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by tbirdz
2252 days ago
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Hypothetically speaking, what would be the best way to handle voting rights and distribution of power in a domain registrant coop? Does every domain holder have the same amount voting power, like in a democracy, or do large orgs like Mozilla or Wikimedia get proportionally more votes like large shareholders in corporations do? And if we allocate votes based on stakes invested, what would stop someone from buying their way in and taking over the same way it happened with PIR? |
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Every member of a cooperative gets an equal vote in all governance decisions, and it’s not possible for the board to change that, that’s guaranteed by law, not contract or charter or agreement or anything. It’s also not possible to create membership “classes” with different rights. Also, the rights of capital are subordinate. Creditors, for instance, get no say in what happens.
That’s governance. Finances are equally clearly defined, but instead of one-vote-per-member, they’re proportional. If the wholesale price of a .ORG domain remains $9.93/year, and the savings (which are the “profits” in a corporation like ISOC) are $4, those savings are guaranteed by law to be distributed back to the members proportionally with the amount of business they did. Someone with one .ORG domain will get $4 back at the end of the year, someone with ten .ORG domains will get back $40, et cetera.
We don’t have to debate these terms, because they’ve been inalienably guaranteed by law for the past four hundred years.
Which is why we picked a cooperative as the best form for self-representation.