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
We need to try to create governance and economics structures that increase GDP, not just sales. https://t.co/eKv1Eik1EY
@tmiyatake1tmiyatake1.icon December 12, 2021
/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
@divine_economydivine_economy.icon December 11, 2021
DAO is a state
Layer1 is GDP
It's not about stock prices, it's about total circulation (closer to the image of a country)
https://twitter.com/RealNatashaChe/status/1457060324939423745?s=20
"Some people are applying value investing frameworks for stocks to crypto, but that's wrong." The discussion about how ideology's belief = belief in currency
/emoji/twitter.icon winning web3 protocols will be designed like countries🧵great web3 protocols will... ⬇️
@EmmaBWaldronEmmaBWaldron.icon December 11, 2021
1. Gather people through faith
In the case of the United States, the Pledge of Allegiance gathered people of many races and backgrounds
In the case of China, Mao Zedong spread the ideals of the People's Liberation Army
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
In the case of the United States, people are allowed to carry weapons and overthrow the government? Based on the right of revolution based on natural law?
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