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Guest Speaker of Microsoft Reactor
As is well-known in the crypto ecosystem, the economic interest in crypto comes in waves — we have already gone through two waves of this and are in the middle of a third one. However, all through this, the ecosystem has been maturing quietly and resolutely underneath all the hype and noise. As a result, the crypto opportunity has significantly... See more
Beyond the network and protocol variety, DAOs come in many flavors. These include:Investment DAOs in which individuals, friends, and colleagues form clubs to invest in web3 startups;
In this post, I’ll introduce the emerging phenomenon of “User-Generated Capital”. This pertains to communities, creators, and other individuals utilizing blockchains to create their own digital assets, digital money, or other stores of value that are both specific to their community and can be owned and utilized independent of platforms.
This means crypto is democratizing access to otherwise private investment opportunities — I think this is pretty cool. But crypto projects still want access to VC capital and expertise. Good VC investors can provide a lot of value and help projects grow and succeed.
This choice of expedience over decentralization is bad in some use cases and harmless in others. The issue Moxie raised is known, and Ethereum developers have spoken and written about them publicly and are working on ways to mitigate them. And I have also written about how each wave of decentralization creates a concurrent wave of centralization.