we are building a Meaning Economy that primarily values and rewards the creation, exchange and trade of tokenized experiences, relationships and personal growth.

Author: Dr Alex Cahana