Week in Review

Money 2.0 Stuff: Funding base layer public blockchains is hard

Quick Take

  • Funding public base layer blockchains poses many trade-offs between governance and sustainability
  • This week saw some significant developments with proposals from the Ethereum community for inflation-driven developer funding and Jack Dorsey calling for Square support of Bitcoin developers
  • Savvy crypto-native investors are looking for distressed opportunities in the cryptocurrency bear market

Money Don’t Grow On Trees

Two major developments this week hit on concerns vexing cryptocurrency designers since the beginning: what are sustainable ways to fund public blockchains? The conversation was advanced in part by ERC 1789, a proposal from Gitcoin co-founder Kevin Owocki to fund Ethereum development directly through inflation funding.