Cryptociety | Sam McCarthy | Substack

The decentralized crypto protocol community is growing. Unlocking the protocols isn't just for ideological reasons; they'll still work, and anyone can build on them. Like loans, loans, and trading, a decentralized governance system is needed for bitcoin. Crypto startups switching to community governance raises many questions about development, vote... See more

Decentralized governance implemented through DAOs encourages open participation in the development of the DeFi industry. By either purchasing or earning governance tokens, actors not only have the opportunity to share in the risk and reward associated with the monetization of a new financial system, but also the incentive to define the economic and... See more

While many crypto startups have successfully made their users into owners by following the Progressive Decentralization playbook, a number of founding teams feel compelled to step back from their projects at the time of token launch to reduce the risk that their tokens will be deemed securities. An alternative path may allow founders to stay involv... See more