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Option
Option

A governance mechanism for great good

A governance mechanism for great good

Connor McCormick

From a very high level, Option is about making it profitable for companies to do things considered good by their community. You can mentally categorize Option in the same bucket as mechanisms for retroactive funding for public goods and externality pricing.

I'm not only interested in Option as a solution to this problem but any solution that meets

this criteria.⁠

⁠

Option’s particular approach is this:

Treat governance as externality pricing, and solve externality pricing with a

variant of Coasian Bargaining⁠

⁠

Solve the information asymmetry and

arbitration problem⁠

with an on-chain pseudonymous arbitration system (that's where

https://option.app⁠

comes in)

Solve the judge selection problem with

self-assembling economic communities⁠

which localize consequences for governance choices to the individual (converting public goods into club goods).

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