There are so many possibilities with DeFI and DAOs.
In this video I go through a few ideas about how content creators' standing (reuptuation) along with collateral can be leveraged to fund different projects they might have. This is a completely different scenarion compared to what we see in the established world.
▶️ 3Speak
Wow, this is indeed a good work keep it up and I guess something should be done about this crypto new world @taskmaster4450
agree if I look back some years also we as people didn't have that much option in jobs or investment because of crypto now it's like we are open to the whole new world.
DeFi present us with a way to innovate and get creative with financing.
There is a lot that can be done.
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I think, despite what we have reached, content makers in the crypto world have not achieved their rights, such as the owners of live broadcasts of games on Twitch, content makers on YouTube and blogs, we still have a lot to do.
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It is still early on, no question about it. We will have to see what else unfolds over the next couple years.
Web 2.0 is still very powerful.
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I really really strongly think DAOs will revolutionize the education industry and I 100% absolutely love your ideas about Decentralized autonomous organizations and how utterly revolutionary they really are. DAOs are such an abstract thought currently, but such a wild one. There might be some person with a brilliant idea out there, but with blockchain/DLT we have a new form of novel-hive-intelligence emerging. When 100 to 1000s of people have slivers ideas all contributing to a whole, you have a new emergent form of human hive intelligence forming. I use the term hive not as the blockchain but as hive/swarm intelligence...but at the same time...I do mean the HIVE blockchain. That is what HIVE seeks to do.
The idea of DAOs seem to be bursting and ready to explode into the general mainstream gestalt if there was some sort of pushed localization. DeFi seems to be the hardened layer of proof that one can undertake as collateral. For whatever reason, again, my brain thinks of education. Possibly an emergent form of decentralized finance merged with Decentralized Autonomous Organizations and the need for educated participants. Could DeFi fill such a roll as the Educational Financial system?
Talking about tokenized economies can get heady and abstract. I imagine DAOs as a form of bridge between smart contract and code abstraction to the real world of human interactivity. People work in quasi-decentralized environments by nature, usually through a form of corporate/government/military hierarchal structure. It isn't farfetched to say DAOs could overtake many of those sectors, for better or worse.
Ultimately time will tell. Thank you for the video!
DeFi was basically an abstract concept in 2019 and look at it today. We know how quickly things can change with all the different developers around the world.
DAOs are going to do something similar. Perhaps they are the breakthrough innovation of 2022 (2023 the latest).
I will check out your post on the education DAO. I missed that one.
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I think it’s a very interesting point that’s made regarding reputation vs standing.
Let’s say some idiot rolls in that no one really has a problem with but isn’t someone you’d trust your money to. That person, in the traditional system is more or less shut out of opportunity in the current environment.
However, he turns out to be and idiot savant (apologies for the archaic terminology) and actually is capable of wondrous things… maybe… on a really good day… when the stars are properly aligned… you get the point… and doesn’t have to rely on popularity to get funding for whatever bubbles out of his special mind.
I guess I’m trying to say I think DAOs aren’t just venues for content creators, they’re avenues that were previously closed off to foot traffic that lead to superhighways anyone can travel by any means they have available.
I have a strong belief, mostly thanks to your tutelage, that if any one thing can be pointed to as the thing that changes everything it would have to be the DAO.
I still haven’t heard an extrapolation that envisions a future that can fully portray the level of impact these will have. I’m so fucking stoked to watch this unfold.
Summary:
In this video, the speaker discusses how decentralized finance (DeFi) is revolutionizing funding and development opportunities for content creators and innovators. He explains how collateralization and Decentralized Autonomous Organizations (DAOs) can create a new genre of funding and content creation. The speaker uses the example of a content creator in a community where content is rewarded in tokens, illustrating how they can token collateralize a loan through DAOs. He emphasizes the importance of standing in the community rather than a traditional credit score, highlighting how DAOs can fund projects based on an individual's interaction and reputation within the community. The speaker explores the potential for lending platforms and DAOs to provide funding for projects, using examples like Blocktrade to demonstrate how individuals with a strong standing in the community can access loans without traditional financial institutions. The episode concludes by discussing the intricacies of how DAOs operate and the possibilities they unlock for content creators in Web 3.0.
Detailed Article:
The speaker delves into the transformative power of DeFi in the realm of content creation and innovation, focusing on the role of collateralization and DAOs. He highlights the conventional approach where individuals start projects as side hustles funded by family and friends. The narrative shifts towards the inefficiencies in this traditional system, such as the need to return to part-time jobs due to financial constraints and the common occurrence of projects failing. Here, the speaker introduces the concept of DeFi as a solution to these challenges.
By discussing how a content creator in a community obtaining token rewards can leverage these tokens to collateralize a loan through a DAO, the speaker illustrates a new funding mechanism that bypasses traditional sources. He emphasizes the importance of standing within the community as a credible indicator of an individual's trustworthiness and skills, compared to a traditional credit score. This community standing serves as collateral for loans within the DAO ecosystem, enabling continuous funding for projects without the involvement of banks or insurance companies.
Further, the speaker introduces the idea of extending this funding model to renowned community members like Blocktrade, showcasing how their standing can facilitate easy access to loans for new projects. By proposing lending platforms for individuals with established reputations and leveraging reputation as collateral, the speaker envisions a system where content creators can secure funding based on their community influence and track record.
The episode concludes with the speaker highlighting the autonomous nature of DAOs, emphasizing their potential for disrupting traditional finance and enabling innovative funding opportunities for content creators. By underlining the evolving landscape of Web 3.0 and the tokenization of content, the speaker underscores the transformative potential of DeFi in empowering creators to leverage their content value and community standing for financial opportunities. The episode encourages contemplation on the utilization of reputation as collateral, hinting at the expansive possibilities this new funding paradigm could unlock for content creators in the decentralized finance space.