Rohit MalekarBlockchain for Public Goods - A Prequel to the Book Greenpilled
IntroductionI wrote this article an attempt for a prequel to the book Greenpilled. The book by Kevin Owocki is “designed to teach the ethos & game theoretic concepts behind regenerative cryptoeconomics to the next generation of dreamers, builders, and internet citizens”. If you are new to Web3 and Crypto, I hope this article serves as a stepping stone to then deep dive into the vision Greenpilled has to offer to sustain and thrive our public goods.What is broken?Our public goods are withering...
Rohit MalekarThe Power of "Politics of Artifacts" for Public Goods in Web3
Prof. Winner's 1980 paper "Do artifacts have politics?" asserts that tech artifacts are not neutral but reinforce certain values, interests, and power relations in society. The paper outlines several examples to drive the point home.Tech is not neutralBridges over parkways on Long Island were once constructed with low clearance to intentionally prevent racial minorities and low-income groups who used public transport from accessing parkways for recreation and commuting. Many grotesque co...
Rohit MalekarCurve Bonded Crowdfunding with Impact DAOs
NEED: What is the problem to be solved?Transforming siloed strengths into repeatable success for Impact DAOsContext:Impact DAOs are communities with positive externalities rooted in collective action for a shared cause³. They amplify their impact by stacking on each other and derive compounding effects from the mutual collaboration to build a regenerative economy.Challenge:While no two Impact DAOs are the same, their shared DNA leads to similar organizational challenges such as:finding value-...
Building a digital studio. Learning public goods. Trusted Seed member at Commons Stack.
Rohit MalekarBlockchain for Public Goods - A Prequel to the Book Greenpilled
IntroductionI wrote this article an attempt for a prequel to the book Greenpilled. The book by Kevin Owocki is “designed to teach the ethos & game theoretic concepts behind regenerative cryptoeconomics to the next generation of dreamers, builders, and internet citizens”. If you are new to Web3 and Crypto, I hope this article serves as a stepping stone to then deep dive into the vision Greenpilled has to offer to sustain and thrive our public goods.What is broken?Our public goods are withering...
Rohit MalekarThe Power of "Politics of Artifacts" for Public Goods in Web3
Prof. Winner's 1980 paper "Do artifacts have politics?" asserts that tech artifacts are not neutral but reinforce certain values, interests, and power relations in society. The paper outlines several examples to drive the point home.Tech is not neutralBridges over parkways on Long Island were once constructed with low clearance to intentionally prevent racial minorities and low-income groups who used public transport from accessing parkways for recreation and commuting. Many grotesque co...
Rohit MalekarCurve Bonded Crowdfunding with Impact DAOs
NEED: What is the problem to be solved?Transforming siloed strengths into repeatable success for Impact DAOsContext:Impact DAOs are communities with positive externalities rooted in collective action for a shared cause³. They amplify their impact by stacking on each other and derive compounding effects from the mutual collaboration to build a regenerative economy.Challenge:While no two Impact DAOs are the same, their shared DNA leads to similar organizational challenges such as:finding value-...
Building a digital studio. Learning public goods. Trusted Seed member at Commons Stack.
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Possibly for the first time in the history of humankind, a group of individuals with a shared interest have the collective power to transparently institutionalize and autonomously operate a mission irrespective of where they pay their taxes or what they do for a living. The theoretical potential of Web3, however, hinges on having interoperable digital rails and the lego blocks to facilitate this transformation in ways that are resilient and sustainable. In this article, we will review the Gitcoin community’s role in persistently pushing for progress to solve high quality problems to enable this transformation.
Our public goods are withering. The infrastructure needed for communities to thrive faces systemic apathy from those who grab power and consistent disinterest from those who have extracted wealth off it.
With the current systems, we keep losing the game over and over again.
The current political landscape, welfare structures, financial systems, and philanthropic initiatives have not been able to create a prominent Schelling point or a focal point of convergence to overcome the failures in coordination.
Now that we have technical affordances to embed transparency and automation with greater finesse, what do we do about it?
“With programable money, we can program our values into our money” (Greenpilled).
Web3 allows the ability to program our values into our money. Blockchain can codify incentive design that encourages action towards socially beneficial outcomes at scale. These incentives drive collective action to overcome common failures of coordination. The atomic unit of this transformation is an Impact DAO — a collective action that has a net positive impact on building and sustaining public goods. Related Impact DAOs stack over each other to replace existing centers of power and build transparent systems of tomorrow.
The digital infrastructure, protocols, and tools for building the transparency-first social and industrial institutions of tomorrow do not exist today in their entirety. Here are three examples of how Gitcoin is enabling the creation of public goods that will interlock and compound the momentum for a fair future.
