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A
Thank
you
so
much
to
everybody
at
sbs
allen,
you
guys
inviting
us
up
here.
It's
been
a
great
chance
and
yeah.
I
just
love
getting
together
with
bunch
of
regents
and
seeing
what
other
people
are
building
in
this
space,
I'm
very
grateful
to
you
kevin
and
everybody
at
gitcoin.
We
would
not
be
here
if
it
wasn't
for
the
grant
rounds
and
I'm
just
curious
to
like
step
back
and
look
at
the
story
a
little
bit.
I
remember
when
I
first
found
quadratic
funding
as
a
concept.
It
was
like
a
major
unlock
for
me.
A
B
So
get
coin
was
founded
in
2017,
took
some
of
the
money
I
made
in
the
bull
market
back
then,
and
built
a
brand
got
it
funded
by
joe
lubin,
and
at
the
time
we
were
like
a
bounties
network
which
was
basically
like.
If
you
do
x,
you
will
get
y
coins,
but
our
mission
has
always
been
to
grow
and
support
open
source
software
and
is
later
evolved
to
expand
into
all
digital
public
goods
and
in
2018
we
were
just
kind
of
throwing
spaghetti
at
the
wall.
B
We
had
an
ad
network,
we
had
a
bounties
platform,
we
had
nfts,
we
actually
had
a
labs
and
research
group
that
was
led
by
austin
griffith
and
we
launched
bitcoin
grants
in
in
20
january
2019
and
at
the
time
the
big
idea
was
to
have
a
subscription
service
where
you
can
subscribe
to
your
favorite,
open
source
projects
and,
like
you
know,
like
the
netflix
model,
where
you
just
like,
give
them
9.99
a
month
and
then
over
time
they
have
a
stable
base
of
support
and
we
launched
it,
and
it
was
just
like
crickets,
the
the
initial
git
coin.
B
Grants
launch
didn't,
have
a
lot
of
traction
and
we
at
the
time
vitalik
and
glenn
had
just
come
up
with
this
idea
of
capital
constrained
global
radicalism,
which
was
is
now
colloquially
called
quadratic
funding,
and
my
co-founder
vivek
was
like
hey.
Maybe
this
is
a
great
way
to
get
people
into
using
git
coin
grants
like
let's
sub
out
the
subscription
module
for
quadratic
funding
and
make
that
the
primary
feature,
and
we
did
and
raised
50k
for
a
bunch
of
different
projects
in
get
coin
grants
round.
B
One
in
I
think
february
2019-
and
it's
just
been
this
really
amazing
mechanism
that
solves
the
multi-polar
trap
of
of
funding
public
goods,
but
it
but,
and
it
actually
gets
people
to
care
about
funding
public
goods
because
you
give
a
dollar
and
you
have
a
hundred
dollars
of
impact
which
is
just
like
metallic
and
glenn
are
so
smart,
like
I
feel
like
they
gave
me.
This
they're
like
these.
This,
like
alien,
perfect
energy,
crystal
of
an
idea
and
we're
just
the
ones
that
are
implementing
it
in
the
world.
B
So
yeah
I'm
just
most
proud
that
our
mission
has
always
been
grow
and
sustain
open
source
and
then
we've
just
been
tactically,
very
malleable
in
how
we
do
it
and
that's
what
allowed
us
to
find
quadratic
funding.
If
we
hadn't
done
that,
then
we
would
just
be
like
a
bounty
network
and
I
don't
think
we
would
have
had
as
much
of
an
impact
as
we
have.
A
Yeah,
I
mean
it
seems
like
the
absolute
perfect
way
to
fund
public
goods
and
in
theory,
you
see
all
of
this
kind
of
potential,
but
what
has
it
actually
been
like
in
practice?
Implementing
this
I
mean
it
sounds
like
a
pretty
complex
web,
because
you've
got
all
these
different
attack
vectors.
B
B
So
it's
like
two
three
orders
of
magnitude,
growth
and
scale,
and
I'd
say
that
you
know
get
coin.
Grants
is
basically
run
by
now
get
coindal,
which
is
the
entity
that
that
has
governance
rights
over
the
community.
So
first
thing
was
that
if
we
wanted
to
have
legitimacy,
it
should
be
governed
by
the
community
that
it
serves
and
that's
why
we
launched
gtc
the
governance
token
of
the
bitcoin
network
and
like
in
2017.
B
You
gotta
enable
grant
owners
to
to
make
be
successful
in
marketing
their
grant
to
their
community,
and
that's
that's
in
some.
How
you
make
bitcoin
grant
successful
and
then
there's
a
bunch
of
interesting
sort
of
problems
that
come
out
of
running
the
rounds.
B
First,
you
have
to
find
three
million
dollars
per
quarter
to
give
out
in
the
matching
pool,
so
we've
got
kind
of
like
a
really
great
partnerships
and
relationships
team
and
thankfully
the
community
has
embraced
bitcoin
and
is
willing
to
give
between
25k
and
250k
per
pop
to
these
rounds
and
we're
just
so
thankful
that
the
community
cares
enough
about
our
mission
to
do
that.
And
but
it
kind
of
creates
this
perpetual
motion
machine
in
which
you
always
need
to
be
fundraising
and
support
and
visibility
for
public
goods.
B
Unless
we
could,
like,
I
don't
know
like
convince
optimism
or
someone
else
to
just
put
some
of
their
sequence
or
fees
into
the
round
and
and
then
the
last
thing
I'll
say,
is
that
civil
attacks
are
a
thing
so
basically
because
get
coin
grants.
B
But
the
problem
with
that
is
that
if
I'm
a
gray
hat
or
a
black
cat,
I'm
just
like
oh
I'll,
just
take
my
100
contributions
and
put
it
into
100
different
accounts
and
that's
called
the
civil
attack
problem
and
we're
kind
of
just.
I
mean
we're
trying
to
take
that
very
seriously
and
we
have
a
whole
fraud,
defense
team
at
the
dao
and-
and
so
we
just
really
skit
coin
passport,
actually
to
like
accelerate
the
network
effects
of
civil
resistance.
Anyway,
that
was
a
meandering
tour
through
governance
and
operations
is
the
main
thing.
A
A
B
I
I
think
that
it's
important
to
take
the
privacy
information
and
be
responsible
with
it,
and
it's
like
a
shame
that
it's
something
I
even
have
to
say
out
loud,
but
building
with
from
privacy
up
was,
is
really
important.
So
our
passport
basically
is
a
state
machine
that
takes
any
on-chain
and
off-chain
data
stores
it
as
a
stamp,
which
is
really
just
a
did
in
the
ceramic
network
which
you
have
like
a
privacy
maintained,
data
store
there
and
then
from
there
you
can
issue
scores
on
top
of
those
stamps.
B
So
basically,
what
we
have
is
a
personhood
score,
which
is
basically
the
total
cost
of
forgery
of
your
account.
That
is
actually
what
bitcoin
grants
cares
about.
Consuming
is
the
personhood
score,
and-
and
you
know,
when
you
have
it
ten
dollar
personhood
score-
you
can
give
up
to
ten
dollars
worth
of
matching.
B
B
So
we're
we're
trying
to
design
it
with
privacy
from
the
ground
up
we're
intentionally
using
stuff
that
doesn't
have
biometric
data
or
your
like
real
physical,
real
world
passport
data
in
it
just
to
lower
the
stakes
a
little
bit
and
and
yeah
tldr
privacy
and
and
and
that
kind
of
security
is
really
important.
