In Web3, protocols are now like countries
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What it means for protocols to issue Grants
/emoji/twitter.icon The fiat currency coalition (USD) and the crypto currency coalition (ETH) are rivals, and there is an incentive for crypto pioneers to burn dollars pseudo-simultaneously and bring them into the Ethereum sphere. Coinbase and airports.
Whales simply stake and wait for their money to grow, so even if they are rivals in the crypto world, it's better to give out Grants and improve the UX of airports and bring in industries (play2earn) within the region.
@Previous companies, interviews and appearances related to oneselfPrevious companies, interviews and appearances related to oneself.icon December 8, 2021
Creating a Web3 service = Creating a country
/emoji/twitter.icon Creating a Web3 service = 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 one state
Layer1 is GDP
It's not about stock prices, it's about total circulation (closer to the image of a country)
So let's do 0xCommune'
Many people try to value layer 1 blockchain tokens like stocks. That's absurd. Instead of pricing Ethereum, Solana & so on like *companies*, you should price them like *countries*. Here's how.
@TaschaLabsTaschaLabs.icon November 6, 2021
The idea that "some people are applying a value investment framework to crypto stocks, but that's wrong"
Belief in ideology = 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 brought together 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.
Ensuring freedom of speech and allowing everyone to express themselves (in the case of the United States) also allowed for the possession of weapons and the potential overthrow of the government? Perhaps based on the natural right to revolution?
3. Tokens were issued to the community to enable redistribution (economic design)
This is the same structure as a country creating currency
The necessary work for the country is paid to workers using that currency.