Difference between revisions of "Decentralized autonomous organization"

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The Bisq exchange network is organized as a decentralized autonomous organization (DAO). The Bisq DAO's purpose is to make the Bisq's governance model as decentralized and censorship-resistant as the Bisq network itself.
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The Bisq network is organized as a decentralized autonomous organization (DAO). The Bisq DAO's purpose is to make the Bisq's governance model as decentralized and censorship-resistant as the Bisq network itself.
  
 
The Bisq founders realized that decentralized software—no matter how technically robust—is no good if it’s still controlled by a single entity. All the software’s technical strength would be worthless if the whole project could be ruined by attacking the single entity that runs it.
 
The Bisq founders realized that decentralized software—no matter how technically robust—is no good if it’s still controlled by a single entity. All the software’s technical strength would be worthless if the whole project could be ruined by attacking the single entity that runs it.
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The Bisq project needed infrastructure to provide these functions, and the Bisq DAO is its solution.
 
The Bisq project needed infrastructure to provide these functions, and the Bisq DAO is its solution.
  
'''''This page collects all resources which aim to help you learn more about the Bisq DAO, what it is, and how it works!'''''
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{{Admonition_Note|You do not have to participate in any aspect of the DAO or BSQ to use Bisq, but you may find it interesting. It's built entirely on Bitcoin and been operating since early 2019 without major issue.
  
== General Informtation ==
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This page aggregates resources to help you learn more about the Bisq DAO, what it is, and how it works!}}
  
=== Introduction to the DAO ===
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== General Information ==
  
[[Introduction_to_the_DAO|A plain language introduction to the Bisq DAO]]  
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* [[Introduction to the DAO]] - a plain-language introduction to the Bisq DAO.
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* [https://www.youtube.com/playlist?list=PLFH5SztL5cYPAXWFz-IMB4dBZ0MEZEG_e Bisq DAO in Brief (videos)] - quick, short video series on the Bisq DAO (7 videos, 3-4 minutes each)
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* [https://www.youtube.com/playlist?list=PLFH5SztL5cYOLdYJj3nQ6-DekbjMTVhCS Bisq DAO Basics (videos)] - longer videos covering everything from the basics of bitcoin transactions and colored coins to the economic and technical roots of the BSQ token
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* [[DAO_user_reference|DAO user reference]] - high-level details on BSQ, technical workings, and voting cycles
  
=== Bisq DAO in Brief (videos) ===
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== Guides ==
  
[https://www.youtube.com/playlist?list=PLFH5SztL5cYPAXWFz-IMB4dBZ0MEZEG_e Quick, short video series] on the Bisq DAO. Get up to speed with a handful of 3-4 minute videos.
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* [[Paying trading fees with BSQ]] - get lower trading fees and compensation Bisq contributors
 
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* [[Participating in a DAO voting cycle]] - see how to make a proposal, vote, and take part in Bisq governance
=== Bisq DAO Basics (videos) ===
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* [[Making a compensation request]] - get compensated for your contributions to the Bisq network
 
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* [[Contributor checklist]] - resources and advice on how to get started contributing to Bisq
[https://www.youtube.com/playlist?list=PLFH5SztL5cYOLdYJj3nQ6-DekbjMTVhCS A more thorough treatment] of the DAO covering everything from the basics of bitcoin transactions and colored coins to the economic and technical roots of the BSQ token and how it powers the Bisq DAO.
 
 
 
== User Guides and Use Cases ==
 
 
 
=== User Guide for Traders ===
 
 
 
[[DAO_user_for_traders|Use BSQ]] to get lower trading fees and compensate contributors
 
 
 
=== How to run a seed node ===
 
 
 
Information on the workings of and how to operate a [[How_to_run_seednode|Bisq seed node]]
 
 
 
=== How to run a pricenode ===
 
 
 
Information on the workings of how to operate a [[How_to_run_pricenode|Bisq price node]]
 
 
 
== Contributor Docs ==
 
 
 
=== User Guide for Contributors ===
 
 
 
[[DAO_user_for_contributors|Govern Bisq]] through the DAO by contributing, making proposals and voting
 
 
 
=== Contributor Checklist  ===
 
 
 
[[Contributor_checklist|The one-stop doc]] to help you start contributing to Bisq.
 
