Whats up and welcome again to Fairness, a podcast in regards to the enterprise of startups the place we unpack the numbers and nuance behind the headlines.
That is our Wednesday episode after we area of interest right down to a single matter, seeking to broaden our understanding of 1 specific know-how pattern or one other. And this week, it was all in regards to the ConstitutionDAO.
For individuals who weren’t on-line final week, right here’s what you missed: a not-so-subtle group of strangers on the web banded collectively to attempt to purchase one of many remaining 13 copies of the Structure. With crypto. The daring bid finally fell brief, however many noticed it as an inspiring onramp into how communities can mobilize round a shared purpose in a web3 world. The entire motion, from its meme begin to its poetic, and billionaire Ken Griffin-themed, finish, was simply too attention-grabbing for Fairness to not dedicate a whole episode to.
So, Natasha and Alex introduced on Lucas Matney and Anita Ramaswamy to unpack, decompress and bond over our shared expertise of witnessing this “monetary flash mob.”
We talked about what a DAO is, and what they is likely to be used for. We dug into the query of simply what number of of us the hassle actually dropped at the bigger “web3” area. And, in fact, we needed to speak about fuel charges, NFTs and the tempo of innovation in crypto extra broadly. Lucas even broke out a wonderful analogy to elucidate level-two chains!
The crew had been usually bullish on the blockchain financial system, if skeptical of a few of its present makes use of. Briefly, the potential stays potent in crypto even when a few of its initiatives, at present no less than, are a bit extra boring than breakthrough. Crypto, we’re informed, goes to shake up the world. Extra of that, we reckon, and fewer of the meme-wars wouldn’t be amiss.
Fairness drops each Monday at 7:00 a.m. PST, Wednesday, and Friday at 6:00 a.m. PST, so subscribe to us on Apple Podcasts, Overcast, Spotify and all of the casts.