A
B
So
I
I
didn't
coin
that
term,
I
guess
just
part
of
being
in
the
public
eye
means
that
I
get
accredited
for
everything,
yeah
yeah,
I'm
just
the
loudest,
maybe
the
loudest
amplifier,
of
some
of
these
ideas.
So
basically
the
idea
of
lunar
punk
is
in
this.
In
this
space
I
would
argue
that
we
have
two
very
strong
value
systems.
The
first
is
the
cypherpunks.
B
I'm
actually
actually
doing
this
good
right
like
right
to
left.
Okay,
so
cypherpunk
is
on
the
right
end
of
the
spectrum.
Left
is
solarpunk,
which
is
more
about
sustainability
regeneration.
I
would
argue
that
this
event
is
a
very
solarpunk
event.
It
evokes
these.
I
this
this
idea
of
a
world
in
which
we
solved
our
contemporary
problems
with
climate
change
and
multipolar
traps
and
stuff
like
that,
and
the
intersection
of
the
two
is
lunar
punk.
So
you've
got
this
privacy
and
sovereignty
of
cyberpunk
and
then
you've
got
the
public.
B
Good
supporting
of
solar,
punk
and
lunar
punk
is
is,
is
the
intersection
of
those
things,
and
so
solar
punk
is
very
sunny
and
very
bright
and
optimistic
and
everything's
out
in
public.
But
lunar
punk
is
like
supporting
your
community
under
the
cover
of
darkness.
It's
kind
of
like
a
glow
around
the
campfire
is
the
motif
that
it
that
it
recommends,
and
steven
reed
has
been
doing
a
lot
of
great
work
on
writing
about
lunar
punk
lunar
punk
doradi
on
twitter.
B
I
actually
only
know
these
people
really
from
from
twitter
and-
and
so
you
know,
there's
people
who
are
creating
imaginations
about
these
different
themes
out
there
and
then
there's
also
people
who
are
working
on
privacy
and
cryptography
and
public
goods,
and
I
think
that
over
the
next
years
we'll
see
it
all
kind
of
swirl
together
in
into
hopefully
more
and
more
stuff
that
respects
both
value
sets.
Oh
and
there's
also
someone
on
twitter
who's
who's
been
writing
about
terrapunk,
which
is
a
fork
of
solar
punk.
B
That's
more
high,
like
in
high
human
and
and
and
and
more
a
recognition
of
of
basically
masses
of
humanity
and
how
they're
going
to
survive
in
this
in
this
more
sustainable
world,
and
so
there's
just
a
lot
of
kind
of
intellectual
dialogue
about
these
different
value
systems
and
for
some
reason
they
all
have
the
appendance
of
punk.
So
I
don't
know
I'm
37,
I'm
past
my
punk
stage
in
my
life,
but
that's
that's
what
the
dialogue
is.
Man.
A
I
love
you
making
sense
of
it
for
me
because
I'm
pretty
new
to
the
space-
and
I
came
into
this,
seeing
all
these
punks
crypto
punks
solar,
punk,
lunar
punks-
I'm
like
I'm,
not
sure
where
I
fit
into
this,
but
I
love
it.
This
is
definitely
my
home
and
I'm
really
encouraged
to
see
you
lean
so
heavily
into
this
concept
of
regeneration.
A
I
know
you
did
yeah
some
time
over
december
and
january
working
on
green
pill.
What
was
the
real
catalyst
to
take
time
out
of
your
life?
You
know
with
everything
else
going
on
to
write
the
book.
B
So
this
is
what
I
do
now
is
I
just
hold
up
books
on
stage
and
say:
buy
this
or
get
it
for
free
if
you've
gone
yet
yeah,
I've
actually
been
giving
out
more
for
free
that
I've
been
selling,
but
I
bought
one
at
school
yeah.
It's
it's
fine!
It's
because
it's
not
about
the
revenue,
it's
really
about
the
progeny,
the
propagation
of
the
ideas
which,
by
the
way,
the
the
book
is
like
a
mile
wide
and
an
inch
deep,
and
that's
because
we're
really
standing
on
the
shoulders
of
giants.
B
All
these
people
have
come
up
with
amazing
ideas.
Around
prisoner's
dilemma:
game
theory,
economics
spiral
dynamics.
Eight
forms
of
capitals
is
gregory,
landau's
idea,
which
I
don't
know.
If
I
see
him
in
the
audience,
but
it's
tldr.
It's
not
really
my
ideas.
It's
like
an
aggregation
of
everyone
else's
ideas
and
putting
in
a
memetic
capsule
that
anyone
can
consume,
which
which
reminds
me
if
you
want
any
green
pills
during
our
interview.
Oh.
B
Pills,
yeah
they're,
just
tic
tacs,
but
sorry
you
asked
me
you
asked
me
a
question:
why
did.
A
I
write
the
book
yeah
like
what
inspired
you,
because
you
know
when
I
first
stumbled
on
bitcoin,
I
think
gr
13.
There
wasn't.
I
think
that
was
the
first
climate
round,
so
you
guys
had
already
signaled
that
this
was
a
value
you're
going
to
lean
into
and
right.
B
Yeah,
I
don't
know
if
we
found
the
right
word
still,
but
I
I
do
think.
Okay,
so
I'd,
say
the
primary
catalyst
and
there's
a
lot
of
like
sub
currents
like
bitcoin
grants
going
from
being
driven
by
a
company
to
being
driven
by
a
dow
is
one
major
current
trying
to
solve
civil
attacks
and
fundraise
is
another
major,
current
and
trying
to
go.
B
Quadratic
funding
is,
is,
is
you
know
a
major
driver
for
us
and
and
but
I
think
the
primary
thing
is
a
recognition
that
quadratic
funding
is
is
good,
but
it's
not
the
only
mechanism,
so
pluralism
at
the
base
layer
of
our
next
generation
civilizational
scale
infrastructure
for
funding
public
goods
is
a
feature
and
not
a
bug.
B
So
basically,
a
diversity
of
mechanisms
and
funding
sources
that
all
in
a
diversified
way,
funds
different
sets
of
public
goods
and
communities
and
the
quadratic
funding
is
going
to
be
like
one
of
the
main
arteries
that
sends
out
funding
to
these
impact
tiles.
But
there's
gonna
be
a
diversity
of
mechanisms
that
is
going
to
is
going
to
do
this,
and
you
know
I
I'm
someone
who
like
lives
and
breathes
my
work
at
get
coin.
B
It's
like
something
I
have
a
hard
time
letting
go
like
at
the
end
of
the
day,
and
it's
just
because
I
care
so
much
and
like
when
I
look
at
my
kids.
I'm
like
you
know
like.
Oh,
what
kind
of
world
are
you
gonna?
Are
you
gonna
grow
up
in
and,
and
it
always
takes
me
back
to
the
the
idea
of
how
do
we
build
information
age
institutions
that
support
the
public
good
and
support
communities
and
they're
like
a
life
raft
from
our
institutional
age
institute
institutions
that
are
decaying?
B
And
that's
like
this,
like
thought,
loop
that
I
keep
getting
in
and
one
of
the
things
that
kept
happening
was
that,
like
at
first,
I
felt
like
git
coin
was
gonna
have
to
discover
and
invent
all
of
those
things,
and
it
was
actually
a
moment
of
great
release.
For
me
to
be
like
oh
wait,
we
don't
actually
have
to
do
that.
