Knowledge beachcomber interested in the ownership economy, flourishing communities, ecosystem building, magic, and knowledge as an end to itself.
The core problem is not that open source projects are not sharing the money received. The problem is that, in total numbers, open source is not getting enough money. $2.5 million is not enough. To put this number into perspective, startups get typically much more than that.
In-group Cheems is particularly pernicious because of the strength of peer effects. If you are surrounded by like-minded, ambitious, will-to-act-havers, you are unlikely to find yourself much affected by In-group Cheems.
Uhh… a massive DAO just voted to “refund” one of their investors who was owed a 30x return ($5M+)
This is an insane story that impacts all builders in web3 and as a founder I need to speak out
Merit Circle DAO vs YGG 🧵