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RE: Trace Mayer Is Now On Steemit!

in #bitcoin8 years ago

Great to see you here Trace.

By the way there are some academics now writing about blockchain powered decentralized organizations (not necessarily DAOs but can be) as an institutional technology that can positively shift total factor productivity shifting beyond what centralized, hierarchical organizations can accommodate.

Have you come across others (non-academics) especially in the VC space discussing this? And in general what are you thoughts on this?

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I'm a VC and I'm thinking deeply about this.

It's potentially very disruptive to our business if rather than raising several rounds of investment, developers can issue their own token on a blockchain and open up to anyone. There's a bunch of reasons this makes sense for both entrerpeneurs and end-users and I'm thinking a lot about what the role of a VC is as this is changing.

I have come across some in the VC space but it has all just been ethereal concepts so far. I think asymmetric cryptography used via applied financial cryptography has the potential to completely change the way society organizes. And I have been saying that for years.

I wonder if Steemit will play a role in this regard? I need to do more research and perhaps write an article about it.