B
We
just
have
to
create
or
be
a
part
of
the
creation
of
a
memetic
shelling
point
around
regeneration
using
crypto
and
we're
just
like
kind
of
the
first
ones
at
the
dance,
but
but
there's
gonna.
We're
gonna
discover
all
these
amazing
other
entrepreneurs
in
the
mimetic
and
like
social
and
educational
shelling
points,
and
so
it's
just
like
planting
an
attractor
for
that
was
was
kind
of
the
idea
with
the
green
pill
book
and
anyway.
So
so,
basically,
I
think
that
education
is
the
ultimate
anti-fragility
that
you
can.
B
You
can
create
because
you
know
as
soon
as
you
have
you've
been
greenfield,
you
have
you
have
the
mission
and
you
have
the
the
framing
and,
and
hopefully
the
the
a
suite
of
mechanisms
and
connections
that
you
can
use
to
come
up
with
your
own
mechanism,
and
you
know,
even
if
only
like
one
out
of
five
of
them
actually
becomes
the
scale
of
bitcoin.
Then
it's
it's
still
a
success.
B
So
so
anyway,
it's
it's
going
from.
I
would
say
that
our
strategy
for
the
first
couple
years
of
get
coin
was
just
like
deep
on
bitcoin
grants
and
quadratic
funding.
B
But
now
it's
more
of
like
an
umbrella
or,
like
I
don't
know,
people
like
myself
networks
here
so
we'll
call
it
a
mushroom
like
there's
like
a
broad
like
creating
a
broad
tent
that
people
other
people
can
come
to
is
was
the
idea
of
the
green
pill
book,
and
you
know
what
my
one
skill
is
taking
is
taking
like
galaxy
brain
ideas
from
glenn
and
vitalik
like
the
36
page
paper
and
making
it
into
a
consumer
web
experience
or
like
memes,
and
it's
it's
the
same
sort
of
thing.
B
So
so,
anyway,
you
can
get
the
green
pill
book
at
greenpil.party,
which
is
the
website
that
we've
set
up
to
sell
the
books,
and
we've
also
got
a
podcast
about
the
same
topics
where
we're
getting
into
the
nitty-gritty
of
that
and
just
had
daniel
schmuckenberger
on
it
and
in
biology,
severus
and
vitalik's
been
on
it,
and
it's
been
really
just
kind
of
great
to
to
see
all
these
other
region.
B
People
show
up
and
that
really
really
think
that
we
can
do
something
good
with
the
world
and-
and
I
hope
that
yeah,
the
book
is
subtitled
how
crypto
could
regenerate
the
world
and
the
next
one
I
would
like
to
write
is
how
crypto
is
regenerating
the
world.
Yes,
we
got
it,
so
all
we
got
to
do
is
draw
the
rest
of
the
owl
on
that
one.
A
Nice,
it's
been,
it's
been
awesome
to
see
and
I
think
one
of
the
ideas
that
was
a
little
bit
unclear
for
me
that
hopefully
you
can
crystallize
is
like
what
is
the
relationship
between
funding
open
source
software
as
a
public
good
and
actual
on
the
ground
regeneration?
Because
you
know,
I
see
that
you
see
there's
a
correlation
here,
but
I'm
kind
of
missing.
You
know
what
what
the
relationship
is
right
so
open.
B
First,
no
nation
state
government
is
really
good
at
supporting
open
source
because
it's
a
global
coordination
problem.
Okay,
number:
two:
we
just
fell
ass
backwards
into
a
community
that
already
understood
metamask
in
transactions
and
gas
fees
and
in
2018
there's
no
d-apps
that
really
have
a
ton
of
adoption
other
than
like
dexes,
because
no
one
understands
how
to
how
to
do
so,
like
we're
funding
developers
and
they're
the
ones
who
can
actually
figure
out
how
to
use
this
text.
B
So
we
just
have
like
a
four
year
head
start
on
on
wallet
usability,
because
we
get
to
totally
sidestep
the
problem.
Okay,
so
then
it's
just
about
generating
mechanisms
that
that
will
actually
solve
the
coordination
problem
of
of
of
digital
public
goods,
and
then
you
have
proof
points
that
allow
you
to
solve
civil
resistance
figure
out
how
you
fundraise
for
it
and-
and
you
know,
we've
got
14
rounds
of
experience
on
that
anyway.
So
that's
the
kind
of
like.
Why
start
an
open
source
part
of
your
question,
your?
I
guess.
B
A
And
just
physical
public
goods
right,
like
you,
know
the
the
most
pressing
coordination
challenges
that
I
see
are:
climate
change,
biodiversity
collapse.
You
know
the
entire
systemic
injustice
that
we
have
in
our
society,
and
I
see
that
there
there
is
a
correlation.
I
just
don't
understand
like
how
it's
relating
that,
if
we
pump
money
into
public
digital
goods
yeah
that
then
relates
to
funding
on
the
ground
regeneration,
which
is
you
know,
preventing
trees
from
being
cut
down
planting
more
trees.
You
know
improving
all
of
those
specific
things.
B
Yeah,
I
think
one
of
the
beautiful
things
about
this
space
is
that
there's
a
there's,
a
couple
beautiful
things
about
this
space.
There's
also
some
nasty
things
about
the
space.
But
one
of
the
beautiful
things
is
that
we
don't.
I
don't
think
that
bitcoin
is
going
to
solve
all
those
problems.
B
Nor
would
I
project
that
they're
going
to
we're
creating
a
medic
and
social
shelling
point
that
gathers
people
who
are
working
on
those
problems,
and
I
think
that
experts
in
the
field
and
people
that
are
local
and
indigenous
to
those
communities
should
be
the
ones
that
are
figuring
out
how
to
solve
those
problems.
But
we
can
pump
funding
out.
B
I'm
actually,
like
the
word
pump,
we're
going
to
create
an
aqueduct
of
funding
out
an
artery
out
of
funding
out
to
communities
that
are
trying
to
solve
these
these
problems,
and
it
could
be
like
their
first
funding
for
getting
off
the
ground
and
we
can.
We
can
run
quadratic
funding
rounds
for
those
for
those
problems,
but
but
we're
actually
at
this
really
interesting.
Turning
point
where
bitcoin
grants
1.0
was
the
centralized
monolith
that,
like
I
coded
and
like
in
2018,
it
felt
like
every
time
it
blew
up.
B
I
would
like
you
know,
be
working
12
hours
a
day
and
like
drinking
a
whiskey
and
solving
the
problem
and
like
it
was
just
very
duct
taped
together
because
it
was
a
1.0
and
now
we're
launching
git
coin
grants
2.0,
which
is
a
decentralized
modular
way
of
solving
the
problem,
and
I'd
say
that
we're
really
trying
to
go
from
like
fishing
for
you
by
running
the
quadratic
fun
funding
grounds
for
you
to
teaching
you
to
fish
so
partnering
with
other
dows
that
want
to
take
the
magic
of
quadratic
funding
and
apply
it
to
whatever
their
mission
is,
and
you
know
hopefully,
partnering
with
other
quadratic
funding
platforms
like
giveth
and
clr
funds
and
and
even
optimism's
retroactive
public
goods
and
providing
them
technology
that
they
can
deploy
in
their
own
own
communities
and
in
in
the
heart
of
the
pandemic.
B
We
ran.
Here's
actually
an
example
from
the
other
side
of
of
the
thought
is
that
in
in
2020,
coronavirus
was
ravaging
a
lot
of
parts
of
the
world,
but
my
own
hometown
in
boulder
colorado,
was
seeing
a
decrease
in
foot
traffic
of
like
97
in
the
downtown
pearl
street
mall,
and
so
we
we
we
pioneered
this
this.
