• About
  • FAQ
  • Contact Us
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
No Result
View All Result
Crypto News
No Result
View All Result
Home Analysis

Stop Using 20th Century Words for 21st Century Tech, Says Gitcoin Founder Kevin Owocki

admin by admin
April 25, 2025
in Analysis
0
Stop Using 20th Century Words for 21st Century Tech, Says Gitcoin Founder Kevin Owocki
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter



A tongue-in-cheek post from Ethereum co-founder Vitalik Buterin—“Make Communism Great Again”—sparked a deeper debate on social media: What political ideology, if any, should guide Web3?

For Gitcoin and Allo.Capital co-founder Kevin Owocki, the answer is simple—none of them.

Related articles

Bitcoin Trading Volume Soars as Price Pumps to New Heights

Bitcoin Trading Volume Soars as Price Pumps to New Heights

May 22, 2025
Ethereum’s ‘Ember Sword’ Is the Latest in a Growing Wave of Crypto Game Shutdowns

Ethereum’s ‘Ember Sword’ Is the Latest in a Growing Wave of Crypto Game Shutdowns

May 22, 2025

A community note on X pointed to a post from April 1, 2024, in which Buterin said, “Degen communism: the only correct political ideology,” linking to a blog post.

Even though it was written on April Fool’s Day, despite the timing, Buterin’s post sparked real conversation about which political ideologies fit the blockchain space.

“We should stop using 20th-century words to talk about 21st-century technology,” Owocki told Decrypt at ETH Denver in February.

Owocki emphasized that the emergence of blockchain and artificial intelligence has created a new design space for governance, one far more dynamic than the ideological frameworks of the past.

“In the past, it was, ‘Is this socialism, communism, or capitalism?’” he said. “In the future, there’s going to be infinitely more design space because of crypto and AI than ever before.”

To illustrate the scale of what’s possible, Owocki turned to video games.

“I’ve been playing a lot of Zelda recently, and there’s this moment where you get the map, where it goes from seeing just a little to seeing the whole world,” he said. “That’s what AI and crypto are doing for our governance structures. So, let’s not fight over this little patch of 20th-century land. Let’s explore the great frontiers of DAO design. We just found the map. We just have to follow it.”

Owocki’s point goes beyond semantics. For him, leaving behind 20th-century language also means leaving behind 20th-century governance models.

A case for DAOs

That’s where DAOs—decentralized autonomous organizations—come in. Instead of fitting crypto into old political ideologies, he sees DAOs as a blank canvas for entirely new systems of coordination, decision-making, and power-sharing.

But even as DAOs promise a fresh start, they’re not immune to the same old power dynamics. Owocki warns that without thoughtful design, decentralized systems can still fall victim to cabals—tight-knit groups that coordinate to take control, much like the political cliques Web3 aims to leave behind.

To counter this, Owocki pointed to a mechanism called “cluster matching” that discourages coordinated voting blocs by algorithmically detecting and dampening their influence.

“If Rena and I always vote together, the algorithm flags us as a cabal and dampens our votes,” he said. “If two people who usually vote differently back the same proposal, the system gives it more weight, because it sees cooperation across social distance.”

For Owocki, innovations like this represent more than technical tweaks—they’re early signs of a new democratic infrastructure emerging from within crypto.

“Let’s not fade the DAO space because of past problems,” he said. “Let’s lean into what’s possible now.”

Wishful thinking

Still, not everyone shares the idealistic vision often attached to decentralized governance.

Allo.Capital co-founder and Gitcoin Executive Director Rena O’Brien took aim at what she sees as wishful thinking about fairness and equality in Web3 communities and the shadowy behavior that undermines those ideals.

“This idea of one token, one vote, or that we’re all created equal, and the shadow cabals? It’s dumb,” she said. “It’s 2025. Woman up. Let’s stop talking about political ideologies. There’s shipping to be done.”

For O’Brien, the problem isn’t just theoretical—it’s practical, pointing to Ethereum’s adoption struggles as a symptom of deeper gaps in the ecosystem.

“Once we figure out how to fix those issues, we can move into the infighting,” she said. “Our tools are broken. We can’t decide if we’re building at the app or protocol layers, or where the actual value lies.”

Owocki agreed that the space is still early, but urged critics to take a longer view. He likened today’s DAOs to corporations in their infancy.

“LLCs are 60 years old. Corporations are 300. When DAOs are 50, they’re going to be good,” he said.