Bounties and hackathons — Building with and for the community From nocode hackathons for non-technical contributors to targeted design and engineering bounties to incubate and scale open source software, Gitcoin started by mapping communities with contributors for their key needs. Mapping the demand with the supply for a composable open source ecosystem has accelerated the availability of products and differentiated experiences for all.
Grants — Community-driven funding coordination Quadratic funding captures the preferences of the community and also measures the strength of their conviction to invest in priorities they care the most about. Across multiple rounds of grants, Gitcoin has enabled voices at the edges to show their support for an ever-growing spectrum of topics that need investments.
Grants Protocol and Gitcoin Passport — From products to protocols The grants protocol amplifies the impact of quadratic funding by enabling any community to have the same set of tools as Gitcoin to self-govern and transparently distribute funds by matching community preferences. Gitcoin Passport is a similar modular tool available to any project where establishing the identity of a member is critical for its legitimacy.
The heaviest spins of the flywheel for Gitcoin are barely complete. Yet, there are exciting possibilities for how this work might lead to an inclusive and transparent future. Can an HR department of a Web2 company utilize grants protocol to determine how to spend the wellness budget? Can a decentralized social network protocol integrate with Gitcoin Passport to provide uniqueness of digital user accounts without compromising user privacy?
As digital public goods stack upon each other to build momentum, the largest impact by the Gitcoin community is in elevating the quality of problems we can dream of solving.
Since May 2021, the platform is governed by Gitcoin DAO — you can learn more about it here.
Possibly for the first time in the history of humankind, a group of individuals with a shared interest have the collective power to transparently institutionalize and autonomously operate a mission irrespective of where they pay their taxes or what they do for a living. The theoretical potential of Web3, however, hinges on having interoperable digital rails and the lego blocks to facilitate this transformation in ways that are resilient and sustainable. In this article, we will review the Gitcoin community’s role in persistently pushing for progress to solve high quality problems to enable this transformation.
Our public goods are withering. The infrastructure needed for communities to thrive faces systemic apathy from those who grab power and consistent disinterest from those who have extracted wealth off it.
With the current systems, we keep losing the game over and over again.
The current political landscape, welfare structures, financial systems, and philanthropic initiatives have not been able to create a prominent Schelling point or a focal point of convergence to overcome the failures in coordination.
Now that we have technical affordances to embed transparency and automation with greater finesse, what do we do about it?
“With programable money, we can program our values into our money” (Greenpilled).
Web3 allows the ability to program our values into our money. Blockchain can codify incentive design that encourages action towards socially beneficial outcomes at scale. These incentives drive collective action to overcome common failures of coordination. The atomic unit of this transformation is an Impact DAO — a collective action that has a net positive impact on building and sustaining public goods. Related Impact DAOs stack over each other to replace existing centers of power and build transparent systems of tomorrow.
The digital infrastructure, protocols, and tools for building the transparency-first social and industrial institutions of tomorrow do not exist today in their entirety. Here are three examples of how Gitcoin is enabling the creation of public goods that will interlock and compound the momentum for a fair future.
Bounties and hackathons — Building with and for the community From nocode hackathons for non-technical contributors to targeted design and engineering bounties to incubate and scale open source software, Gitcoin started by mapping communities with contributors for their key needs. Mapping the demand with the supply for a composable open source ecosystem has accelerated the availability of products and differentiated experiences for all.
Grants — Community-driven funding coordination Quadratic funding captures the preferences of the community and also measures the strength of their conviction to invest in priorities they care the most about. Across multiple rounds of grants, Gitcoin has enabled voices at the edges to show their support for an ever-growing spectrum of topics that need investments.
Grants Protocol and Gitcoin Passport — From products to protocols The grants protocol amplifies the impact of quadratic funding by enabling any community to have the same set of tools as Gitcoin to self-govern and transparently distribute funds by matching community preferences. Gitcoin Passport is a similar modular tool available to any project where establishing the identity of a member is critical for its legitimacy.
The heaviest spins of the flywheel for Gitcoin are barely complete. Yet, there are exciting possibilities for how this work might lead to an inclusive and transparent future. Can an HR department of a Web2 company utilize grants protocol to determine how to spend the wellness budget? Can a decentralized social network protocol integrate with Gitcoin Passport to provide uniqueness of digital user accounts without compromising user privacy?
As digital public goods stack upon each other to build momentum, the largest impact by the Gitcoin community is in elevating the quality of problems we can dream of solving.
Since May 2021, the platform is governed by Gitcoin DAO — you can learn more about it here.
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