Of course, FB or current incumbents likely wouldn't give equity today, but, when the infrastructure is ready, future upstarts will -- not out of sheer benevolence, but as a tactic to bootstrap growth:https://news.earn.com/thoughts-on-tokens-436109aabcbe …
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Agree w/ equity & democratic ownership models - they're vital. But why not both? Redistributive taxes aren't all about distributing scraps after the fact. They change incentive landscape that leads to pre-tax outcomeshttps://twitter.com/OshanJarow/status/1204477356368367616?s=20 …
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Usually comes with a third party enforcer that imposes extra costs (eg middle men) and is hard to contain, led alone remove
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Part of thesis around
@BoostVC's investment in@FairmintCO cc@thibauld@Joris_DLN https://www.fairmint.co/Thanks. Twitter will use this to make your timeline better. UndoUndo
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@PropsProject is exactly that - a new way for existing apps (not dapps) to reward their contributing users with a financial stake in the network they help build. Nearly 1M token holders have been earning and using Props to date https://metrics.propsproject.io/Thanks. Twitter will use this to make your timeline better. UndoUndo
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This is the most interesting underlying thesis of crypto IMO.
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You'd really need to abolish the Accredited Investor standard to make this work. But that's a good thing.
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Believe that's what Libra is out to do. Once MZ sees MAUs/DAUs or whatever begin to drop - turn on the airdrops!!!
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