 
 
=== Requesting Compensation and Voting  ===
 
 
 
Contributed to the Bisq Network? Great (and thank you!). [[Compensation|Here is how to request compensation for your work.]]
 
 
 
=== DAO Proposals ===
 
 
 
How to make a [[Proposals|proposal]] to the DAO.
 
  
 
== Reference Material ==
 
== Reference Material ==
  
=== Bisq DAO User Reference ===
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* [[DAO_technical_overview|DAO technical overview]] - see (1) what BSQ tokens actually are, how they’re created, and how they’re destroyed and (2) the various functions of the Bisq DAO and how BSQ enables them. The document includes several example transactions so you can explicitly see the processes.
 
 
[[DAO_user_reference|Practical details on using the DAO]], along with a brief technical overview: read this to understand what happens behind the scenes as you use the DAO.
 
 
 
=== Bisq DAO Technical Overview ===
 
  
[[DAO_technical_overview|Technical details]] of (1) what BSQ tokens actually are, how they’re created, and how they’re destroyed and (2) the various functions of the Bisq DAO and how BSQ enables them. The document includes several example transactions so you can explicitly see the processes.
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== Outdated documents ==
  
=== Phase Zero: A Plan for Bootstrapping the Bisq DAO ===
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'''The following documents are outdated.''' They are provided here purely for those who would like to explore the ideas upon which Bisq was built, and how it has evolved through the years.
  
[[Phase_zero|An overview]] of the philosophy behind Bisq, the Bisq DAO, why both were created, and how it planned to decentralize its own governance from the very beginning.
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* [https://bisq.wiki/images/e/e5/Bisq-dao-phase-zero.pdf Phase Zero] [PDF] - a thorough plan published in late 2017 covering the vision for the Bisq DAO, why it's needed, and how it would be rolled out
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* [https://bisq.wiki/images/a/a1/Bisq-dao-overview-legacy.pdf Overview] [PDF] - an earlier version of the Phase Zero document
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* [https://bisq.wiki/images/2/23/Bisq-dao-techspec-legacy.pdf DAO technical spec] [PDF] - a technical overview of the Bisq DAO written about 2 years before it launched
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* [https://bisq.wiki/images/6/6d/Bisq-white-paper.pdf White paper] [PDF] - a detailed look of Bisq's founding mission and principles, written early on (within a year of its launch)

Latest revision as of 00:00, 28 April 2021

The Bisq network is organized as a decentralized autonomous organization (DAO). The Bisq DAO's purpose is to make the Bisq's governance model as decentralized and censorship-resistant as the Bisq network itself.

The Bisq founders realized that decentralized software—no matter how technically robust—is no good if it’s still controlled by a single entity. All the software’s technical strength would be worthless if the whole project could be ruined by attacking the single entity that runs it.

Thus the need for decentralizing the resources in charge of running Bisq itself. These resources cannot be organized in the form of a company, a nonprofit, or any other traditional organization because a single entity would be a single point of failure. But what to do? How can a project do anything useful without becoming an organization with some kind of structure? How can strategy be determined? How can resources be allocated? How can work get done? How can revenue be earned, and how can it be distributed?

The Bisq project needed infrastructure to provide these functions, and the Bisq DAO is its solution.

Note
You do not have to participate in any aspect of the DAO or BSQ to use Bisq, but you may find it interesting. It's built entirely on Bitcoin and been operating since early 2019 without major issue.

This page aggregates resources to help you learn more about the Bisq DAO, what it is, and how it works!

General Information

Guides

Reference Material

  • DAO technical overview - see (1) what BSQ tokens actually are, how they’re created, and how they’re destroyed and (2) the various functions of the Bisq DAO and how BSQ enables them. The document includes several example transactions so you can explicitly see the processes.

Outdated documents

The following documents are outdated. They are provided here purely for those who would like to explore the ideas upon which Bisq was built, and how it has evolved through the years.

  • Phase Zero [PDF] - a thorough plan published in late 2017 covering the vision for the Bisq DAO, why it's needed, and how it would be rolled out
  • Overview [PDF] - an earlier version of the Phase Zero document
  • DAO technical spec [PDF] - a technical overview of the Bisq DAO written about 2 years before it launched
  • White paper [PDF] - a detailed look of Bisq's founding mission and principles, written early on (within a year of its launch)