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"Yang is betting that more people will volunteer in beneficial projects if they’re incentivized with a crypto carrot on a digital string." Paid volunteers? Ar

"Yang is betting that more people will volunteer in beneficial projects if they’re incentivized with a crypto carrot on a digital string." Paid volunteers? Aren't people who do that called employees? "Earlier this year, Yang announced his new firm Lobby3 was intending to use blockchain technology for political lobbying. Lobby3 is technically a decentralized autonomous organization (DAO), which promises those who buy in can get a seat at the voting table to determine how they try to influence Washington politics." Crypto-graft is still graft. Now you can buy votes as part of a distributed collective. How innovative!

PopAlongKid 4y ago
>Paid volunteers? Aren't people who do that called employees? Further, recipients must now answer a question on their income tax return whether they received digital assets during the year other than by purchase with money. It is taxable income.
djohnston 4y ago
To your last point, I don't see how creating a distributed lobby organization isn't innovative. Washington lobbying is dominated by insiders with special access. This would break out of that dynamic. Could you explain why you don't find it innovative?
- thesuperbigfrog 4y ago
  You are correct. Using a DAO / Web3 stuff for lobbying IS innovative. I am just disgusted with the state of lobbying and campaign financing in the US. Some members of Congress are so incestuously funded by corporations, special interest groups, and lobbying groups that they might as well wear NASCAR jumpsuits to show who they really work for: https://www.nascar.com/wp-content/uploads/sites/7/2018/09/COM-R16-MENCS-Playoffs-hero.jpg https://www.nascar.com/wp-content/uploads/sites/7/2018/09/CO... Under that lens, a lobbying DAO is just another "patch" a politician could be wearing to show who sponsors them.
  - djohnston 4y ago
    I agree, it's gross and corrupt. In order for regular citizens to seize control again, we either need blood in the streets of the power brokers, or to change the system peacefully from within. To achieve the latter, I think democratising access to the existing corrupt system is a promising idea.

PopAlongKid 4y ago

>Paid volunteers? Aren't people who do that called employees? Further, recipients must now answer a question on their income tax return whether they received digital assets during the year other than by purchase with money. It is taxable income.

djohnston 4y ago

To your last point, I don't see how creating a distributed lobby organization isn't innovative. Washington lobbying is dominated by insiders with special access. This would break out of that dynamic. Could you explain why you don't find it innovative?

thesuperbigfrog 4y ago
You are correct. Using a DAO / Web3 stuff for lobbying IS innovative. I am just disgusted with the state of lobbying and campaign financing in the US. Some members of Congress are so incestuously funded by corporations, special interest groups, and lobbying groups that they might as well wear NASCAR jumpsuits to show who they really work for: https://www.nascar.com/wp-content/uploads/sites/7/2018/09/COM-R16-MENCS-Playoffs-hero.jpg https://www.nascar.com/wp-content/uploads/sites/7/2018/09/CO... Under that lens, a lobbying DAO is just another "patch" a politician could be wearing to show who sponsors them.
- djohnston 4y ago
  I agree, it's gross and corrupt. In order for regular citizens to seize control again, we either need blood in the streets of the power brokers, or to change the system peacefully from within. To achieve the latter, I think democratising access to the existing corrupt system is a promising idea.