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 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)

"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)