The decentralized automated organization (DAO) structure and the technologies underpinning them -- transparent ledgers, smart contracts, cryptocurrencies, automated governance and certifiable digital ownership -- were created specifically and solely to align incentives. And now that they have been in the market for several years, we are starting to... See more
It would be somewhat analogous to Adobe giving you a few shares of stock for learning how to use Photoshop. However, these aren’t centralized software developers, they’re networks.
A jpeg promises a jpeg, sitting in the static 1s and 0s of the present. But a social token promises whatever opportunity people want it to signify. As Tina He intimates above, a social token is literally the right to a dream.
What I mean is, long ago, for who knows how many thousands of years, the primary means of communication or media was talking about things. We lived in villages or tribes. If somebody had an idea, they didn’t write a book about it; they spoke about it. If somebody wanted wisdom from the past, they didn’t go to the library; they asked someone more ex... See more