history of the swarm
TRANSCRIPT
Joel Dietz, CEO 668 High Street, Palo Alto
[email protected], www.swarm.fund
All you need to know about Blockchain on one slide
Welcome to a DAOist world
P2P Foundation writings (https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=site:p2pfoundation.net+joel+dietz) Ethereum Meetup (http://www.meetup.com/EthereumSiliconValley/) Distributed Governance Whitepaper (https://github.com/fractastical/distributed-governance/blob/master/whitepaper.md) Decentralized Autonomous Society (https://www.facebook.com/groups/579940655425355/, 1100 members) Crowdfunding (http://evergreenthoughts.quora.com/Cryptocurrency-Crowdfunding-Problems-and-Potential) “Coinify” (koinify.com) “Cryptoequity,” community Network (Swarm, https://bitcointalk.org/index.php?topic=664071) Comiccoin (http://www.coindesk.com/bitcoin-comic-goes-sale-following-successful-crowdfunding/) “Remember, remember” Harvard summit (http://www.coindesk.com/token-security-research-analyzes-blockchain-us-law/) DCO implementation (http://www.coindesk.com/swarm-targets-blockchain-governance-platform-pivot/)
History
Lack of good projects
Legal
Lack of accountability
High marketing costs
BTC drop
Problems
Bad economics
Governance
DCO model
Usability
SolutionsDecentralized due diligence
- legal contract describing governance - structured as “partnership” - voting tech - automated asset issuance - project page - distribution - sale
DCO package
Good! - broad engagement - large community - values based !!Bad - enthusiasm levels vary over time - can be scary to ecosystem (i.e. too disruptive) - most crowdfunding campaigns fail (~40% success rate on Kickstarter) !Ugly! - hard to do follow on funding - budgeting on asset that fluctuates in price
Lessons Learned
42*2 Projects
Project Mayhem*