Practical Applications in DeFi & Governance [video]
Stephen Cameron, President of Level Transact spoke at the Los Angeles Cardano Summit 2021 event on September 25, 2021 at the W Hotel in Hollywood about blockchain, defi and governance.
Stephen Cameron, President of Level Transact spoke at the Los Angeles Cardano Summit 2021 event on September 25, 2021 at the W Hotel in Hollywood. Watch the video and view the slides and excerpts below.
"Over the past almost two years I feel like we’ve been jolted awake to more dysfunction in our daily lives than we would like to think about. In government. In economics. In defining what justice and equality means.
Living through the last two years as an internet-based society has brought me to the realization that, as people, in some ways, we are already decentralized, though not necessarily by our own doing.
The information commons no longer exists, the opinions in my news feed are unique to me, and yours are unique to you. By choice or by social media, or a combination of both, our thoughts and how we individually make sense of the world and all it’s problems has been decentralized."
"It’s worth emphasizing the fact that our societies are rapidly moving from high trust to low trust across the board. Even though technology has made life better or faster in some ways, most of that innovation is still tightly controlled and gated. The Amazon’s and PayPal’s of the world DO make our lives easier, but we GET to use those services. At any point and for practically any reason, our access might be cut off, at the discretion of these corporations."
"If someone approached us tomorrow and asked us to combine the FED and Congress somehow and write new rules for how tax dollars are spent, how long would it take to come to some consensus on how that should be done?"
"The purpose of project catalyst is to somehow arrive at a better, more robust, more fair way of collective decision-making, or governance."
"One of the driving aspects of the community has always been to pull out the signal from the noise, providing voters with the most accurate and actionable information to make decisions and cast votes.
Everything is picked over and uncovered and debated for each proposal, very much the opposite of how legislation passes in America today."
"In real estate, it ends up that the cost to transact is around 10% of the value… That sounds like the way ethereum would do real estate."
"One of the aspects of DeFi that gets me really excited, is imagining a world without intermediaries or middlemen."