NextMeta MetaView #25 - DAOs & The Global Economic Order w/ Patrick Rawson
Patrick Rawson discovered Ethereum in January of 2017 and it seemed to him like a game changer. By 2019 he quit his job in advertising and became a full-time DAOist and regen. He is a co-founder of Curve Labs & Kolektivo. In this episode he talks about his view on the evolution of crypto space and what he has learned so far.
From his perspective, which weighs the institutional framework, the crypto technology has to interface with the real world to build effective finance. “What we need is a new constellation of institutional actors operating from the bottom-up, with more of a community gaze than this top-down flow of money”, he says.
Ecotechnics was the term he once used to define what is now widely known as regenerative finance, a term with which he was trying to answer a question: “Money is a technology that is used to solve this trifecta problem of store value and medium of exchange and so forth; so understanding that, how can we create a bottom-up form of money which has a different set of outcomes? I use this term ecotechnics because I think those outcomes need to be particularly mindful of the closed ecological system that is the Earth".
He brings to the table the use of what he calls process assets, as a form of tokenization that could have enormous real-world benefits by taking different processes and turning them into abstractions of these to guarantee they happen. This is also without the need to subscribe to any particular agenda and thus decentralizing authority from institutions. “I find this all very very exciting from an institutional perspective as it's taking a historically monopolizable form of authority and giving it to regular people to do what they will with it”.
As for the future, his hope is that the distinction between Web3/Crypto and the real world dissolves. “There's sort of this underlying assumption that every time we say crypto we're referring to some virtual domain, some metaverse on the horizon that doesn't affect the real world and I would like to see that that distinction close over time. Where when we refer to crypto or refer to Web3, we are simultaneously referring to more than a predominantly virtual domain, that we are referring to entire communities”.
Some of the topics
- His biggest lessons in the space
- His posts series called ‘DAOs and the Global Economic Order’
- Ecotechnics & Refi
- Process assets & proof of impact
- Liquidity in impact formation
- Universalist politics
- The future of Web3/Crypto
Resources
DAOs and the Global Economic Order