I love when venture capitalists claim their scam tech solutions are actually designed to help workers.
DAOs, like blockchain, are a solution in search of a problem they can be applied to and so its backers are constantly making pitches for how it can transform new areas of life.
DAOs, like blockchain, are a solution in search of a problem they can be applied to and so its backers are constantly making pitches for how it can transform new areas of life.
https://twitter.com/ljin18/status/1464994679468998661
The thread is funny because it gives a very brief overview of labor history, the decline of union membership (and responsibility of state policy and capital’s power), then some union criticisms before the solution: technology that ignores the politics but is vaguely empowering.
Yet we recently saw a concrete example of how the rhetoric around DAOs doesn’t reflect how it works in the real world with ConstitutionDAO, particularly that claims to escape centralization are a myth. vice.com/en/article/qjb…
Also one of the positive examples of DAO implementations she refers to is about getting more people into scammy, exploitative play-to-earn games? Like, come on. vice.com/en/article/3ab…
Personally, I think Li gets far too much credit for espousing bad ideas but framing them as though they’ll help the middle-class, “creators,” or now the labor movement.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