B
This
tool
called
downtown
stimulus,
which
was
a
quadratic
funding
experiment
for
local
communities
in
boulder
colorado
and
did
a
50
000
quadratic
funding
round
in
denominated
in
u.s
dollars,
not
tokens,
because
none
of
these
people
care
about
tokens
and
and
funded
a
comic
book
shop,
a
yoga
studio,
a
bookstore
or
a
coffee
shop
and
there's
one
other
thing.
I
can't
remember
and
basically
help
them
pay
their
rent
for
a
month
and
quadratic
funding
works
perfectly
in
real
world.
B
As
long
as
you
take
out
the
tokens-
and
so
you
know,
I
think,
like
going
back
to
get
clean
grants,
2.0
like
if
we
can
go
from
like
fishing
for
you
to
teaching
you
to
fish,
I
would
love
to
be
to
give
a
quadratic
funding
toolkit
to
anyone
in
the
top
10
000
like
towns
across
the
world
and
have
them
run
quadratic
funding
in
their
own
in
their
own
communities.
But
but
again,
quadratic
funding
doesn't
solve
anything
right.
B
Part
of
this
is
the
humbleness
and
the
recognition
that
there's
going
to
be
other
ways
of
inventing
mechanisms
that
support
those
things.
So
I
guess
the
tldr
answer
is
that
we
haven't
solved
that.
Nor
would
I
represent
that
we've
solved
that,
but
that's
the
way
I
kind
of
build
a
bridge
between
what
we're
doing
and
and
and
the
global
coordination
problems
like
climate
change
and
then
also
the
local
community,
which
problems
which
should
be
around
around
local
community
values
and
local
communities.
B
Shared
needs
and
the
ultimate
cool
thing
about
about
ethereum
and
web3
is
that
we've
we've
got
a
global,
transparent,
immutable
and
programmable
substrate
for
human
coordination,
and
so,
like
we've,
already
got
the
bottom
layer
of
the
stack
like
finance
and
programmable
finance.
Now
we
just
have
to
build
the
mechanisms
on
top
of
it
and
put
funding
into
it,
which
is
a
much
more
surmountable
problem
or
with
the
global
coordination
issues,
and-
and
I
think
that
that's
why
blockchain
is
well
positioned
to
solve
global
coordination,
failure
and
and
then
with
local
communities.
B
B
It
should
be
local
communities
deciding
what
their
shared
needs
are
in
pursuing
those
like
finding
coordination
mechanisms
to
get
their
shared
needs,
and
the
thing
that
is
so
about
web
2
is
that
it's
you
just
have
these
like
top-down
monolithic,
tech
giants,
that
all
they
want
to
do
is
extract
a
subscription
fee
from
you,
and
so
they
have
a
one-size-fits-all
solution
that
they
have
a
monopoly
on
on
and-
and
I
really
think
that
forkable
open
source
code
is
such
a
better,
positioned
way
of
giving
communities,
ways
to
coordinate
around
their
shared
needs,
because
not
only
can
they
fork
it
and
remove
whatever
fee
that
is
extracting
from
them,
but
they
can.
B
A
I
think
a
lot
of
it
is
just
about
awareness.
I
mean
think
about
how
many
early
stage
climate
projects
would
benefit
from
just
creating
a
grant
on
gitcoin.
There
is
such
a
hugely
generous
community
in
web3.
I
was
blown
away
in
our
first
grant.
Some
random
person
I've
never
met
before
gave
us
ten
thousand
dollars
yeah.
Nobody
knew
who
I
was
nobody
heard
of
the
podcast
and
momes.eth.
A
You
know
uploaded
a
file
to
ipfs
with
this
kind
of
manifesto
and
said
here's
ten
thousand
dollars.
Wow
gave
a
huge
amount
of
money
to
a
bunch
of
these
climate
rounds,
and
it
just
shows
that
actually,
the
values
in
web3
are
deeply
aligned,
with
the
way
that
we
need
to
coordinate
to
address
climate
change
yeah,
because
I
think
there's
this
kind
of
new
identity,
that's
emerging
that
supersedes
the
nation
state
and
it's
not
like
people
in
web
3
come
around
touting
their
national
flags.
It's
like
actually
we're
part
of
something
new.
A
This
is
a
sort
of
yeah
new
organization
structure
that
gives
us
a
sense
of
belonging,
and
so
you
know
for
all
those
people
working
on
projects
on
the
ground
like
I
saw
there
was
you
know,
one
in
kenya
that
was
doing
basic
reforestation
work
and
they
got
several
thousand
dollars
from
get
coin
throughout
the
matching
rounds,
and
so
very,
very
optimistic
to
see
where
this
goes
and
yeah.
I'm
curious,
like
what
ideas
have
been
percolating
through
sbs
and
at
ecc.
A
B
I
I
think
that
what
I'm
excited
about
right
now
is
civil
resistance
and
bootstrapping
a
civil
resistance,
and
you
know
what
what
would?
What
would
it
look
like
to
like
get
coin
passport
is
one
of
these
tools
but
bright
id
and
proof
of
humanity,
and
all
these
other
tools
like
what.
If
we
could
bootstrap
an
economy
of
dapps
that
have
civil
resistance
in
built
in
at
the
base
layer,
and
that
would
allow
us
to
measure
the
genie
coefficient
of
those
things
we
could
build
more
democratic,
one-human,
one-vote
dows.
B
We
could
build
quadratic
voting
dows,
we
could
do
civil
resistant
air
drops
and-
and
I'm
saying
we
but
like
I
really
mean
the
wider.
We
we
just
want
to
solve
the
civil
resistance
tool
and
generate
more
deops
using
gen
sybil
resistance,
with
more
civil
resistance
and
more
utility,
which
draws
in
more
users
which
creates
more
depth
so
like
spinning
that
flywheel
of
civil
resistance
and
and
blowing
that
economy
up
almost
like
a
bubble,
but
not
one
that'll
pop.
B
I
gotta
come
up
with
a
better
analogy
than
than
a
bubble,
but
like
that
economy,
the
civil
resistant,
democratic,
dow
economy
is
like
a
big
thing
for
me
and
like
by
the
way.
B
If
web
3
is
ever
going
to
go
mainstream,
it
needs
to
move
from
just
like
money
games
on
top
of
money
games,
decentralized,
casinos,
which,
by
definition
you
need
to
have
capital
to
participate
in
if
it
wants
to
move
to
the
other
99
of
humanity,
it
has
to
have
provide
utility
for
the
median
citizen
of
the
world,
which
is
probably
doesn't
like
their
financial
lives.
Is
their
jobs,
not
their
not
their
investments.
So
civil
resistance
has
a
ton
of
upside
for
many
value-aligned
reasons
I
really
am
into
so.
That's
idea:
number
one
civil
resistance.
B
The
next
idea
is
decentralized
society,
so
basically
vitalik
and
has
anyone
read
puja
and
vitalik's
paper
about
soulbound
tokens
in
glenn's,
too?
A
few
hands
have
gone
up,
okay,
cool,
so
so,
basically
creating
a
network
of
attestations
in
which
I
can
say
I
could
issue
a
verifiable
credential
or
a
sold-out
token
to
you.
