Blog Post #3: Re-envisioning the Public Goods Funding Narrative

[TravisWyche]

This article will delve into the evolution, challenges, and future of the public goods narrative within the web3 and crypto community. It identifies the core problem of how the term "public goods," initially rooted in altruistic intentions and shared common resources for sustaining earthly survival, has been misdirected and captured by profit-driven motives, particularly through venture capital influence. The article highlights the resulting coordination failures and the disconnect between infrastructure development and real-world impact.

By disentangling the historical context, critiquing the current usage, and proposing new, clear definitions, the article aims to reclaim and redefine the public goods narrative. It seeks to foster a holistic approach that bridges the gap between technical and non-technical communities, encouraging solutions that genuinely benefit all. This article is necessary to initiate a crucial dialogue on redefining public goods, ensuring the term aligns with its original purpose and resonates with a broader audience both inside and outside the web3 ecosystem.

[TravisWyche]

Ven and I sketched out a high level outline here: https://hackmd.io/@esm/BybgbcwNA