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Eddy Lazzarin π
@eddy
Why do we even have foundations in crypto? Do we really need them going forward? @milesjennings explains why we had them, and why we may not need them any longer.
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Manan
@manan
links are ok on farcaster :)
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Brais.eth
@chi
Well some foundations have a "closing plan" already
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Harsh Agrawal | techkareer.com
@itsharshag
very interesting, strangely I never thought about this much, will dive into the article, thanks for sharing!
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Phil Cockfield
@pjc
cc @ro
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Gus
@gus
Miles is right (as usual).
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Zack Guzman π©
@zguz
As a US founded onchain DAO/Coop, the community-owned media outlet @coinage has been living proof that this new model can work Been at it for more than 3 years now :) https://www.coinage.media/s4/daos-are-dead-why-onchain-cooperatives-will-usher-in-cryptos-golden-age
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Dean Pierce π¨βπ»ππ
@deanpierce.eth
Depends on what the goal is for the crypto project. Are you working for the public good, or trying to max extract from your community π€· Seriously though, the friction that foundations cause is exactly the reason why people set them up. It's a feature, and if it's not a feature you're looking for, then yeah, don't do it.
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Steve Pederzani
@pederzani
Tax and regulatory exploits mostly, especially when it comes to schemes where you apply for money on the basis of distributing money for your foundationβs purpose. (eg, why you see a lot of microgrants based on revenue with these.) Itβs a way to for-profit without being able to get donations under some of the safeguards of 501c4 treatment in the US. 501c3 is better. Much tighter belt and more virtue focused like a lot of web2 open source consider. NLA but work professionally in nonprofit space in law/compliance/board/leadership.
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avesda
@avesda
cc @algofoundation
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