B
That
says:
hey,
john's,
really
good
at
hosting
podcasts
and
also
he's
been
green
pilled,
and
so
basically,
what
that
is
is
there's
the
issuing
entity
for
the
verifiable
credential
there's
who
it's
pointed
at
and
then
there's
the
verifiable
credential
and
then
storing
that
in
on
a
decentralized
network
like
ceramic
or
on
ethereum,
depending
on
what
your
your
values
are
around
privacy
and
then
the
total
sum
of
the
networked
credentials
that
have
been
issued
in
the
plurality
of
what
I
just
issued
to
you
and
then
also
poe
apps,
and
then
also
who's,
contributed
to
what
bitcoin
grants
rounds
and
what
d5
projects
have
you
created.
B
You
start
to
bootstrap
what
looks
like
a
directed
graph
of
identity
and
that's
really
cool,
because
it
can
be
used
to
allow
us
to
build
all
sorts
of
stuff
that
is
just
tailor-made
to
people
in
specific
sets
of
intersectional
identities.
So,
basically,
I
I
think
that
there's
there's
a
lot
of
neat
stuff.
That'll
come
from
that
data
layer
and
just
the
broader
idea
of
decentralized
society
is
really
cool
to
me.
So
civil
resistance,
decentralized
society,
I'm
really
excited
about
impact
certificates,
is
the
is
the
third
one.
B
So
basically,
the
idea
here
is
that
there's
a
hundred
different
impact
owls
in
the
ethereum
space
which
which,
by
the
way
like
immediately
after
I
wrote
the
the
green
pill
book,
the
first
podcast
that
I
was
on
asking
about
it.
They
were
like
okay,
kevin
cool
theory.
Crypto
can
regenerate
the
world,
but
is
anyone
actually
doing
it?
I
was
like
I'm
gonna
have
to
write
another
book
like
listing
out
all
of
the
other
projects
that
are
doing
it.
So
we
wrote
this
impact
dal
book
and
and
found
a
hundred
different
impact.
B
Owls
that
are
are
actually
doing
it
or
actually
creating
positive
externalities
for
the
world,
and
one
of
the
problems
that
I
see
now
that
we've
created
the
category
of
impact
owls
we've
defined
a
category.
You
know
there's
like
a
little
literally
like
an
infographic.
You
can
share
on
twitter.
That's
the
impact
owl
map.
The
big
problem
I
see
is:
how
do
we
rotate
capital
and
talent
into
the
impact
owls
and
away
from
the
rest
of
the
ponzinomics?
That
is.
B
This
is
driving
the
rest
of
the
web
3
space,
which
is,
which
is
by
the
way,
the
fact
that
we
even
have
to
ask
that
question
is
kind
of
like
a
reflection
of
how
perverted
our
values
have
been
by
the
wall
street
financial
system,
where
it's
just
value
capture
and
in
kind
of
greed
and
short-term
cycles.
B
You
know
so
unlearning
that
and
then
you
can
ask
the
question:
how
do
we
rotate
capital
and
talent
into
impact
owls
and
and
and
so
that's
my
kind
of
starting
place
and
there's
going
to
be
a
diversity
of
things
that
are
going
to
do
it?
Bitcoin
grants
is
already
doing
it
and
so
is
giveth
and
so
his
clr
fund,
and
so
is
retroactive
public
goods
funding.
But
how?
What
is
the?
B
What
is
the
next
tranche
of
capital
after
you
get
out
of
just
getting
grants
if
you're
an
impact
dell
and
and
so
trying
to
engineer
a
system
of
incentives
where
there's
capital
that
is
looking
for
those
projects
mimetically
so
using
my
like
social
platform
to
to
to,
like
you
know,
wedge
into
investor
conversations,
be
like
hey
what
like
what
if
we
invested
in
stuff,
that's
like
helping
people,
and
so
there's
like
that,
the
social
layer
and
then
at
the
at
the
technology
layer.
B
I
see
a
this
is
why
I'm
excited
about
impact
certificates,
so
basically
everyone's
familiar
with
carbon
credits,
where
you
can
say,
I've
removed,
10
tons
of
carbon
from
the
atmosphere
by
by
holding
and
purchasing
this
this
carbon
credit.
But
then,
if
you
blow
up
carbon
credits
into
any
dimension
of
impact,
you
can
start
thinking
about.
How
do
I
take
10
people
out
of
poverty?
How
do
I
fund
this
open
source
ecosystem
for
a
year?
B
That
adds
the
credible
neutrality
that
that,
like
this
impact,
al
is
claiming
that
they've
created
x
amount
of
impact.
We
actually
think
it's
x,
divided
by
two
and
this
and
and
so
this
impact
certificate
is
now
credible
and
and
then
once
you
have
that
and
you
have,
you
have
liquidity
and
you
have
a
breadth
of
impact
certificates.
Then
what
you
do
is
you
start
going
to
the
capitol
and
you
say,
hey
check
out
this
speculative
asset.
The
impact
certificate
seems
like
capital
knows
how
to
like
interface
with
specular
assets.
B
They
ape
into
it
like
that's
the
interface
and
so
creating
a
market
for
impact
certificates
where
we're.
Basically,
basically,
people
are
purchasing
these
impact
certificates
and
you
know:
maybe
they
do
it,
because
they've
got
an
esg
goal.
Maybe
they
just
want
to
show
off
to
their
tinder
date?
How
much
like
positive
impact
they've
created
for
a
world?
Maybe
they
feel
guilty
about
like
working
at
a
hedge
fund
for
15
years
or
something
like
that
and
they
they
want
to
make
good
for
it,
and
so
anyway,
it
doesn't
matter
the
reason.
B
But
the
point
is
that
we've
now
got
buy
pressure
on
impact
certificates
and
what
we've
done
we've
got
buy
pressure
for
impact
certificates
is
we've
given
every
impact
owl
a
business
model,
so
that
fitting
together
feels
like
a
beautiful
dream
to
me,
because
once
every
impact
owl
has
a
business
model,
what
you've
done
is
you've
gone
from
having
to
run
a
huge
grant
application
administrative
arm,
where
you're
always
fundraising
to
just
like
creating
impact
and
getting
rewarded
for
it,
and
that
that
seems
like
a
more
virtuous
cycle
for
me.
B
So,
anyway,
backing
up
to
your
question,
which
is
what
are
you
excited
about
right
now?
The
first
three
things
come
to
mind
to
me:
are
civil
resistance,
which
bootstraps
one
human
one
vote,
dials
decentralized
society
which
bootstraps,
hopefully
a
bunch
of
regenerative
stuff,
and
then
impact
certificates
is
the
third
one
that
comes
to
mind
and
I'd
say
like
layered.
B
On
top
of
all,
all
three
of
those
is
just
the
fact
that
you
all
are
here:
we've
got
a
social
movement
that
actually
sees
that
we
can
create
more
of
solar
punk
world
with
web
3,
and
that
did
not
exist
a
year
a
year
and
a
half
ago,
and
so
that
social
layer
just
means
that
there's
a
density
of
talent
in
conversations
around
this
that,
hopefully,
is
going
to
bear
fruit
in
the
next
market
cycle
or
two,
and
we
can't
say
that
crypto
is
regenerating
the
world
until
it
actually
is,
and
the
talent
in
the
capital
is
is
the
next
thing
to
hook
up.
A
Yeah
totally
agree
man,
and
I
think
it's
fascinating
that
you're
in
the
impact
certificate
exploration,
you're,
basically
recreating
like
the
traditional
environmental
asset
market.
