Mastodon Feed: Post

Reblogged by cstanhope@social.coop ("Your friendly 'net denizen"):

molly0xfff@hachyderm.io ("Molly White") wrote:

Kickstarter's bizarre blockchain announcement in December 2021 makes so much more sense now that we know Andreessen Horowitz secretly promised them $100 million to pivot to a blockchain-based product built on the also-a16z-backed Celo blockchain.

At the time, I wondered why COO Sean Leow was so insistent on the move despite being apparently very confused about the whole concept.

https://fortune.com/crypto/2024/03/11/kickstarter-blockchain-a16z-crypto-secret-investment-chris-dixon/
(archive: https://web.archive.org/web/20240311124253/https://fortune.com/crypto/2024/03/11/kickstarter-blockchain-a16z-crypto-secret-investment-chris-dixon/)

#AndreessenHorowitz #crypto #blockchain #kickstarter

Attachments:

• Kickstarter's COO, Sean Leow, did an interview with The Beat to discuss the announcement. He seemed to be a little bit confused on the whole concept throughout, and seemed to believe that "open source" is some sort of competing idea to blockchains. At one point he stated, "We believe that that data can be structured in a way through a blockchain where it ... can move in a much more efficient and effective way between services ... in a way that open source doesn't allow". Later in the interview he spoke about governance, saying, "our understanding is that [governance] is done more effectively with blockchain then with open-source." (remote)