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Unchained

How Soulbound Tokens Could Reduce Speculation and Improve DAO Voting - Ep. 360

Unchained

Laura Shin

Tech News, Business News, News

4.61.3K Ratings

🗓️ 7 June 2022

⏱️ 57 minutes

🧾️ Download transcript

Summary

Glen Weyl, RadicalxChange Foundation founder and political economist & social technologist at Microsoft Special Projects, and Puja Ohlhaver, strategist at Flashbots, discuss “soulbound tokens” and their implications for collaboration and social organization in a variety of spaces. Topics covered include: how Glen got involved in crypto, wrote a book, and came to co-write a paper with Vitalik Buterin  how Puja studied economics and got in touch with Glen in pursuit of a middle ground between left and right politics what soulbound NFTs are and how they work how Vitalik’s paper articulated how the concept of the soulbound token could advance decentralized collaboration in web3 how decentralized reputation can enable larger networks of coordination how identity can be understood through the lens of community participation how the name ‘soulbound token’ came about how these tokens could provide a technology for those who value scarcity but disdain speculation how identity-dedicated tokens could work on a technical level (including recovery) what is DeSoc and why is it important? how non-transferable tokens can improve DAO organization, including resolving issues with quadratic funding how identity-locked tokens can be protected from bots and AI abuse how these tokens could support community privacy and responsible information disclosure   Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021  Beefy Finance: https://beefy.finance/    Related Reading Decentralized Society: Finding Web3’s Soul (Weyl, Ohlhaver, and Buterin; 2022) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4105763  Georg Simmel, German neo-Kantian who laid groundwork for antipositivism https://en.wikipedia.org/wiki/Georg_Simmel  How Blockchains Can Help Create Little Democracies Everywhere https://unchainedpodcast.com/how-blockchains-can-help-create-little-democracies-everywhere/    Soulbound Tokens Vitalik on Soulbound tokens https://vitalik.ca/general/2022/01/26/soulbound.html TL;DR written by Glen https://www.coindesk.com/layer2/2022/05/11/after-defi-desoc-finding-web-3s-soul/ Other write-ups https://nftnow.com/guides/soulbound-tokens-sbts-meet-the-tokens-that-may-change-your-life/ https://www.radicalxchange.org/concepts/soulbound-tokens/ https://fortune.com/2022/05/26/what-are-soulbound-tokens-web3-buterin/ https://thedefiant.io/vitalik-soulbound-tokens/   Projects Mentioned Ceramic https://ceramic.network/  Verifiable Credentials Data Model (w3) https://www.w3.org/TR/vc-data-model/#abstract  Optimism https://optimism.io/  Gitcoin https://gitcoin.co/  Glen Weyl Personal Website https://glenweyl.com/  Twitter (@glenweyl) https://twitter.com/glenweyl/    Puja Ohlhaver LinkedIn https://www.linkedin.com/in/puja-ohlhaver-b44b878  Twitter https://mobile.twitter.com/pujaohlhaver  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Crypto moves at lightning speed. For the latest crypto updates, be sure to subscribe to our daily newsletter at unchainedcrypto.substac.com.

0:09.0

Again, that's unchainedcrypto.substac.com.

0:15.0

Hi, everyone. Welcome to Unchained, your no-hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians.

0:24.0

I started coming crypto seven years ago, and as a senior editor at Forbes, was the first mainstream media reporter to cover cryptocurrency full-time.

0:32.0

This is the June 7th, 2022 episode of Unchained.

0:36.0

With the Crypto.com app, you can buy, earn, and spend crypto in one place. Download and get $25 with the code, Laura. Link in the description.

0:45.0

This episode of Unchained is brought to you by Beefy Finance, the multi-chain yield optimizer.

0:52.0

Beefy is the easiest way to earn more from your crypto. Deposit funds into beefy's secure vaults to auto compound yield across 12 blockchains.

1:02.0

Got crypto? Choose beefy.

1:05.0

Today's topic is Soulbound Tokens. Here to discuss our Glenn Wile, founder of the Radical Exchange Foundation, and political economist and social technologist at Microsoft Research Special Projects, and Pooja Allhavr, strategist at Flashwats.

1:21.0

Welcome, Glenn and Pooja. Thanks for having us.

1:23.0

Good to be with you.

1:24.0

Quick note that I am in Europe and do not have the cord that connects my nice mic to my computer, so my sound is not great, apologies.

1:33.0

And I also need to note that because I have COVID, or at least I had it a few days ago, I don't know about now.

1:40.0

I may also cough during the episode I likely will. Hopefully I will not choke on screen. We'll see.

1:47.0

Alright, first, let's discuss each of your backgrounds and how it is that you came to write this paper with a Ethereum creator of Vitalik Booterin on Soulbound Tokens. Glenn, why don't we start with you?

2:00.0

So I have a background as an economist.

2:03.0

I was a professor at the University of Chicago for a few years, and then I ended up at Microsoft mostly for personal reasons.

2:11.0

I was developing a lot of sort of radical ideas about how to reimagine our politics and economy.

2:17.0

And in 2016, when a lot of the populist waves started to happen in mainstream politics, I decided to write a book called Radical Markets that put those things together jointly with Eric Posner into sort of a vision of addressing some of the big picture problems in the world.

2:34.0

And I was not all involved in what was then called the blockchain space, but in fact, it was quite skeptical of what little I knew about it.

2:42.0

But the book ended up not being a particularly great mainstream success, but found an audience within the blockchain world.

...

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