Building At The Edges cover image

DAOs Are Public Goods — Kevin Owocki

Building At The Edges

CHAPTER

The Challenge of Saying No to Get Coin

Get coin is like a game of musical shares where the music keeps going. And so you don't have to make the hard choice of who gets off the boat. But when the bear market hits, gravity kicks in and you see who's not contributing really or has been running in a million different directions but not really shipping anything. That was the OSHIP moment where GIC going down was spending like $1.3 million per month and not shipping grants protocol. It just wasn't capital efficient at all. Hard decisions are necessary.

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