Governance System

Governance System

Policy Area

The Telcoin Platform governance system is a set of institutions tailored towards managing and governing human and technological interactions with the Telcoin Platform and the flows of TEL it generates.

Policy Area: Summary

The Telcoin governance system is a set of institutions or rules systems tailored to managing and governing human and technological interactions with the Telcoin Platform, a blockchain-based, common pool resource system, and the flow of benefits it generates, including TEL issuance and a complementary set of blockchain goods and services.

Telcoin governance is authorized and responsible for providing for the maintenance and construction of the Platform, allocating the subtractable flow of TEL issuance, and determining and enforcing operational, collective, and constitutional-choice rules for interacting with the system and between actors.

Overview

  • Economic Policy Area: Rules systems tailored to a particular class of goods based on the economic attributes of the good or service under analysis (e.g. private, public, toll, or common-pool).
    • Nature of the Good: Common-pool resources (CPR).
  • Environmental Policy Area: Rules systems tailored to a specific ecological system, geographic area.
    • Blockchain Systems: The Telcoin Platform and the flows of TEL issuance and other benefits it generates.

    • Economic Policy Area

  • Nature of the Good: Common pool resource

    • Determining the economic nature of a good or service

    The economic nature of a good or service can be determined by (1) the extent to which access can be controlled (i.e. excludability) and (2) the extent to which one person’s consumption reduces the available supply available to others (i.e. subtractability).

    The Typology of Goods

    AttributesHigh exclusion costsLow exclusion costs
    High subtractability of useCommon-pool resourcesPrivate goods
    Low subtractability of usePublic goodsToll goods (Club)

    The Telcoin Platform is a common-pool resource (CPR)

  • Exclusion costs: High; The Telcoin Platform is a blockchain system from which it is difficult to exclude user access.
  • Subtractability of use: High; the Platform generates a flow TEL and other blockchain products which subtract from the available supply upon extraction.

    • Challenges Associated with Governing CPRs

    Appropriation and Provisioning Problems and Solutions

    CPR problems can be usefully clustered into two broad types: appropriation and provision.

  • Appropriation: Refers to the act of extracting or harvesting resource units from a CPR system. Appropriation is commonly referred to as mining or harvesting TEL throughout documentation.
    • Problems: The subtractive nature of the resource units, or the benefits generated by common pool resources, produce appropriation problems, such as exhausting the TEL supply to unsustainable levels, where participants must be incentivized to temper their consumption of an exhaustible resource.
    • Solutions: This is accomplished by various means, including agreement on the level of appropriation, the method for appropriation, and the allocation of output.
  • Provisioning: Refers to providing (planning and financing) goods and services facilities.
    • Problems: The public nature of the resource system creates provision problems, such as planning and financing improvements to Platform infrastructure, where participants must be incentivized not to free-ride on the efforts of others to provide the public good.
    • Solutions: An analysis of provision problems begins by considering the optimal size and productive nature of the resource facility in relation to the cost of providing that facility and the set of beneficiaries to be included.

    • Domain: Telcoin Platform

    Telcoin Platform Policy Area

    The Telcoin governance system is a set of rules tailored to interactions with the Telcoin Platform, a nested structure of blockchain infrastructure networks, and the flows of subtractive benefits it generates including TEL and other blockchain goods and services.

    The Telcoin governance institution is a set of rules

    A more general way of thinking about the Telcoin Platform governance regime is as a set of rules that regulates the following:

  • Who is allowed to harvest TEL issuance from the Platform;
  • The timing, quantity, location, and technology used to harvest TEL issuance;
  • Who is obligated to contribute resources to plan, finance and coordinate the construction, maintenance, administration of the platform, its subsystems, and other public goods and services;
  • How harvesting and obligation activities are monitored and enforced;
  • How conflicts over appropriation and obligation activities are to be resolved;
  • How the rules affecting the above will change over time with changes in the performance of the resource system and the strategies of participants.

    • Learn more here

    Economic Policy Area: Common Pool Resource

    Policy Domain: Telcoin Platform

    Telcoin Platform