Jesse Walden on Warpcast

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https://warpcast.com/~/channel/0to1

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Jesse Walden pfp

Variant Thesis: Ownership as keystone of user experience, bootstraps networks bigger faster. Works best when: 1) There is a moral/normative imperative—a movement that people want to participate in. Skin in the game enhances belief, resulting in a more exciting/engaged experience. Examples: “chancellor on brink,” “world computer”, “open finance/internet capital markets”, “actually open AI” etc. 2) There is a product that people love and intuitively want to own, where skin in the game of investment enhances the experience of using the product, sometimes with additional utility. Examples (fewer come to mind because regulatory red tape has made it difficult to distribute ownership to product users, as compared with protocols): Digital Art (NFTs), Tesla, Uniswap, Hyperliquid, etc. If you’re not leaning into one of these two things, ownership may be a really expensive/ineffective way to scale network effects. Thoughts?

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Any favourites in the 'actually open AI' side that you think are leading the way? Or any particular innovations you are looking to find on that side, side as IMOs?

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Vinay Vasanji pfp

@vinayvasanji.eth

/revnet is perhaps the most interesting way to achieve #2 built by the juicebox team on the new v4 - enables investment and revenue tokenization like a vending machine (eth in, project token out) but with a bunch of novel levers to align everyone this older piece by @jango.eth - project lead - is worth reading https://jango.eth.limo/9E01E72C-6028-48B7-AD04-F25393307132/

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Philip Sheldrake

I sense this is going somewhere very interesting!   1/2 To attempt to paraphrase your cast @jesse, it has been unimaginative (putting it politely) to define web3 in terms of read-write-own. While the Variant homepage leads with “Investing in an internet that turns users into owners”, are you perhaps setting out to revise the thesis? If so, we’d love to help!   A purpose proposes (etymologically in fact!) you put skin in the game. To take up the proposal is to put something of value at risk. Attention. Money. Social capital. Anything you value. To take up the proposal is to expect something of value to be created. From a self-interest. Or from a system-interest. And ideally both. To take up the proposal is to identify with it, and be seen to identify with it.

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What if a company paid you in their own token when you buy services/products from them as an alignment incentive? id be rich if each time i bought an apple product i had spent the same amount on its stock many such cases

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