Reddit’s CEO, Yishan Wong (formerly of Facebook) is doing the right thing. He’s planning to make Reddit’s users into owners, depending on their contribution to the site. There’s a way to create a form of liquid ownership that doesn’t require Wall Street. This new method is based on the bitcoin blockchain. That technology makes it possible to issue ownership to contributors in a decentralized and trusted way. The combination of blockchain stock, Yishan’s example, and the experience of participants will set in motion a wave of change in Silicon Valley. The message is: if you want to build an online company, you better find a way to make your customers/contributors owners.*
This entry was posted on Thursday, October 9th, 2014 at 10:40 am and is filed under Cognitive Capitalism, Commons, P2P Company Watch, Peer Property. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.