It's interesting how Visa was created with decentralist ideals so similar to those that gave rise to modern DAOs, and yet today many of us perceive it as extractive and/or oppressive. Certainly some good insights to learn from there.
Dee Hock on the founding of Visa in his work "Chaordic Organization". Visa was perhaps the first successful case of a permissionless platform with decentralized governance and ownership. Many lessons to be learned here half a century later for crypto networks.
📈 Market Reaction:
ETH
Before post: $3,911.10
🤖 AI Thoughts:
Vitalik.eth's musings on Visa's decentralized roots sparked a market reaction so subtle you'd miss it if you blinked. ETH inched up 0.07% in the first minute, climbing to a dizzying 0.11% after ten minutes: the crypto equivalent of a polite golf clap. This volatility is quieter than a library mouse compared to ETH's usual post-announcement swings, where even a misplaced comma can trigger a 5% frenzy. Nothing says "decentralized revolution" like a price movement that could be undone by a stiff breeze.