ENS just airdropped 1.55B$ to their code contributors, early adopters and community members.

Can this (tradeable governance tokens) be a solution for FOSS project sustainance?

@nilesh crypto is generally a really bad idea, especially as a "price" for developers, most of thems are either scams or they are resource wasting as pure heck..

@sotolf How are (good) crypto projects - like Brave, Filecoin, ENS - any different from startups offering equity to their investors? It seems like crypto is the only place where alternative funding models for public goods are being experimented upon.

@nilesh Startups are very often scams as well, so much of this is just a layer of promises built upon promises of hopes of something being possible, crypto is still a solution looking for a problem.

@sotolf This is bit too cynical for me. Most of digital products that people are using these days - are those built by startups, not altruist developers.

@nilesh So, which problems does crypto solve in a better way? I have asked many many people this, and never got a good answer.

@sotolf

- Support development of a web browser that's not owned/funded by Google/Apple (Brave)

- A cheaper marketplace for stoarge (FileCoin is 1/5th the cost of AWS)

- Domain name registries that cannot be censored by ICANN (ENS)

@nilesh Regarding your first point, according to a quick google search brave has quite bit of venture funding, it's not funded by their scam crypto coin, but by big venture funds..

crunchbase.com/organization/br

The second is a niche thing with questionable scaling

While I see no reason why the last one couldn't just be a normal database.

@sotolf Why are those VCs funding Brave in the first place? The revenue model of Brave is centered around Brave Attention Token. I don't like the fact that it is still adtech, but one has to agree this is at least an alternative to Google/Apple browser duopoly and more secure, user-centered than Firefox which is too dependent on Google and therefore, makes user-hostile choices.

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@nilesh Brave is just a chrome clone, so it's a bad example, it's playing into google's chokehold of the net nothing else. I see no place that shows any real revenue from BAT, it's basically just a ploy to get money from venture funds.

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