Watching Wikipedia, one of the most visited websites on the Internet, literally *beg* for donations each year really hits home why we need tokenized, community-owned networks. It should not have to be this way.
I just talked to a founder whose startup is growing "only" 25% a year and thus felt he needed to get bought. I explained that if he did, he'd need to find somewhere to invest the proceeds, and he'd be unlikely to find any investments that grew at 25% a year.
Memes: The other reason people might want a token is simply the belief that other people want the token, and will want it in the future. You can call it faith, conviction, or memes, but, whatever you call it, the machine that generates belief in the growth of future value is always going to be an important consideration.
Decentralisation should not come at the expense of efficiency in the long run. Progressive decentralisation enables an initial team to search for product market fit on its way toward credible neutrality. We will explore examples of DAOs doing this through constrained delegation and working groups, as well as the tools that provide additional layers... See more