How Soulbound Tokens Could Reduce Speculation and Improve DAO Voting - Ep. 360
Glen Weyl, RadicalxChange Foundation founder and political economist & social technologist at Microsoft Special Projects, and Puja Ohlhaver, strategist at Flashbots, discuss “soulbound tokens” and their implications for collaboration and social organization in a variety of spaces. Topics covered include:
- how Glen got involved in crypto, wrote a book, and came to co-write a paper with Vitalik Buterin
- how Puja studied economics and got in touch with Glen in pursuit of a middle ground between left and right politics
- what soulbound NFTs are and how they work
- how Vitalik’s paper articulated how the concept of the soulbound token could advance decentralized collaboration in web3
- how decentralized reputation can enable larger networks of coordination
- how identity can be understood through the lens of community participation
- how the name ‘soulbound token’ came about
- how these tokens could provide a technology for those who value scarcity but disdain speculation
- how identity-dedicated tokens could work on a technical level (including recovery)
- what is DeSoc and why is it important?
- how non-transferable tokens can improve DAO organization, including resolving issues with quadratic funding
- how identity-locked tokens can be protected from bots and AI abuse
- how these tokens could support community privacy and responsible information disclosure
Thank you to our sponsors!
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Related Reading
- Decentralized Society: Finding Web3’s Soul (Weyl, Ohlhaver, and Buterin; 2022)
- Georg Simmel, German neo-Kantian who laid groundwork for antipositivism
- How Blockchains Can Help Create Little Democracies Everywhere
Soulbound Tokens
- Vitalik on Soulbound tokens
- TL;DR written by Glen
- Other write-ups
Projects Mentioned
Glen Weyl
Puja Ohlhaver
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