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SotN #47 - Gitcoin DAO & $GTC token, with Kevin Owocki

May 26, 2021

Kevin Owocki, founder of Gitcoin, dives into the exciting world of Gitcoin DAO and its freshly launched $GTC token. He discusses Gitcoin's mission to fund open-source software, revealing the staggering $500B economic value generated by open-source projects yearly. The conversation explores innovative governance models like quadratic voting and emphasizes grassroots involvement in decision-making. Kevin also tackles the challenges of coordination failures in the crypto space, shedding light on the broader implications for public goods funding and community empowerment.

01:04:08

Creator website

Episode guests

Kevin Owocki

AI Chapters

Episode notes

Intro

1min

The Future of Funding and Work in DeFi

3min

Slaying Moloch: Coordination and Public Goods in DeFi

4min

The Launch of Gitcoin's Governance Token

10min

Evolving Gitcoin: The DAO Revolution

21min

Gitcoin's Token Strategy and DAO Transition

9min

Combating Coordination Challenges in Ethereum

8min

Overcoming Coordination Failures through Community and Crypto

6min

Engaging with the Gitcoin DAO: Participating in the Crypto Movement

2min

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

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

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