# Hello, dear Hive Commuity


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######  TAGGR Hashtag, Ghost In A Shell Style 
## I have written a video summary about TAGGR

## **TAGGR's Unique Features**

- **Pay to Post Model:** Inspired by the jukebox analogy - free to listen, but you pay to play your own song. Uses internal credits as payment.
- **Spam Prevention:** The cost structure discourages spam and promotes thoughtful content.
- **Revenue Distribution:** Credits from user activity are converted to ICP and distributed back to users who create valuable content.
- **Autonomy:** Built to run independently, treasury replenishes system resources as needed.

**Open Internet Service on the Internet Computer**

TAGGR embodies the original vision of open internet services:

- **Ownership:** Users control their data and have a stake in the platform's governance.
- **Transparency:** The dashboard provides public visibility into the ecosystem's health and activity.
- **Experimentation:** The open and chaotic development process allows for dynamic exploration by anyone willing to contribute.

**DAO Structure: How Does it Work?**

- **Proposals:** Seasoned users ("Stalwarts") can submit proposals for code updates.
- **Public Review:** All TAGGR users can scrutinize code changes and discussions for each proposal.
- **Voting:** Voting is weighted by token holdings, ensuring those with the biggest stake have the most say.
- **Supermajority Required:** Proposals need 66% of total voting power to pass.
- **Automated Updates:** Accepted proposals trigger an automatic code deployment, ensuring a streamlined process. https://www.youtube.com/watch?v=btBiagZ7km4

**Decentralization & Nakamoto Coefficient**

- TAGGR has a relatively high Nakamoto coefficient (around 30), indicating substantial distribution of decision-making power.
- However, since many token holders are anonymous, the team advises that this decentralization metric should be taken with a grain of salt.

**Lessons Learned: The Security Issue**

- **Christian's Role:** He describes how the initial DAO mechanism relied on trust that proposals included correct binaries matching the source code.
- **The Incident:** During a transition to decentralization, users were incentivized to vote leading to less scrutiny of submitted binaries. This led to a vulnerability.
- **Lessons Learned:**
    - Importance of code scrutiny regardless of incentives.
    - Need for more robust security safeguards during transitions.

**Key Takeaways**

- **DAO Experimentation:** TAGGR demonstrates that DAOs can have unique structures and decision-making processes. There is no one-size-fits-all model.
- **Transparency as a Strength:** The open communication and public discussion process are valuable, even if sometimes chaotic.
- **Balancing Incentives:** When designing a DAO, incentives need to be balanced with appropriate security and review procedures to prevent unintended consequences.
- **The Value of Community:** The engaged and passionate group of TAGGR users contributes significantly to the platform's direction and stability.
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