Leo
@leohenkels
Hey everyone, please don't crucify me, but I published a long-form piece about governance and used $ZORA as an example. I don't necessarily agree with the model, and I published a critique about it. I think about governance a lot, and have for the past 3 years while I've been @midao. I'm not an expert, but I care deeply about this stuff and I just wanted to get my thoughts about governance out there in a blog post. Feel free to roast me or ask any questions below.
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Erik
@eriks
this was a great read - it makes me think about how/if equities (public and private) themselves are a better form of ownership, and getting equities onchain sooner rather than later would be beneficial as a way to show how value could accrue and governance could be handled equities benefit from global liquidity onchain too, and while i think it’s unique what some onchain app or protocol tokens do today in terms of rewarding users, there’s nothing to say equities couldn’t make that same leap once they have better user data, while still leading in terms of value accrual and governance
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Leo
@leohenkels
First, thank you! And ya I absolutely agree, I hadn’t thought about equities being brought on chain. Throws a whole new wrench in the system. Probably for better, but hard to even think about that variable right now. Another thing you bring up that’s interesting, is what happens if Zora has a token from the beginning? Easy to say in hindsight, but that probably would have accrued a ton of value by then.
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Erik
@eriks
great point, that’s a nod to ppl launching tokens/products simultaneously on clanker for example, even if value accrual isn’t figured out from the beginning, like u said it could lead to more asymmetric outcomes for both users and investors
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