SotN #47 - Gitcoin DAO & $GTC token, with Kevin Owocki
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 26 May 2021
⏱️ 64 minutes
🧾️ Download transcript
Summary
Gitcoin is turning itself into Gitcoin DAO, governed by the community and GTC holders!
Come learn all about Gitcoin DAO, GTC distribution, and the responsibilities of the governors!
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State of the Nation #47: Gitcoin DAO & $GTC token
Guest: Kevin Owocki
In this week's State of the Nation, we bring on Kevin Owocki to discuss the decentralization and DAO-ization of public goods funding platform Gitcoin, and the launch of their $GTC token. Kevin is the former benevolent dictator (CEO) of Gitcoin and a General in the war against Moloch (human coordination failure).
The purpose of Gitcoin is to provide a platform for open-source software developers to acquire funding for their projects. Kevin mentions that open-source creates $500B in economic value yearly. In the crypto space, and on the internet at large, open-source development means that something is free to use, fork, or build on. This accessibility has been a driving force behind web development, and Gitcoin's mission is to create a business model for open-source software developers. Gitcoin has raised around $20M since its initial launch in November 2017.
Gitcoin DAO is seeking to meme itself into the Quadratic Lands, where public goods are well-funded and digital democracy reigns. As Gitcoin has grown, it has come to the point in which a DAO is more well-served for Gitcoin's goals of activism and open-source development. Anti-fragility and distributing points-of-failure are key benefits of transitioning into a DAO. The alignment of incentives between the individual and society is crucial for optimizing capital efficiency and organically generating a better society.
GTC = Grow The Community
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Resources:
Coordination Failures
https://newsletter.banklesshq.com/p/know-thy-enemy-coordination-failures
Claim GTC
https://newsletter.banklesshq.com/p/-alpha-alert-claim-gitcoin-token
Gitcoin
https://gitcoin.co/
Quadratic Lands
https://gitcoin.co/quadraticlands/
Kevin on Twitter
https://twitter.com/owocki?s=20
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Transcript
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| 0:00.0 | A bankless nation, yeah, here, another of the state of the nation. |
| 0:18.6 | This is the time of the week where we talk about what's happening. |
| 0:21.7 | We've related to big picture stuff, the themes of the bankless newsletter and podcasts. |
| 0:27.0 | We try to drop some insights and action items for you. |
| 0:30.2 | Coming in hot today, super excited about this. |
| 0:33.4 | Getcoin, Dow, just launched the GTC token, just launched. |
| 0:38.2 | If you've ever given to Getcoin, you may be a recipient of GTC. |
| 0:43.0 | We are talking Kevin O'Walky, who is the founder of Getcoin and responsible for helping |
| 0:48.1 | to launch this Dow today. |
| 0:50.4 | Super excited about it. |
| 0:51.4 | David, are you excited, man? |
| 0:53.1 | Oh my gosh, absolutely. |
| 0:54.9 | I think there's no one more on the forefront of thinking about why Dow's, why digital organizations |
| 1:03.0 | than Kevin O'Walky. |
| 1:04.0 | That's why I'm really excited to get him on the show today because we can talk about |
| 1:09.6 | all the basic reasons that everyone hears over and over and over again about why Dow's |
| 1:13.0 | are good. |
| 1:14.0 | Those are all real. |
| 1:15.0 | When we take them and think about them at more abstract, more satellite level views, things |
| 1:19.8 | get really interesting, and Kevin is a great person to talk to about that. |
| 1:24.9 | And so I'm really excited to get that conversation going here on the state of the nation. |
| 1:29.6 | So we are going to be talking about the Getcoin Dow launch, solving the public goods funding |
... |
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