Alex Wittenberg

One problem with these centralized business models is that they are essentially parasitic to their decentralized counterparts - what makes Linux so valuable is that with thousands of contributors it can offer a level of stability and integrations that other operating systems can’t.

The Catholic legal scholar Cathleen Kaveny has argued that the reason so many of them are so unhappy—despite being generally very well paid—is the convention of the “billable hour,” which obliges them to treat their time, and thus really themselves, as a commodity to be sold off in sixty-minute chunks to clients. An hour not sold is automatically... See more

Ultimately, the non-transactional thing works on the basis of trust. You have to have trust first, before you can get that virtuous cycle going, because you have to start by giving and not knowing what you'll get back. It's something like an abundance mindset, trust in the community. But at the same time, if you give and you don't get meaningful... See more

A year later Chris published a post about his love-hate relationship with Twitter, which took the ideology a step further:

We think that bounties are a very meaningful part of the ecosystem and are likely to grow in importance over time. The reason for this is that most legacy work practices have a high focus on 'roles' - essentially 'employment' - while DAOs are disassembling work into individual tasks or activities to be done from the crowd. This atomic view of tasks... See more

Lorecraft is a natural and adaptive intellectual response to the automation of vast swathes of managerial/leadership functions, and organizational processes.

“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.”

Propose treasury budget to discuss and vote onDefine liquidity requirements based on budgetDecide asset allocation policy and review this policy allocation every monthDefine policy for liquidity mining, token buybacks, salaries and vesting schedule of core contributorsPublish monthly / quarterly financial statementsPublish monthly / quarterly... See more