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Since credit card payment processors heavily restrict crowdfunding applications, cryptocurrency is the only option for unmoderated crowdfunding. Combined with
by numtel 5y ago
Since credit card payment processors heavily restrict crowdfunding applications, cryptocurrency is the only option for unmoderated crowdfunding.
Combined with the public nature of blockchains, this massively increases the legibility of the economy. James C. Scott documents in his book, Seeing Like a State, how states have always worked to make populations more legible: squaring up plots of land, introduction of last names, and other measures to make it possible to reason about the population. (In order to better grasp its power.)
This trend has great potential to expand democracy, most importantly if Sybil resistance techniques are improved so that one vote is closer to one person than one token.
I've got a pet idea of starting a DAO to fund research into better techniques for Sybil Resistance. I have hope that there's something better than scanning eyeballs.