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Noun 40
@noun40
recently found out that @patyiutazza and @krel are both life long magic the gathering fans (yet another subculture) both felt that hasbro (huge toy company) buying the rights to the game back in 1999 was clearly bad for fans the more i’m looking at the world in this lens the more financial misalignment i see between subculture fans and traditional corporate ownership that lands on those subcultures nouns and crypto at large should explore if long term sustainably fan aligned forms of value capture and governance is possible for these subcultures the objective function is different from traditional c corps. it’s not maximizing shareholder profits. it’s being financially sustainable (likely modest growth for long stretches of time) while maintaining the integrity of the culture for fans. the tough part is credible and durable governance without something objective like profits as a north star.
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rocketman
@rocketman
imo still need to figure out financial sustainability, and curious to see how that works at different scales / where it breaks down (does it only work for large scale? can i run it for my neighborhood?) reason nouns is having to lean on trad fundraising to keep the machine going is because value capture of meme vs. spend isn't a sustainable loop yet im trying to focus on smaller scale grass roots funding efforts (small biz etc.) because i think it opens up 1000x small-med subculture engines (but maybe a parent DAO just helps subsidize them all?)
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rocketman
@rocketman
also obv still need to figure out 10x better capital alloc, dao props are just one piece of it
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