We the People

The Power of the Community on a Decentralized World

Maria T. Vidal
Aug 29, 2017 · 2 min read

We all share the same attitude towards how we envision the society we want. But for some Founders, Decentralization is just a concept, a good one, to take advance or profits of it. How many times have we heard rants about how greedy are some projects? Or the typical comment left on a channel “You don´t need to raise that amount”.

The whole wave of ICO experiments, with their failures and successes, sometimes Epic failures, has made us a more educated and less timid community. We ask. We demand. We inquire. Moreover, we expect a response.

Teams often do not realize that we are not expecting a perfect answer. We just want to understand, in real time, what we are not getting about their projects. Then we have the “Bancor Effect”, that´s the worst experience ever. It happens when the Team leave the Community behind underestimating how important is The Power of the Community on a Decentralized World.

What We appreciate

I remember the first time I went over REX a couple of months ago. It was a great model but so many things missing.

After a LOT of interaction with the Team, especially Stephen King, I was definitely engaged. As I still am. I can mention other Teams with the same approach: Proof, District0X. The list goes on. But there is a special mention to the GODZILLION Team. I was impressed with their last announcement.

I recommend you take a read on this Announcement. I find amazing when a Team go over all their financial model because they understand that we are all together building a great project and not a bag of ETH. The first paragraph reads:

“The most valuable asset we have is the Community. We have listened to every response and taken into account all feedback from you, and we are glad to announce a revised financial structure for the benefit of all of us.”

And that´s when I say, We the People. The Power of the Community on a Decentralized World is explained there. On that Announcement.

Thanks to Cristobal Pereira, Rodrigo Sainz at GODZILLION.

Thanks to Malthus John for sharing your insights.

)

Maria T. Vidal

Written by

Blockchain believer. Global Real Estate. Catalyst and Communications at LegalBlock. Former Communications at kleros. @MariaTvidal on Twitter

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade