Creating a Web3 service is like creating a country
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/emoji/twitter.icon Creating a Web3 service is like creating a country
/emoji/twitter.icon we're building digital nations.— daos are states— layer 1s should be valued as gdp— what still backs currencies is ideological belief in their legitimacy https://t.co/iIbD6o1FWe Layer1 is GDP
It's not about stock prices, it's about total circulation (closer to the image of a country)
/emoji/twitter.icon winning web3 protocols will be designed like countries🧵great web3 protocols will... ⬇️
1. Gather people through faith
In the case of the United States, the Pledge of Allegiance gathered people of many races and backgrounds The Vatican spread monotheism
2. Ensure community autonomy
In a democratic country, individuals are allowed to vote
Freedom of speech is guaranteed, and everyone is allowed to express themselves
3. Issued tokens that can be returned to the community (economic design)
"This is the same structure as a country creating currency"
The work necessary for the country is paid to the workers using that currency