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Values
Why sharing value matters
When people do bad things, it's never really because they are "bad" people. It's usually because the system has the wrong incentives. If we could design a system to align the incentives of large groups of people towards productivity based rewards and open license technology, the gains in productivity we would see would be beyond belief.
Whether after the Revolution in France, or the Deng reforms in China, every time people got ownership of the things they interacted with, we observed an extraordinary economic explosion. When people own things, they can invest in them, and earn returns for them. This is a very powerful concept.
Up until now, three distinct categories owned, operated and used a product: the investors owned the business, the founders were a mix of owners and operators, and the employees were mostly operators, while the customer, mostly users. There is a lot of value in such a system, investors mostly focus on allocating capital well, employees on doing their job well and customers on only caring about their needs. That said, we see a new model emerge where investors, employees and customers are more and more mixed together.
A crypto company will issue a token and airdrop it to its users. Employees are given more and more equity. Founders remain more and more in control of their company. Such power dynamics have tremendous potential, by aligning the incentives of the 3 parties, they will increase a lot how much people care. This will greatly decrease the time it takes us to make great products.
That said, today people can only contribute to projects as investors, not as operators. They have no way to help out with the operations of their favorite products and earn for it. That's what we're aiming for with Narcissa.
What we should aim for
- community-driven products: We believe that community driven products have the potential to always outperform their competition. Not because decentralization is intrinsically great, or because communism turns out not to be wrong, but because great products are products that people love. They want to use them all day. The best way to make products people love is to be incredibly customer centric. To always make the product better in the direction that serves the users. But DAOs today are skeuomorphic, they still break themselves in teams, they just try to be flatter and mostly use Discord. We believe no DAO has truly reached the full potential of the paradigm shift yet. Software is going to make that possible, software that replace the need for management and wasteful interpersonal coordination. And when that software is built, the speed of iteration towards making great products will be greatly improved.
- productivity-based earnings: blockchains are software around value. We can make everything more data-driven and efficient. It is possible to measure the impact the work of somebody had, and retro-actively reward them for it. We can write software to do that, and this will make us all much more productive.
- open licenses: The main reason proprietary technology exists is so that the investors, builders and distributors can have money for their work. Beyond this, it is very non-efficient. Ideally we would want everybody to work on the same big projects, forking them at will and earning tokens for that. When that software or technology is used in a commercial endeavor, we run a static analysis of the code and reward the builders with a share. Open access is not free access, and that would make it possible for open source to truly scale, and the lives of open source developers to not be miserable.
- permission-less employment: We want every company to be open to contributions from their users. When you contribute, you should get paid, not based on your race, location or seniority, but based on the usefulness of your work.
Last modified 22d ago
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