On the first point, I can only speak for myself as a bitcoiner and a Liverpool fan that I would give up $20 a month of sats to have a part in the ownership of a club.
Are you a fan of any sports team? Would you do the same to support them to build up their treasury and have a collective say in how they're run?
I don't understand the point about ordering sats though. Can you explain a bit more
Have you heard of the Bedford rebranding? They are on the sats standard if I’m not mistaken.
I follow and watch sports very infrequently, and no particular sport for that matter haha
Sure I can expand on this in two ways.
1. Since ordinals is an independent protocol and side chain, it does not have the security of the btc blockchain. In an adverse scenario, it might not recover from the attack. Then the side chain is corrupt and it’s data too. This means that the way the protocol ordered sats might change.
2. The ordinals side chain can be forked and rebranded. This new protocol starts reorganising sats and telling everyone that their way of ordering or technology is way better. Due to the competitive environment, users will have to decide which order they believe in. Or alternatively they can also create their own side chain and start ordering sats if they want to. Hence ordinals is a question of believe and they remain ambiguous.
Sure, I've been semi-following what's happening at Bedford, it a cool idea. It's a bit different than what I'd want to do though.
I think I'd be cool to have all fans be able to have a say that is representative of the amount of value they're willing to put in. Rather than having one bitcoiner fan who is still the sole owner.
Also I can't afford to buy Liverpool on my own.
Thanks for answering about ordinals. Is it a bitcoin like situation where it's possible to go and fork the chain but no-one bothers using it because everything can be done on the first chain and that one is more secure?
Or would it makes sense to start you own chains for your one projects?
Exactly, while it is possible to fork the ordinal sidechain, it doesn't necessarily mean that users will choose to use the fork instead of the original sidechain. Ordinals as a protocol is single-point-of-failure, and while its features and reliability may seem appealing and reliable at first glance, there is always a significant element of risk when placing trust in any decentralized network (especially if it’s not #bitcoin).
IMO, large DAOs involve individuals that usually have different personal interests that interfere with the project and blur efforts. This often leads to impulsive decision-making favouring one's short-term gains over more optimal longer-term results impairing the reputation and professionalism of a whole organisation.
Instead, you and your community could buy and manage a smaller local football club, like Bedford. This way the community is aligned and you’ll be able to manage the organisation easier. Simply use normal contracts to attract outside investors. I
I think it's true that any tribe big enough will have factions inside it that want different things. Political parties are a good example, the tribe fights is out in the primary to decide their representative but once they've picked they come together and try to win.
It would be probably be true for a fan-owned football club as well. It will probably get tribal and might be prone to short term thinking but in my mind that just means that the fans need to learn to be better stewards of the club. It's still better than being owned by one rich dude who can destroy you club with a couple of bad loan decisions or being reliant on shitty tyrants who are using your team as a propaganda tool.
It would probably be a good idea to try it on a smaller scale first but I need to find a mechanism to do it first. I thought ordinals might be the way but I wouldn't really want to make a shitcoin for it even if it is routed in the bitcoin Blockchain. Some type of multisig might work but I've not heard of anything that can do unlimited signatures yet.
Sorry just playing devils advocate here. So I’m not sure where you live, but the chances are that it’s easier to organise your project with regular contracts. I honestly fail to understand why every community member needs access to the treasury. Isn’t it easier to cast votes on regular ballots?
When it comes to organising funds, then maybe run a sats standard and have a multi-sig via electrum, they support a pretty high number. Alternatively look up fedimints (I’m not knowledgeable about this yet either), but my understanding is that it enables federations to manage, secure and distribute funds.
