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30 | 30 | url: '/tutorials/introduction-tutorials/introduction/'
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31 | 31 |
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32 | 32 | ---
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33 |
| -# @[youtube]() |
| 33 | +# @[youtube](TXiLbqse86s) |
34 | 34 |
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35 | 35 | ## Introduction
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36 | 36 |
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@@ -156,7 +156,7 @@ Ideally, funding should be allocated based on merit, with open competition, clea
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156 | 156 |
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157 | 157 | As a result, voting often relies on community groups creating proposal lists or individuals promoting projects through direct messages and "shilling". This undermines the goal of impartial evaluation, favouring projects with strong backing or marketing prowess over those with genuine merit.
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158 | 158 |
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159 |
| -Moreover, Catalyst's on-chain plutocratic voting system, rooted in the [disproportionate distribution of ADA](https://beta.explorer.cardano.org/en/addresses), exacerbates challenges in accurately reflecting community consensus. This system can stifle innovation, leading to a funding landscape that favours those with greater wealth and influence. |
| 159 | +Moreover, Catalyst's on-chain plutocratic voting system, rooted in the disproportionate distribution of ADA, exacerbates challenges in accurately reflecting community consensus. This system can stifle innovation, leading to a funding landscape that favours those with greater wealth and influence. |
160 | 160 |
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161 | 161 | While Catalyst has achieved significant success in fostering community-driven innovation, its inadequate incentives and social choice mechanisms pose challenges to equitable funding allocation. As the ecosystem matures, addressing these issues will be essential to ensure Catalyst truly reflects the collective will of the community.
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162 | 162 |
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214 | 214 |
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215 | 215 | Token engineering is a dynamic and collaborative field. Embrace experimentation, learn from others, and help build a brighter, more inclusive future—one token at a time.
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216 | 216 |
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| 217 | +##### Acknowledgements |
| 218 | +Thank you to [Yuta](https://x.com/yuta_cryptox) for helping with Japanese translation. |
| 219 | + |
217 | 220 | [^1]: North, Douglass. [The New Institutional Economics and Development](https://faculty.sites.iastate.edu/tesfatsi/archive/tesfatsi/NewInstE.North.pdf). Washington University, 1993.
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218 | 221 | [^2]: Chen, Andrew [The Cold Start Problem: How to Start and Scale Network Effects](https://andrewchen.com/wp-content/uploads/2022/01/ColdStartProb_9780062969743_AS0928_cc20_Final.pdf). Harper Collins, 2021.
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219 | 222 | [^3]: Civil, Miguel. [Sumerian Harvest Time](https://www.penn.museum/sites/expedition/sumerian-harvest-time/). Expedition Magazine, 1963.
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