It doesn't matter so much whether that stake is economic or not -- in fact I think non-economic stake (e.g., reputation) can be a much bigger motivator.
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I was asked to define "community" in the context of Ethereum and other projects. My answer may be a little contrarian, but to me, community is about ownership - feeling not just that I am part of something bigger than myself, but that I have some skin in the game.
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I never felt part of a "community" at the hedge fund I worked for since I had no real stake, and no matter how much noise Uber makes about "community," I don't buy it. You exist to serve wealthy investors. Leave me alone. It's marketing mumbo jumbo.
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For this reason I think the projects that "win" e.g. Bitcoin and Ethereum are the ones that understand this, implicitly or explicitly, and empower the broadest segment of the population to take ownership and stewardship over the code/protocol/network. Ergo community. Qed.
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Just found this article from
@jbrukh - thanks for beating me to the punch, Jake :) And glad we agree about the importance of ownership!https://blog.coinfund.io/community-ownership-as-a-blockchain-adoption-model-71a87f167de2 …Show this thread
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