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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🦄 UNISWAP | DECENTRALIZED FUNDING http://bankless.cc/uniswap ------ 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
------ 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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