Edited by Sebastian Sinclair

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



#Stop #20th #Century #Words #21st #Century #Tech #Gitcoin #Founder #Kevin #Owocki

Tags: 100 has lost 12 and bitcoin20th21st400 with cryptobecause of crypto and aibinance joao wedson ceo ofCenturycompetitor bnb chain solana s topcrypto com s nativecrypto native platforms p pdifferently back the same proposalethereum and solana lost 38filed its s 1 withforms organising consists of gathering peoplefounderGitcoinKevinlawsuits while google has sufferedlinked to 35m in global lossesmanaged portfolios tickets to exclusive eventsof crypto and ai than everOwockip p over 170 000 bitcoinreflects bitcoin s share ofStopstop usingtechtether and dai especially when youthey are here to accomplish heto 11 million solana worth 1weight 400 btcc iswho attacked hoping they had somethingWords
Share76Tweet47

Related Posts

Bitcoin Trading Volume Soars as Price Pumps to New Heights

Bitcoin Trading Volume Soars as Price Pumps to New Heights

by admin
May 22, 2025
0

In brief Bitcoin futures trading volume on Wednesday jumped to over $203 billion, third-most so far in 2025. Spot trading...

Ethereum’s ‘Ember Sword’ Is the Latest in a Growing Wave of Crypto Game Shutdowns

Ethereum’s ‘Ember Sword’ Is the Latest in a Growing Wave of Crypto Game Shutdowns

by admin
May 22, 2025
0

In brief Ethereum-based game Ember Sword generated $203 million in metaverse land sales in 2021. Four years later, the game...

CFTC Signals Crypto Perps Could Trade in US as Commissioners Head for the Exits

CFTC Signals Crypto Perps Could Trade in US as Commissioners Head for the Exits

by admin
May 22, 2025
0

In brief CFTC Commissioner Summer Mersinger said Thursday crypto perpetual futures could come to market in the U.S. "very soon."...

Myriad Moves: Bitcoin Price Predictions and Eyes on Coinbase Hack Bounty Prize

Myriad Moves: Bitcoin Price Predictions and Eyes on Coinbase Hack Bounty Prize

by admin
May 22, 2025
0

In brief Bitcoin just marked a new all-time high, but Myriad users are now betting whether it'll top $115K by...

Myriad Moves: Bitcoin Price Predictions and Eyes on Coinbase Hack Bounty Prize

Myriad Moves: Bitcoin Price Predictions and Eyes on Coinbase Hack Bounty Prize

by admin
May 22, 2025
0

In brief Bitcoin just marked a new all-time high, but Myriad users are now betting whether it'll top $115K by...

Load More
  • Trending
  • Comments
  • Latest
Bitcoin and Ethereum Stuck in Range, DOGE and XRP Gain

Bitcoin and Ethereum Stuck in Range, DOGE and XRP Gain

April 25, 2025
Saylor says Warren Buffett’s Berkshire Hathaway is Bitcoin of 20th century – Deep Insight

Saylor says Warren Buffett’s Berkshire Hathaway is Bitcoin of 20th century – Deep Insight

May 7, 2025
Amazon CEO on Crypto and NFTs, EPNS to Expand Beyond Ethereum + More News

Amazon CEO on Crypto and NFTs, EPNS to Expand Beyond Ethereum + More News

April 25, 2025
Why DeFi agents need a private brain

Why DeFi agents need a private brain

May 4, 2025
US Commodities Regulator Beefs Up Bitcoin Futures Review

US Commodities Regulator Beefs Up Bitcoin Futures Review

0
Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0
India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0
Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: 5.55

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
XRP price fails to respond to two extremely bullish developments — Here is why

XRP price fails to respond to two extremely bullish developments — Here is why

May 23, 2025
Turnkey Announces TRON Policy Engine, Providing Support for Enterprise Payment Solutions

Turnkey Announces TRON Policy Engine, Providing Support for Enterprise Payment Solutions

May 22, 2025
Bitcoin Trading Volume Soars as Price Pumps to New Heights

Bitcoin Trading Volume Soars as Price Pumps to New Heights

May 22, 2025
When AI, Blockchain and IP Collide

When AI, Blockchain and IP Collide

May 22, 2025
  • About
  • FAQ
  • Contact Us
Call us: +1 23456 JEG THEME

© 2025 Btc04.com

No Result
View All Result
  • Home
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
  • Contact Us

© 2025 Btc04.com