sari

Tarun Chitra provided an excellent description of when governance is needed within DAOs in his recent piece for a16z,

For example, for the first time ever, creators can now sell works as NFTs that are hard-coded to generate royalties from all future resales, in perpetuity. This means that every time one of their works is re-sold at auctions, on a marketplace, on streaming services, etc. the actual creator is compensated directly, along with the new seller.

Brave thing I heard in a board meeting this week: “I don’t know if we have a good answer to that, yet.” Admitting you *don’t know* the answer is hugely productive. We’re trying to find, together, the important things we don’t know the answers to Striking how rarely it is said

Consider text: given that newspapers monetized by placing advertisements next to news stories, the first websites tried to monetize by — you guessed it — placing advertisements next to news stories. This worked, but not particularly well; publishers talked about print dollars and digital dimes, and later mobile pennies. Sure, the Internet drew atte... See more

When you have 700 million people a day doing something — and have been even before this started for some period — that’s not just a temporary thing. The trend was already going in that direction.