You
know
having
those
decentralized
organizations
to
attest
to
the
impact
of
any
given
action
of
an
on-chain
asset
is
basically
what
vera
and
gold
standard
have
been
trying
to
do,
but
it
doesn't
seem
like
you're
trying
to
interface
with
that
old
world
you're,
basically
saying:
let's
do
it
in
a
web
3
native
way.
A
B
Great
question
so,
first
off,
like
you
said
like
I,
I
am
doing
this,
I'm
actually
like
one
part
of
a
team.
That's
doing
this,
which
protocol
labs
in
the
network,
goods
team
is
a
major
part.
We're
working
with
raid
guild
we're
working
with
the
wider
community
to
do
it
so
we're
just
one
one
group,
that's
working
on
it
and
I
yeah.
A
B
Always
like
careful,
I
don't
take
too
much
credit
because
I'm
the
most
visible
and
I'm
like
the
kind
of
guy
who'll
wear
like
a
t-shirt
with
dorky
robots
up
on
stage
and
like
talk
about
this
stuff,
but,
like
I'm
a
very
small
part
of
of
that
we
are
the
the
the
network.
Goods
team
at
protocol.
B
Labs
has
studied
the
the
traditional
carbon
markets
and,
I
think,
has
a
fairly
good
understanding
of
it
and
by
the
time
that
gets
to
me,
like
I'm,
trying
to
figure
out
how
to
make
it
into
a
meme
and
create
a
movement,
and
everything
like
that.
So.
A
I
think
really
will
be
an
incredible
experiment
to
see
if
we
can
get
corporate
and
institutional
buyers
to
adopt
these
kind
of
decentralized
impact
kits.
But
but
it
sounds
like
earlier.
I
heard
you
say
that
you
stepped
down
from
leadership
at
get
coin.
What's
behind
that?
Are
you
you
know
working
on
other
things
besides
git
coin
and
like
what
are
the
core
motivators
behind
that
decision?.
B
Yeah
well
before
I
answer
that
I
just
want
to
give
a
shout
out
to
griff
who's
sitting
in
the
front
row.
Actually
looking
at
his
yeah,
hey,
what's
up,
griff
he's
been
really
the
progenator
of
this
idea
that,
like
hey,
governments,
exist
to
provide
public
goods
and
they're
spending
25
trillion
dollars
on
public
goods
and
governments,
ngos,
nonprofits,
and
what
would
it
look
like
to
turn
some
of
that
capital
into
web3?
B
And
I
think
that
you
know
we
can
talk
about
how
web3
could
be
good
for
the
world
ad
nauseum
but
like
when
we
actually
have
that
verifiable
impact.
I
think
that
that's
when
you
can
go
to
a
local
government
or
an
ngo
or
the
federal
government
and
say
hey
put
some
money
into
impact
owls
and,
and
I
at
that
capital
rotation.
I
think,
there's
a
lot
of
of
upside
there
for
that.
So
I
just
wanted
to
connect
the
idea
that
25
trillion
dollars
prize,
which
is
25x
the
crypto
market
cap
is
possibly
available.
B
You
know
even
like
one
percent
of
that
is,
is
a
lot
of
money.
So
anyway,
you
asked
me
about
stepping
down
from
leadership
of
get
going
down.
There.
B
Yeah,
so
we
launched
get
coin
dao
because
of
this.
This
idea
from
political
theory
that
the
consent
of
the
governed
is
the
only
legitimate
basis
for
governance
of
of
of
systems
and
gitcoin,
basically
like
if
we're
going
to
try
to
be
a
pillar
of
the
ethereum
ecosystem
and
eventually
of
the
world
and
how
it
distributes
public
goods
can
only
be
legitimate
if
it
has
the
consent
of
the
governed
and
that's
why
we
launched
the
dow
to
pay
down
our
centralization
debt
and
our
governance
debt.
B
B
Well,
I
mean
nothing
causes
you
to
want
to
do
it
after
you
know,
another
bug
gets
escalated
to
you
and
you
have
to
fix
it
like
why
you
should
be
playing
with
your
kids
or
whatever
so
decentralizing
power,
decentralizing
stress
and
creating
more
legitimacy,
and
so
that's
why
we
launched
the
dow
and
then
we
kind
of
have
this
hybrid
structure
where
holdings
had
some
operations.
But
holdings
is
the
company
that
I
founded
that
launched
the
that
was
involved
in
the
launch
of
the
dell
and
anyway.
So
we
have,
this
hybrid
structure
was
kind
of
clunky.
B
Let's
just
give
everything
with
grants
to
the
dao
and-
and
I
don't
want
to
be
ceo
of
the
dao-
and
I
I
think
it's
more
effective
if
the
dao
is
governed
by
the
community,
and
so
basically,
I
I
guess,
like
after
five
years
of
doing
this,
I
exert
a
certain
amount
of
like
soft
power
in
in
the
dial
and
there's
and
just
like
stepping
away
from
leadership
is
a
great
way
to
to
create
space
for
other
leaders
to
emerge
and
and
and
I
can
interface
with
the
governance
of
the
dow
through
everyone
else.
A
B
So
I
think
that
it's
about
removing
centralization
of
power
and
of
stress
and
creating
more
legitimacy
and
also
opening
up
my
mind
to
think
about
new
things
like
I've
run
14
quadratic
funding
rounds.
I
don't
have
like
new
ideas
about
how
to
run
quadratic
funding,
but
exploring
the
idea,
space
of
impact
certificates
and
civil
resistance
and
and
like
running
a
podcast
or
things
that
I
would
never
have
time
for
before.
I
did
that
so
so
yeah
tldr,
it
feels
great
to
pass
the
past
the
torch.
B
I
think
that
it's,
it's
so
refreshing
to
always
to
be
solving
new
ideas
and
be
on
on
new
frontiers
and-
and
my
my
greatest
hope
is
that
anyone
at
get
coin
dial-
that's
listening
to
this
is
planning
their
exit
strategy
also
and-
and
I
in
by
exit
strategy-
I
mean
like
how
do
you
decentralize
the
power
and
elevate
the
leaders
below
you
and
if
we
could
create
this
fractal
of
decentralization
of
power
and
creating
more
impact
as
other
work
stream
leads
step
down
in
the
dow?
You
know
responsibly,
don't
do
it
irresponsibly,
then.
B
I
think
that
that
would
be.
That
would
be
a
beautiful
thing,
but
we'll
we'll
see
if
that
next
fractal
happens.
I
haven't
I
haven't
seen
it
happen
yet
well,.
A
Dude,
it's
a
beautiful
move
and
I'm
yeah
grateful
to
learn
from
your
journey.
I'm
curious
to
just
hear
like
what
we
as
a
community
can
do
to
help
bitcoin
on
its
mission.
I've
been
so
grateful.
I
try
and
give
you
know,
20
of
any
money,
I'm
donating
back
to
the
matching
pool
and
just
figuring
out
like
how
can
we
galvanize
the
social
movement
around
bitcoin
grant
rounds?
I'm
thinking
is
it
you
know,
bringing
in
more
donors
for
match
funding
pools.
B
B
B
You
can
go
to
getcoin.com
discord,
which
is
where
you
know
the
the
sort
of
like
chat
and
social
selling
point
for
for
bitcoin
is
and-
and
you
can
get
involved
in
that
way,
but
that's
only
on
the
level
of
like
hey
you're
looking
to
spend
at
least
10
hours
a
week
on
this
and
and
so
there's
there's
the
ways
you
can
get
involved
in
the
get
coin.
The
git
coin
ecosystem
directly.
