Population

Definition

The population that participates in, or is subject to, the Telcoin Platform governance system.

Primary Actors: Miners

There are four types of primary actors, who we refer to as miners and separately as “Miner Groups,” including Stakers, Developers, Liquidity Miners, and Validators. Miner Groups are made up of individual participants who consume, produce resources, and harvest TEL from the Telcoin Platform based on rules that are set, enforced, and refined by Telcoin Platform governance.

Functionally-based Differentiation

Each type of miner serves a distinct function in production across jurisdictional areas of the Platform and harvests from separate flows of (a) fees from consumption of services they produce and (b) TEL issuance that originates from a primary, renewable source called the TEL Treasury.

Plural Community Interest Groups: Miner Groups

Stakers, Developers, Liquidity Miners, and Validators, the Miner Groups, can be most simply understood as sub-groups of the broader Miner (who constitute the Miner Assembly) community with shared rights and interests in the Telcoin Platform. Each Miner Group represents distinct segments of the larger community and possesses distinct attributes, interests, power, and roles in the consumption, production, management, and governance of Telcoin.

Costs of collective-action

The decisions made in collective action over the shared system and benefits it generates can result in external costs imposed specific to each Miner Group by other Miner Groups. For example, if the system was exclusively governed by Validators, Validators could easily vote to revoke the ability for other groups to harvest TEL.

Empowering Miner Groups with Governance Authority over Telcoin

Based on their functionally-differentiated attributes, relationship with the platform, property rights over the system and the flows of benefits it generates, and their collectives’ shared interests in protecting their rights, each Miner Group is empowered with equal power and control over, with, and within the Telcoin governance system..