Capitalism totally changed that.
Community Capitalism
I wanted to wrap up the year by writing about something I have been thinking about for the last few months:
Who owns the best businesses in the world?
I am trying to draw a line from inherited wealth of feudal lords to community-owned services with tokens.
Capitalism totally changed that.
People without wealth could access it and start new ventures.
Founders started founding new companies.
I predict that we will see competitors to Airbnb, Uber and DoorDash all take advantage of this rule.
https://t.co/ptLHUJyUbQ
SEC: proposed pilot program to allow tech companies to pay gig workers up to 15% of their annual compensation in equity rather than cash https://t.co/EJjLWQatcr
— Jesse Walden (@jessewldn) November 24, 2020
Initial investors in that event who held on to $1,000+ Ether made 3,000x their money. There has never been an event like it.
https://t.co/4S7maTq6As
Protocols are rewarding the participants with a share of the capital.
https://t.co/C93K1H4HD7
12/ I call these \u201cCrypto Cooperatives.\u201d They are not only going to change the world, but help fix it.
— Ian Lee \U0001f4ad (@ianjohnlee) December 30, 2020
What we need to do as quickly and reasonably as possible however is design them for everyone and the people who need them the most\u2014to build a better world for all.
I do not have all the answers to this problem, but my gut tells me that we need more people to become owners of technology.
https://t.co/b3HYOzuLIu
Social networks of today are Delaware-based digital dictatorships
— Ric Burton \U0001f1ec\U0001f1e7 \u2023 \U0001f1fa\U0001f1f8 (@ricburton) December 17, 2020
We will look back on the billions of minds controlled by them as serfs toiling the digital soil for their masters
We cannot let so much value be controlled by a few dudes running companies in California
There is so much amazing stuff to be built. Community capitalism is coming.
I just wanted to get this idea out.
If you would like to read the full post, I just sent it out on Substack: https://t.co/3c9N31W31Y