B
But
I
think
that
you
know
considering
that
we're
building
a
plurality
first
community
I'll
just
say
that
those
other
great
projects
out
there
optimism
is
doing
great
stuff.
Giveth
is
doing
great
stuff.
Clr
fund
is
doing
great
stuff
and
there's
other
projects
that
you
can
get
involved
in
and
be
get
coin
adjacent
and
I'm
really
excited
about
building
a
pluralistic,
civilizational
skill,
ecosystem
of
public
goods
funding
tools,
and
in
that
that
plurality
is
a
feature.
And
so
you
can
start
your
own
project
or
get
involved
in
any
other
number
of
projects
as
well.
A
Nice
man
yeah,
I
mean
love
that
and
we're
doing
our
best
to
help
people
make
the
most
of
those
grand
round
opportunities,
get
more
people
on
board,
we're
speaking
with
a
lot
of
early
stage
founders
in
the
impact
space.
What
advice
do
you
have
for
them
as
they're
starting
their
journey
around
creating
impact.
B
Yeah,
oh
one
more
ask
to
your
to
your
last
question:
is
that
we're
still
trying
to
find
a
sustainable
way
to
fund
the
matching
pool?
So
if
you
have
any
connections
with
recurring,
legitimate
and
scalable
funding
for
the
matching
pool
would
would
love
to
talk
to
you
and,
and
it
would
just
reduce
the
amount
of
time
we
have
to
like
hustle
in
asking
everyone
to
give
us
funds
for
the
match.
A
B
Yeah
so
advice
for
other
impact:
owl
founders,
yeah,
just
like.
A
B
I
used
to
be
a
young
entrepreneur
now
I'm
a
middle-aged
entrepreneur,
so
I
don't
know
yeah
the
okay,
so
I
I
mean
I'm
a
software
engineer
by
by
training,
and
I
really
think
that
the
way
that
you
build
credibility
in
this
space
is
not
to
talk
about
your
ideas,
but
it's
to
build
show
don't
tell
is
a
huge
one
for
me
and
you
know
the
reason
why
you
see
if
you
go
to
get
coin
dot,
co,
slash
results.
B
You
can
see
that
we've
created
65
million
dollars
worth
of
funding
for
open
source
and
the
reason
that
that
page
exists
is
like.
We
needed
a
source
of
truth
for
our
analytics,
but
also
everyone
in
their
brother
or
everyone.
Their
sister
in
2017
was
talking
about
how
they're
going
to
change
open
source
and
they
just
all
look
the
same.
It's
all
just
a
marketing
page
with
a
bunch
of
buzzwords
and
it's
like
buy
my
token,
and
there
was
no
one
actually
doing
it
yeah.
B
It
was
all
in
support
of
the
fundraising
vehicle,
which
was
a
token
sale,
and
we
built
gitcoin.com
results
just
to
be
like
this
is
what
we're
doing.
This
is
the
traction
so
far
and
it
just
set
us
apart
from,
like
all
the
people
who
are
talking,
but
not
doing
so
show
over,
tell
and
and
and
and
really
highlight
the
data
was
was
the
the
first
thing.
I
guess.
B
The
second
thing
is
that
you
guys
you
all
might
not
know
that,
like
so
eventually
we'll
live
in
this
world,
in
which
it'll
be
this
beautiful
utopian
world
in
which
impact
else
will
just
be
rewarded
for
the
impact
that
they
create
via
impact
certificates
and
you'll.
Just
like
take
a
n
number
of
carbon
out
of
the
tons
of
carbon
out
of
the
atmosphere
and
you'll
get
n
times
x,
number
of
tokens
for
doing
that
and
it'll
be
a
beautiful
utop.
B
Like
you
just
focus
on
your
mission,
it's
nice
it'll
be
we'll
eventually
get
there,
but
until
then
you
need
to
find
a
way
to
get
revenue
so
that
you
can
pay
salaries,
so
you
can
both
talent
into
there
and
one
of
the
things
I
think
that,
like
in
retrospect,
when
I
look
back
at
get
coin,
is
we
have
bitcoin
grants,
which
is
this
charitable
arm
of
get
coin?
But
the
way
we
survived
the
bear
market
was
by
running
hackathons.
A
B
So
basically,
we
have
like
marketing
departments
know
how
to
pay
for
a
virtual
hackathon
sponsorship,
and
we
do
like
100
to
200k
a
month
in
revenue
of
just
selling
virtual
hackathons,
by
the
way
sign
up
for
the
sustainable
blockchain
summit
hackathon
on
git
coin
everyone,
and
but
but
the
point
is
that
the
point?
The
point
is
that
git
coin,
like
bitcoin
grants,
creates
the
brand
halo
like
vitalik
tweets
about
us
because
of
bitcoin
grants,
and
then
that
brand
halo
creates
developers
and
marketing
departments
that
want
to
get
involved
in
get
coins.
B
We
sell
them
hackathons
and
then
that
revenue
supports
the
people
who
are
building
on
get
coin
grants,
and
so
the
the
toggle
between
creating
revenue
and
creating
impact
is
something
that
we're
going
to
have
to
do
until
someone
solves
the
problem
of
you.
Just
get
revenue
for
impact,
and
so
whatever
your
impact
now
is
like
find
a
way
to
support
yourself,
and
I
am
a
big
fan
of
pragmatism
and
not
dogmatism.
B
Unless
you
have
you
know,
unless
you
have
like
a
trust
fund
or
something
like
that,
you
need
a
way
to
fund
these
projects
and
in
business
models.
Is
is
the
second
is
the
second
piece
of
advice
that
that
that
you
have
and-
and
the
third
thing
is-
is
that
you're
going
to
be
in
an
idea
maze
for
years
weeks,
months
years,
there's
many
things
that
you'll
just
have
to
kick
the
can
on
and
and
the
idea
maze
is
really
fun
but
really
stressful.
B
You
know
the
dms
is
when
you're
trying
to
figure
out
the
final
form
of
what
your
project
is
going
to
be,
but
you
have
the
immediate
constraints
of
the
near-term
deadlines
and
that's
the
hustle.
That
is
the
struggle
of
of
impact
owls
and
you
got
to
take
a
break
and
you
got
to
rest
yourself,
I'm
five
years
into
get
coin.
It's
a
marathon,
not
a
sprint.
B
At
this
point,
and-
and
I
think
that
you
really
just
have
to
accept
you're-
going
to
try
a
lot
of
things
that
that
aren't
going
to
work
but
but
that
you
have
to
keep
keep
keep
going
going
anyway
and
you
kind
of
have
to
embrace
the
the
the
chaos
but
like
the
contradiction
in
there
is
like
I'm
going
to
try
this
and
I'm
going
to
work
really
hard.
But
it's
probably
not
going
to
work.
A
B
Reminds
me
of
of
of
the
the
I
think
it's
the
heart
sutra
in
in
in
buddhism.
It's
like
this
idea
that
sentient
beings
are
numberless.
I
vow
to
save
them
all.
The
dharma
is
boundless.
I
vow
to
master
it.
The
buddha
way
is
unattainable.
I
vow
to
attain
it,
that's
what
you're
doing
when
you're
starting
an
impact.
Al
you're
acknowledging
the
contradiction
that
you're,
like
your
north
star,
is
way
longer
than
anything.
B
You'll
ever
be
able
to
do,
but
you're
doing
it
anyway,
and
I
think
that's
that's
one
of
the
beautiful
things
about
entrepreneurship
is
is:
is
that
journey
of
cycling
between
between
the
two
things,
so
yeah
tldr
find
a
business
model
for
your
thing,
embrace
the
contradiction
embrace
the
impact
in
embrace
the
maze
and
show
don't
tell
are
my
are
my
three
things
there.
