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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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© 2020 Relevant Protocols Inc.
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0xJustice is back with another banger. He argues a renewed case for Decentralized Autonomous Corporations, or DACs, which are the for-profit version of what we usually call DAOs (at least according to Vitalik). He lays out a manifesto for DACs, including assertions like “Value before Community” and “Coordination games over Governance.” We all know the public goods narrative, but someone pays for those public goods. When markets shift and grants dry up, there should be a strong backbone of revenue-generating companies; else, the whole system has no hope of gaining greater adoption. The Web3 movement has promoted the narrative of providing for the unbanked, but we may have overlooked the need to equip the industrious. DACs, address these things by rearticulating the value prop of building on-chain in a way that speaks to founders and traditional organizations.
0xJustice is back with another banger. He argues a renewed case for Decentralized Autonomous Corporations, or DACs, which are the for-profit version of what we usually call DAOs (at least according to Vitalik). He lays out a manifesto for DACs, including assertions like “Value before Community” and “Coordination games over Governance.” We all know the public goods narrative, but someone pays for those public goods. When markets shift and grants dry up, there should be a strong backbone of revenue-generating companies; else, the whole system has no hope of gaining greater adoption. The Web3 movement has promoted the narrative of providing for the unbanked, but we may have overlooked the need to equip the industrious. DACs, address these things by rearticulating the value prop of building on-chain in a way that speaks to founders and traditional organizations.
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