DiscoverBanklessSotN #47 - Gitcoin DAO & $GTC token, with Kevin Owocki
SotN #47 - Gitcoin DAO & $GTC token, with Kevin Owocki

SotN #47 - Gitcoin DAO & $GTC token, with Kevin Owocki

Update: 2021-05-261
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Gitcoin is turning itself into Gitcoin DAO, governed by the community and GTC holders!

Come learn all about Gitcoin DAO, GTC distribution, and the responsibilities of the governors!

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State of the Nation #47: Gitcoin DAO & $GTC token
Guest: Kevin Owocki

In this week's State of the Nation, we bring on Kevin Owocki to discuss the decentralization and DAO-ization of public goods funding platform Gitcoin, and the launch of their $GTC token. Kevin is the former benevolent dictator (CEO) of Gitcoin and a General in the war against Moloch (human coordination failure).

The purpose of Gitcoin is to provide a platform for open-source software developers to acquire funding for their projects. Kevin mentions that open-source creates $500B in economic value yearly. In the crypto space, and on the internet at large, open-source development means that something is free to use, fork, or build on. This accessibility has been a driving force behind web development, and Gitcoin's mission is to create a business model for open-source software developers. Gitcoin has raised around $20M since its initial launch in November 2017.

Gitcoin DAO is seeking to meme itself into the Quadratic Lands, where public goods are well-funded and digital democracy reigns. As Gitcoin has grown, it has come to the point in which a DAO is more well-served for Gitcoin's goals of activism and open-source development. Anti-fragility and distributing points-of-failure are key benefits of transitioning into a DAO. The alignment of incentives between the individual and society is crucial for optimizing capital efficiency and organically generating a better society.

GTC = Grow The Community

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Resources:

Coordination Failures
https://newsletter.banklesshq.com/p/know-thy-enemy-coordination-failures 

Claim GTC
https://newsletter.banklesshq.com/p/-alpha-alert-claim-gitcoin-token 

Gitcoin
https://gitcoin.co/ 

Quadratic Lands
https://gitcoin.co/quadraticlands/ 

Kevin on Twitter
https://twitter.com/owocki?s=20 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

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SotN #47 - Gitcoin DAO & $GTC token, with Kevin Owocki

SotN #47 - Gitcoin DAO & $GTC token, with Kevin Owocki