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There’s plenty of room between the current vig (0%) and profits. Which is how I’ve come around to blockchains for social. Not just for equity, but trust: you c
by nwienert 5y ago
There’s plenty of room between the current vig (0%) and profits.
Which is how I’ve come around to blockchains for social. Not just for equity, but trust: you can see the governance contracts / how equitable / how easy to change the deal is.
- yunohn 5y ago> Which is how I’ve come around to blockchains for social. I’m speechless. If you’re actually serious, could you give some examples of the social networking apps/features you are using via the blockchain?
- nwienert 5y agoThere's a ton of small DAOs, I don't think anyone has scaled up yet. But given you're speechless, hard to assume you're even open to the idea.
- yunohn 5y agoI’ve never heard anyone describe a DAO as a social network. Could you explain what that means in relation to more commonly known social networks (FB, Reddit, HN)?
- nwienert 5y agoThere are many, but the best are smaller for now. Many feel a bit more akin to the early web, on purpose. - https://www.fwb.help https://www.fwb.help - https://mirror.xyz https://mirror.xyz
- yunohn 5y agoI never understand why crypt enthusiasts can’t explain their crypto applications? Everything is DYOR and links to landing pages or white papers.
- nwienert 5y agoI agree on this point more generally in the space, but for DAO's a bit different. Clubs are social and often designed to have a barrier to entry, this mirrors the real world. Small communities are higher quality, so this is rational.