Alex Wittenberg

Our advice: require contributors and other governance participants to disclose their conflicts of interest for meaningful conflicts (e.g., investments that are >1% of their net worth).

“Because children grow up, we think a child’s purpose is to grow up,” Herzen says. “But a child’s purpose is to be a child. Nature doesn’t disdain what only lives for a day. It pours the whole of itself into each moment … Life’s bounty is in its flow. Later is too late.”

For any crowdfund, you will need to make specific choices related to the token supply. We recommend talking through these questions with your founders:What will be the total initial supply?Will it be fixed? (e.g. will future token creation be restricted)

The decentralized economy will truly be unleashed.As we move towards a future with broadband liquidity, it becomes challenging to imagine what, exactly, that future looks like. While we know that deep liquidity will enable reliable pricing and less volatility, the implications are much more intriguing.

“The idea of the future, pregnant with an infinity of possibilities, is thus more fruitful than the future itself,” Bergson wrote, “and this is why we find more charm in hope than in possession, in dreams than in reality.” Once again, the seemingly dispiriting message here is actually a liberating one. Since every real-world choice about how to... See more

Every single action we take — calling our grandparents, cleaning up the kitchen or, today, scrolling through our phones — is a transaction. We are taking what precious little attention we have and diverting it toward something. This is a zero-sum proposition, he realized. When you pay attention to one thing, you ignore something else. 

Tokens are viewed as a way to circumvent this problem 

There’s another thing cooperatives have in common: They tend to unite around a shared set of principles. The Rochdale Principles are a set of cooperative ideals developed by the Rochdale Society of Equitable Pioneers. Nearly two centuries later, cooperatives around the world still use them as a foundation.

Generally, decentralized applications fall into two classes, likely with a substantial gray area between the two. The first class is a fully anonymous decentralized application. Here, it does not matter who the nodes are; every participant is essentially anonymous and the system is made up of a series of instant atomic interactions. BitTorrent and... See more