🪙 DAOs become a real capital-formation primitive

Jason crypto w=0.69 · n=13 · E56 (2021-11-20) · explicit_prediction · strength 3 ▶ 28:13 SUPPORT · horizon 24mo

“What I always look at when I see new technologies doing something is I just imagine if it 10x'd and what that would look like, and if it worked, and then I just 10x it one more time. So what we're going to see, I predict, is this $40 million dollar dollar will turn into a $400 million one in the next two years, and then a $4 billion one in the next 10”

Chamath crypto w=1.00 · n=20 · E56 (2021-11-20) · explicit_prediction · strength 3 ▶ 14:04 OPPOSE

“The only fractionalized asset that has ever been proven to appreciate reliably are stocks. ... But I do think that you're overblowing this one example, because I don't think this showed any of that. I think that this showed how unreliable and useless Ethereum is as a transactional layer for these things. You know, the fact that these poor people now have money stuck in a dow that they can't get out of, because the gas fees would negate their contribution.”

Friedberg crypto w=1.08 · n=12 · E56 (2021-11-20) · explicit_prediction · strength 3 ▶ 18:32 OPPOSE

“My point is really that I think structurally what's going to happen is there are going to be more of these things that are going to show up that will rip people off and that will heighten regulatory interest and people will come along and they'll start to clamp down on this stuff.”

Sacks crypto w=1.11 · n=18 · E56 (2021-11-20) · sentiment · strength 2 ▶ 11:16 OPPOSE

“That was ICOs. You could have done the exact same thing before. ... So it's probably simultaneously true that this thing was massively overhyped, while also being the case that it's a worthwhile experiment that may lead to useful innovation in the future.”

Jason crypto w=0.69 · n=13 · E60 (2021-12-23) · explicit_prediction · strength 3 ▶ 1:15:02 SUPPORT · horizon 120mo

“I say DAOs because I believe that they will become legal and global capital formation for the first time on an instant basis will exist. And I believe 40 million is the dry run for the Constitution. 400 million and 4 billion will happen in the next 10 years to do bigger and bigger challenges.”

Chamath crypto w=1.00 · n=20 · E60 (2021-12-23) · sentiment · strength 2 ▶ 23:56 SUPPORT

“This was the year that loose affiliations of individuals could compete on a level playing field with organized capital. And I think that that's a really important trend for the future.”

Friedberg crypto w=1.08 · n=12 · E60 (2021-12-23) · sentiment · strength 2 ▶ 6:01 SUPPORT

“And it is a very serious threat to the current system of politics and economics and social order. ... And so I would say the blockchain has really kind of created a new model for organization amongst humans that is waking us up in the political class more than anything else.”

Jason crypto w=0.69 · n=13 · E75 (2022-04-09) · sentiment · strength 1 ▶ 1:02:29 SUPPORT

“you could buy shares, you could lead a group, start a DAO, start a hedge fund, whatever, build a block to buy a bunch of shares. And then you could get a board seat on Twitter”