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David Longhini's avatar

This is beautiful and love how well you've framed your problem solving. Planning to dive a little deeper in and likely invest to support and follow along.

I would add that an equally important part of this book is *who* has opposed these efforts, *how* using what arguments that are top of mind for people. From what little I know there have been many attempts to have this kind of regulatory system but they are usually opposed. The perfect story example is the Green Bay Packers (only distributed ownership of a team and the NFL then banned more from being created).

It's not harder to have the world you're describing. In many ways it'd be easier. But it's explicitly not designed that way and attempts to create it have been opposed. I'd be curious who's doing the opposition and how they get away with it. Cheers!

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Elle Griffin's avatar

I was just speaking with some mentors this week about this very thing. For example: One of the major hurdles to worker-owned (and stakeholder-owned, for that matter) businesses, is that traditional funding mechanisms are now allowed or able to fund those kinds of businesses. It's a huge policy flaw that is keeping more of those businesses from being funded and established! But there are people working on it and I will cover their efforts in-depth. You're so right, we need to figure out what those hurdles are and undo them!

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David Longhini's avatar

I love it and will be interested in seeing updates here! I’ve heard the same from friends all across the spectrum.

While I’m more of a crypto novice lurker this is one of the main benefits of DAOs is creating a structure for what society refused to (decentralized ownership and payments). It almost feels like the whole DeFi movement is a rebellion against institutions who tried to prevent those kind of organizations from existing.

I’ll be following though, love the work Elle!

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Elle Griffin's avatar

TOTALLY. Do you know of any DAO's that have been successful in their model? A lot of the ideology in this space seemed to start on the blockchain, but then wound up being created off it in order to be successful. For example, collective ownership of art was an on-chain idea, but Masterworks became more successful with it off-chain. If you know of any successful case studies let me know!

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David Longhini's avatar

Honestly! Not really but any time I look at it I get lost in crypto language. Cabin DAO has been interesting in terms of rebuilding communities and self ownership. There's a bunch that have successfully self-organized and paid for on chain projects (selling shovels not digging gold). But I can only look at them so long before getting lost in language I have yet to take the time to understand, so I'm sure I'm missing some worth discussing.

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Elle Griffin's avatar

Ah, I so feel this frustration. Like there is this shiny exciting idea, but then the execution is impossible to understand. Or else doesn't seem to work the way that they say it does in practice? I'll definitely be keeping an eye on the space though and will be looking out for case studies!

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