DeFi, Ethereum

๐Ÿ“บ SotN #47: Gitcoin DAO & $GTC Token with Kevin Owocki

Decentralizing Gitcoin and Slaying Moloch
May 26, 202101:04:35
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Inside the episode

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Gitcoin is turning itself into Gitcoin DAO, governed by the community and GTC holders. ย Come learn all about Gitcoin DAO, GTC distribution, and the responsibilities of the governors!

Kevin Owocki is former Philosopher King of Gitcoin, and now heโ€™s a member of the DAO.

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State of the Nation #47: Gitcoin DAO & $GTC Token

Guest: Kevin Owocki

May 25th, 2021

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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