> Make it exclusive to people who sponsor you until you reach a certain number of sponsors
> Then open source the project to the world
This is how ICOs worked, for the teams that actually delivered anything. Without any other monetization path they resorted to taking presales of tokens shoehorned in convulated ways into products that didn't need them, but frequently involved open source code for a community. This resulted in many misaligned interests for people that eseentially were sponsors.
It's nice to see the same sentiment reflected in other parts of the tech industry in a way that more people respect and can relate to.
> Create a cool piece of software
> Make it exclusive to people who sponsor you until you reach a certain number of sponsors
> Then open source the project to the world
This is how ICOs worked, for the teams that actually delivered anything. Without any other monetization path they resorted to taking presales of tokens shoehorned in convulated ways into products that didn't need them, but frequently involved open source code for a community. This resulted in many misaligned interests for people that eseentially were sponsors.
It's nice to see the same sentiment reflected in other parts of the tech industry in a way that more people respect and can relate to.