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A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
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He says <<cryptonetworks are pioneering a new form of “cooperative capitalism” with networks that are owned by users and workers, rather than by third-party shareholders>> — But I think this is a bit off from the cryptonetworks of today, and probably of tomorrow. are hodlers really users or workers?
He says <<cryptonetworks are pioneering a new form of “cooperative capitalism” with networks that are owned by users and workers, rather than by third-party shareholders>> — But I think this is a bit off from the cryptonetworks of today, and probably of tomorrow. are hodlers really users or workers?
Good point. Ethereum or Steemit are probably the best examples but very doubtful that the users own anything close to majority of tokens. Anything inflationary enough has a chance in the long run though.
Good point. Ethereum or Steemit are probably the best examples but very doubtful that the users own anything close to majority of tokens. Anything inflationary enough has a chance in the long run though.
He also says <<Or, take the example of REI — a consumer cooperative with revenues of $2.9B — where consumers, not just shareholders, also earn a dividend based on the purchases they make.>> — But I do not think REI has external shareholders. They do have executive workers who are paid $700k-$3m per year based on performance -- more so to compete for top talent. See: [https://www.rei.com/assets/about-rei/executive-compensation/2018-cda-for-2017-results/live.pdf](https://www.rei.com/assets/about-rei/executive-compensation/2018-cda-for-2017-results/live.pdf)
He also says <<Or, take the example of REI — a consumer cooperative with revenues of $2.9B — where consumers, not just shareholders, also earn a dividend based on the purchases they make.>> — But I do not think REI has external shareholders. They do have executive workers who are paid $700k-$3m per year based on performance -- more so to compete for top talent. See: [https://www.rei.com/assets/about-rei/executive-compensation/2018-cda-for-2017-results/live.pdf](https://www.rei.com/assets/about-rei/executive-compensation/2018-cda-for-2017-results/live.pdf)
[#cryptonetworks](/crypto/new/cryptonetworks)
[#cryptonetworks](/crypto/new/cryptonetworks)
"While policymakers (and users) around the world debate whether internet networks should be regulated as public utilities, cryptonetworks are pioneering a new form of “cooperative capitalism” with networks that are owned by users and workers, rather than by third-party shareholders. In this way cryptonetworks share many features of cooperatives." [@jessewldn](/user/profile/jessewldn)
"While policymakers (and users) around the world debate whether internet networks should be regulated as public utilities, cryptonetworks are pioneering a new form of “cooperative capitalism” with networks that are owned by users and workers, rather than by third-party shareholders. In this way cryptonetworks share many features of cooperatives." [@jessewldn](/user/profile/jessewldn)
Good discussion thread of this post here: [https://twitter.com/jessewldn/status/1101887128340959232?s=21](https://twitter.com/jessewldn/status/1101887128340959232?s=21)
Good discussion thread of this post here: [https://twitter.com/jessewldn/status/1101887128340959232?s=21](https://twitter.com/jessewldn/status/1101887128340959232?s=21)
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