Web3 aims to expand ownership re: A) economic upside &B) governance. IMO:
A is underrated—Giving upside to >1000x more stakeholders can disrupt the network effects of aggregators
B is overrated—There'll be some positives, but we'll experience the downsides of unclear leadership
For products to work at scale they need sustainable business models and networks. Would love to see more discourse in web3 about the complex financial incentives conflicts that we’re going to see if the movement goes beyond DeFi/trading-related use cases. A few examples👇
🧱Alternative funding model (inspired by cooperative breweries)
Get 1,000 people to chip in $1,000. Make them members/ co-owners.
Put each person's name on a brick behind the bar.
Let them brag to their friends that they co-own the bar
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