Just finished reading the @oscoin whitepaper. I agree with the problem statement, that open source projects are playing a bigger and bigger role in critical infrastructure and that we haven't figured out how to incentivize their contributors. But help me understand something...https://twitter.com/oscoin/status/1108717905527623680 …
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Lane Rettig Retweeted Andrew Milenius
As
@RealZandy asked here, "Who is on the buy side" of this token? I am not an economist (crypto- or otherwise) and I haven't done nearly the degree of analysis that folks like@cburniske and@mZargham have, but I have a strong intuition here.https://twitter.com/RealZandy/status/1108764945099960320?s=20 …Lane Rettig added,
3 replies 0 retweets 7 likesShow this thread -
If
@oscoin becomes a standard platform that developers use to create and maintain open source code, then there are a variety of potential "buy-siders." A few to consider:1 reply 3 retweets 9 likes -
Replying to @cburniske @lrettig and
Early on, there will be the people who want to help capitalize the
@oscoin network, and in so doing, participate in the capital appreciation of what could be a foundational network providing a critical service to developers and the world at large.2 replies 0 retweets 5 likes -
Replying to @cburniske @lrettig and
Long-term, even when the majority of capital appreciation potential is gone, there's the opportunity for all participants in a network to own the capital that capitalizes & organizes the network, as opposed to shareholders alone. Governance, personal, economic reasons all apply.
1 reply 0 retweets 5 likes -
Replying to @cburniske @lrettig and
The next question, as Lane later points out, is what is the extrinsic value of
@oscoin's native asset. This is where I think it will be a variant of cryptocapital, where you will need the asset to perform specific services on the network:https://www.placeholder.vc/blog/2019/4/26/value-capture-and-quantification-cryptocapital-vs-cryptocommodities …1 reply 0 retweets 5 likes -
Replying to @cburniske @lrettig and
In providing those services you will get paid (still a work in progress on what specific services the
@oscoin chooses to accommodate). The asset is thereby the access point to getting paid, and should be valued as the NPV of value flows to supply-siders.1 reply 0 retweets 3 likes -
Replying to @cburniske @lrettig and
More people contributing to the network and getting paid for their services, the better those services become, the more demand-siders there are, and the more the asset is worth as it gives you access to a larger and larger economy of value.
1 reply 0 retweets 4 likes
Last thought: there is also the buy-side of large entities (eg, @Microsoft) that want to stake behind certain projects, either because they must to license them, or they want to signal (just as they stake behind hackathons, events, non-profits like the Linux foundation etc)
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; formerly led crypto
The paper describes Oscoin, a cryptocurrency that rewards open source software projects based on their relative value 