This is something that is a huge advantage. We have to understand the value that is brought to the table by not being beholden to VC firms.
In this video I discuss some of the things that were done and how the new funding mechanism can come from the network effect.
▶️ 3Speak
I think VC is great, but the way it's mostly done is worse than cancer to a company. You need to have VC that is rotating, and brings connections to the game and consulting. It should be rather international and every single investor should be a minor holder.
Once again it's all about decentralization. That's why I hate the idea of ETH being so big, VC or not, they have some major stakeholders and that can fire back in a horrific way.
That is true about ETH especially how it is structured. The consensus mechanism of PoS is going to make those large stake holders even more powerful.
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That is an interesting way to say, it'll be broken at work but still very functional for now.
And to extend on that, there are downsides to DAO-based funding. It's directed toward an account that might be corrupted, could be cut due to market swings, the DAO might have technical weaknesses, and overall people might get burned.
Are VC funding and DAO funding even of the same nature? Do they make similar time, resources, and goalpost propositions?
Are VC funding and DAO funding even of the same nature?
At this point I would say no. They are not even in the same league, either in direction or scope. Obviously, VC money far outpaces DAO. But the reality is the DAO money is going to focus upon those who have a larger vested interest as opposed to VC who are after the money and that is all.
While it is not perfect, the DHF basically funds those who are dedicated to Hive.
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The DHF will fund whatever the main stakeholders see fit, could be anything, it is very political :) and I love that tbh. But we should call it what it is.
Don't you agree?
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Nice 👍
I think not being beholden to VC firms is nice, there are way too many things that do not really succeed. It reminds me of the Gofundme and how it utterly failed for the gaming community as it left a ton of broken promises.
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VC= vicious clowns ? :P (jk of course )
I remember going to a VC conference in London about 8 years ago and my general feeling out of it was that at that point they were trying avoiding crypto related topics, maybe they were afraid of it. Now that might have changed, but still VC funding has transformed as now there are so many other alternatives to fund your project using crypto. Look at Hive, the perfect place for any startup while being supported by amazing communities.
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