As we express ourselves together to create a new ‘uncommons’ in the bitcoin and blockchain space, let us acknowledge and keep in mind at the start the importance of how to live in and manage a ‘commons.’
8 Principles for Managing a Commons
by Elinor Ostrom
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Define clear group boundaries.
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Match rules governing use of common goods to local needs and conditions.
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Ensure that those affected by the rules can participate in modifying the rules.
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Make sure the rule-making rights of community members are respected by outside authorities.
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Develop a system, carried out by community members, for monitoring members’ behavior.
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Use graduated sanctions for rule violators.
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Provide accessible, low-cost means for dispute resolution.
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Build responsibility for governing the common resource in nested tiers from the lowest level up to the entire interconnected system.