Ways to improve the ownership economy — Mirror

To create stronger community ownership, web 3.0 networks should move away from resourcing startup capital from centralized, opaque, and hierarchical VCs

If tokens = ownership, who makes decisions around distributing ownership?

Who controls access to the treasury?

Who decides how tokens are allocated?

Some questions to consider:

For networks that aim to be community owned, there should be some form of codetermination at the outset, allowing community proxies or representatives to be involved in treasury-related decisions -- particularly around token allocation.

Disclosures of compensation within crypto networks should become a core standard in order to demonstrate real community ownership.

One of the most overlooked elements of ownership in the web 3.0 space is financial transparency, particularly regarding investments and agreements. If the goal of "progressive decentralization" is to transition to community ownership, it would seem incongruent for early stage investments terms to be hidden from the community.

Ownership can be understood as a proxy for two things: decision making power and financial power. This suite of benefits includes the ability to have a voice in the direction, strategy, operations, or fate of a company; as well as the ability to capture profits and the value of its equity and assets.