How Soulbound Tokens Could Reduce Speculation and Improve DAO Voting - Ep. 360
Glen Weyl, RadicalxChange Foundation founder and political economist & social technologist at Microsoft Special Projects, and Puja Ohlhaver, strategist at Flashbots, discuss “soulbound tokens” and their implications for collaboration and social organization in a variety of spaces. Topics covered include: how Glen got involved in crypto, wrote a book, and came to co-write a paper with Vitalik Buterin how Puja studied economics and got in touch with Glen in pursuit of a middle ground between left and right politics what soulbound NFTs are and how they work how Vitalik’s paper articulated how the concept of the soulbound token could advance decentralized collaboration in web3 how decentralized reputation can enable larger networks of coordination how identity can be understood through the lens of community participation how the name ‘soulbound token’ came about how these tokens could provide a technology for those who value scarcity but disdain speculation how identity-dedicated tokens could work on a technical level (including recovery) what is DeSoc and why is it important? how non-transferable tokens can improve DAO organization, including resolving issues with quadratic funding how identity-locked tokens can be protected from bots and AI abuse how these tokens could support community privacy and responsible information disclosure Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Beefy Finance: https://beefy.finance/ Related Reading Decentralized Society: Finding Web3’s Soul (Weyl, Ohlhaver, and Buterin; 2022) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4105763 Georg Simmel, German neo-Kantian who laid groundwork for antipositivism https://en.wikipedia.org/wiki/Georg_Simmel How Blockchains Can Help Create Little Democracies Everywhere https://unchainedpodcast.com/how-blockchains-can-help-create-little-democracies-everywhere/ Soulbound Tokens Vitalik on Soulbound tokens https://vitalik.ca/general/2022/01/26/soulbound.html TL;DR written by Glen https://www.coindesk.com/layer2/2022/05/11/after-defi-desoc-finding-web-3s-soul/ Other write-ups https://nftnow.com/guides/soulbound-tokens-sbts-meet-the-tokens-that-may-change-your-life/ https://www.radicalxchange.org/concepts/soulbound-tokens/ https://fortune.com/2022/05/26/what-are-soulbound-tokens-web3-buterin/ https://thedefiant.io/vitalik-soulbound-tokens/ Projects Mentioned Ceramic https://ceramic.network/ Verifiable Credentials Data Model (w3) https://www.w3.org/TR/vc-data-model/#abstract Optimism https://optimism.io/ Gitcoin https://gitcoin.co/ Glen Weyl Personal Website https://glenweyl.com/ Twitter (@glenweyl) https://twitter.com/glenweyl/ Puja Ohlhaver LinkedIn https://www.linkedin.com/in/puja-ohlhaver-b44b878 Twitter https://mobile.twitter.com/pujaohlhaver Learn more about your ad choices. Visit megaphone.fm/adchoices