Better Aligning Value Creation & Value Capture

Zooming out, this is where capitalists and socialists should finally find common ground. In this new world, everyone becomes an investor. We go from thousands of people with financial upside in companies, to millions. We go from 1% capital to 99% capital. On any given platform, labor becomes capital. The ethos of a co-op merged with the efficiency ... See more

This means, for the first time ever, we can have community ownership and network alignment completely consistent with capitalism. And this is uniquely unlocked by crypto tokens that enable us to distribute the value of ownership in the same way we distribute information — instantly, to anyone, anywhere in the world.

The ownership economy is correcting for the gaps the LLC created, reviving the concept of co-ops and making it sustainable.

The ownership economy thesis is that value in past web platforms — Wikipedia, YouTube, Twitter, Peer-to-peer networks/marketplaces, etc — is generated by users who never retain any of it. Users contribute value, but they don’t capture it.

The joint stock corporation expanded the group of people who had financial upside from just founders to founders and employees. Crypto networks will expand this from founders and employees to founders, employees, and users.

Many issues people have with social networks and technology arise from a mismatch between the nature of these networks and the legacy corporate structures that govern them.

The discrepancy between value capture and value creation isn’t unique to stars, it’s felt across the board. In every network or marketplace, for example, users/customers create a lot of value, but they don’t capture any of it financially. What’s valuable about Facebook and Twitter is the unique data they have, data that we have users have provided.... See more

-Second, it allows customers to also be investors, sharing in the financial upside of their favorite creator.

-First, it allows for granular price tiering, which enables super fans to pay more based on their level of interest in the creator.