CSX: Week 1 Notes
We’re participating in a16z Crypto’s CSX in London. I’ll use this newsletter to share notes, links, and lessons from the program. Here are my notes f...
Launchcaster + Orange DAO
I’m excited to announce that Launchcaster has been acquired by Orange DAO. We launched Launchcaster two years ago because we didn’t have a great place to share and discover crypto projects with a community that cared. Since then, our side project has evolved into a public good, fostering thousands of launches and attracting over 15,000 crypto builders. We wanted to find a long-term home for Launchcaster where it could grow and continue as a public good for crypto builders without needing to t...
Drink Tap Water
The story of the TBPN on TBA
CSX: Week 1 Notes
We’re participating in a16z Crypto’s CSX in London. I’ll use this newsletter to share notes, links, and lessons from the program. Here are my notes f...
Launchcaster + Orange DAO
I’m excited to announce that Launchcaster has been acquired by Orange DAO. We launched Launchcaster two years ago because we didn’t have a great place to share and discover crypto projects with a community that cared. Since then, our side project has evolved into a public good, fostering thousands of launches and attracting over 15,000 crypto builders. We wanted to find a long-term home for Launchcaster where it could grow and continue as a public good for crypto builders without needing to t...
Drink Tap Water
The story of the TBPN on TBA
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>700 subscribers
Share Dialog
Share Dialog
In Web3, I prefer the concept of "skin in the game" over "ownership."
It's clearer and better communicates the value you get and the outcome of web3 rather than input (owning assets), and it's something most people want. It says what your life is like when you don't have it without having to explicitly say it — "You can't win."
I grew up both online and in rural America. Owning the networks I use makes so much sense because I grew up creating and consuming on the internet. But I know that if I tell any regular consumer from Cleveland, Detroit, Pittsburgh, or Indianapolis that they can "own the internet," they will look at me like this. If I ask them, "Do you want skin in the game?" on the platforms where they create value, I know they will respond — "Well, yeah."
Inspired by the /skininthegame channel on Farcaster.
In Web3, I prefer the concept of "skin in the game" over "ownership."
It's clearer and better communicates the value you get and the outcome of web3 rather than input (owning assets), and it's something most people want. It says what your life is like when you don't have it without having to explicitly say it — "You can't win."
I grew up both online and in rural America. Owning the networks I use makes so much sense because I grew up creating and consuming on the internet. But I know that if I tell any regular consumer from Cleveland, Detroit, Pittsburgh, or Indianapolis that they can "own the internet," they will look at me like this. If I ask them, "Do you want skin in the game?" on the platforms where they create value, I know they will respond — "Well, yeah."
Inspired by the /skininthegame channel on Farcaster.
6 comments
I enjoy hanging out in this channel because I prefer the concept and vision of skin in the game over ownership · It's clearer to normal users · It communicates the outcome · It's something that everybody wants · It says what life is like without it: "You can't win" https://paragraph.xyz/@jayme/skin-in-the-game
based
can you elaborate on the difference? can you have skin in the game without ownership in crypto?
i see ownership as an input to having skin in the game example: i have skin in the game on farcaster because i own a fid, cast daily, have followers, have built and building numerous projects on farcaster
i see it as a spectrum but not sure you can really have skin in the game without something onchain
I’m split brained reading this, because when I talk about ownership, I talk about taking responsibility for what I’m doing, for my mistakes, and for my successes. Skin in the game kind of implies this, but at the same time, it doesn’t. But I think you’re using ownership as having control of something instead.