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So that's correct to the extent that when most people think of co-ops, they think of the seven principles or whatever. Which makes sense, because the labor move
by Alex3917 9y ago
So that's correct to the extent that when most people think of co-ops, they think of the seven principles or whatever. Which makes sense, because the labor movement has had a huge influence over what co-ops today look like.
I think though that an equally valid alternative vision is what's laid out by the Howey Test, where the value of a token needs to come from the network participants rather than from a central party or a promoter. This naturally leads to a situation where the most successful co-ops are the ones that best incentivize their members to create value, e.g. by giving them ownership for creating value. This is the great race that's currently happening in the space as companies are fighting to figure out how to best do this, since every single industry is ultimately going to get reimagined and every sector of the economy is up for grabs.
Over time we'll likely see a hybrid between the minimalist game-theory driven co-ops (e.g. FileCoin) and the principles of labor-movement-style co-ops, as they make sense and as they're (re)proven to actually incentivize people.