Reference.
A
Towards
building
love,
yeah
and
interesting
on
the
business
model
side,
I
noticed
when
I
was
going
through
get
coin,
grant
rounds
that
you
guys
don't
take
any
fees,
and
so
how
do
you
guys
sustain
what
you're
doing?
How
do
you
look
at
your?
You
know:
value
creation,
value
capture,
and
how
do
you
manage
an
organization
of
this
size
because
I
know
you're
not
on
leadership
now,
but
you
have
the
experience
of
it.
There's
what
300
people
working
at
get
coin
down
now.
B
Right
so
I
think
we
they
just
issued
the
bitcoin
dial
year-end
report
and
it
it
quoted
300
contributors.
I
think
that's
the
number
of
people
who
have
gotten
tokens
from
the
dow.
The
full-time
number
is
more
between
50
and
70.,
and
I
I
I
you
know.
I
I
honestly
think
that
there's
questions
about
get
coindale's
sustainability
and
financial
model
that
the
dow
is
working
through.
B
I'm
I'm
since,
since
the
asset
transfer
and
the
passing
the
torch,
I'm
not
deeply
involved
in
that,
but
I
I
think
that
there's
there's
some
opportunities
that
that
they're,
brainstorming
and
waiting
that
that
I
I
think
that
you'll
see
the
dow
announcing
publicly
exactly
what
its
strategy
is
on
that
front
just
out
of
necessity
of
the
bear
market.
B
Even
you
know
we're
so
blessed
to
to
have
you
know
the
hackathon
business
model
and
to
have
vitalik
tweeting
about
us
and
and
and
and
and
because
of
that,
we're
kind
of
in
the
special
category
of
things
that
have
survived,
and
people
just
assume
we'll
survive.
But
I
actually
don't
think
it
is
guaranteed
that
bitcoin
will
make
it
through
this
bear
market,
and
I
I
think
the
dow
needs
to
self-organize
around
its
financial
sustainability
and
maybe
make
some
hard
trade-offs
in
the
in
the.
A
Totally
that's
cool
yeah
and
the
community
get
behind
it.
I
mean
I
I
totally
feel
like
you
know
I,
as
a
recipient
of
bitcoin,
grants
need
to
reciprocate
and
everybody
who's.
Taking
advantage
of
you
know
the
funding
flows.
Needs
needs
to
give
back
and-
and
I
think
that's
you
know
a
total
precedent
worth
exploring,
but
you
mentioned
earlier
that
you
know
this
concept
of
a
hyperstructure
is
inherently
valuable
as
something
to
to
own.
Can
you
just
unpack
that
briefly
and
then
maybe
we'll
open
up
to
a
question
from
the
audience
yeah
totally.
B
All
right,
so
look
I'm
looking
at
the
audience
right
now
how
many
of
y'all
have
read
jacob's
post
about
hyper
structures?
B
Okay,
only
a
couple
people
how
many
people
are
actually
would
consider
yourselves
like
in
the
web,
3
blockchain
space
of
the
audience,
okay
about
about
half
of
the
hands
and
then
how
many
of
you
all
are
kind
of
green
to
web
3,
but
more
in
the
climate
side
of
things.
B
Okay,
maybe
like
a
third
of
the
audience.
Okay,
I
just
wanted
to
understand
the
distribution
of
of
who's
out
there
and
and
hopefully
that
matches
your
podcast
audience
a
little
bit
too.
So
hyperstructures
is
this
idea
from
jacob
hearn
hornhern
of
zora
and
basically
the
idea
of
I
think
it
was
like
an
institution
in
the
sky,
an
institution
in
the
network
state
and
it's
it's
basically,
it's
code
that
will
run
forever
without
intermediaries
and
and
it'll
just
run
on
on
the
ethereum
blockchain
or
the
blockchain
of
your
choice,
and
it
runs
it.
B
It
runs
without
interruption
or
intermediaries
and
and
part
of
the
idea
is,
is
to
kind
of
get
people
to
envision.
What
new
institutions
would
look
like
and-
and
he
called
it
hyper
structures,
and
so
so
basically,
the
idea
that
he
jacob
uses
in
the
post
is
uniswap
is
is
kind
of
a
hyper
structure,
because
it's
a
smart
contract
system
that
is,
is
on
ethereum
and
it
works
without
having
to
have
like
private
access
to
lps.
B
Everyone
who
interfaces
with
uniswap,
whether
you're
a
trader
using
their
front
end
or
you're,
an
lp,
is
just
using
the
hyper
structure,
but
just
like
a
different
entrance
to
the
hyper
structure
and-
and
so
you
know-
that's
an
example
of
an
institution
in
this
in
the
in
the
cloud
and
in
the
network
state
and
and-
and
I
think
that
one
of
the
jacob's
suppositions
is
that
hyper
structures
can
be
extremely
valuable
to
own
and
to
govern.
B
But
they
don't
ever
really
have
to
make
any
revenue
that
was
kind
of
like
the
radical
thought
of
of
a
hyperstructure.
Is
that
you
can?
You
can
kind
of
have
a
governance
token
that
has
the
right
to
turn
on
a
fee
switch,
but
it
never
asks
to
actually
turn
on
the
fee
switch
to
have
value
to
the
system.
And
it's
it's
something
that
I
would
like
to
believe.
B
But
it
just
feels
like
we're
all
losing
trust
in
these
industrial
age
institutions
and
we
need
new
information
age
institutions
that
we
can
rely
on
and
hyperstructure
is
kind
of
it's
kind
of
landed
there.
For
me,
I
don't
actually
remember
was
the
question.
You
asked
me
about
hyperstructures.
B
B
Yeah,
so
that's
like
the
base
idea,
but
let
me
run
with
it
a
little
bit
more
now
that
you
just
reminded
me
what
we
were
talking
about,
so
a
hyper
structure
that
that
builds
and
supports
other
hyperstructures,
I
think,
is
like
one
way
of
framing
where
bitcoin
could
ultimately
be
in
in
in
by
the
way
we'll
see
if
the
hyper
structure
idea
even
plays
out
some
all
models
are
wrong.
Some
are
useful.
Maybe
hyperstructures
is
in
both
categories.
B
Maybe
it's
not
so
hyperstructure
that
exports
public
goods
coordination
software
to
the
world,
and
it's
also
hyperstructure,
that
builds
other,
builds
and
supports
other
hyper
structures.
So
basically
it's
like
the
first
capital
and
the
first
like
place
in
which
you
get
talent
as
you're,
building
your
own
hyper
structure
and-
and
I
think
that
that's
kind
of
a
beautiful
articulation
of
what
bitcoin
could
become,
but
again
it's
up
to
the
dow
to
decide.
B
Generator
functions
are
just
like
a
function
that
returns
another
function,
and
so
what
would
it
have
to
be
true
for
git
coin
to
ingest
capital
from
the
matching
providers,
run
it
through
this
quadratic
funding
engine
and
then
it
spits
out
funding
for
for
other
coordination
mechanisms,
and-
and
so
that's-
that's
kind
of
one
of
the
beautiful
dreams
that
I've
been
dreaming.
But
it's
it's
too
complicated
to
explain
in
like
a
tweet
or
something
so
it
doesn't
get
out
there
much
thanks.
I
guess
we
had
an
hour
here.
So
thank
you.