Solarpunk

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Web3 and land stewardship, need ELI5 (oasa.earth)

submitted 1 year ago by [email protected] to c/[email protected]

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Web 3, nature conservacy, crypto-somthing, blockchain? So this organization appears to be buying land to then put in the hands of stewardship organizations. One of the places being bought under this scheme is Traditional Dream Factory.

Their plans and ideas seem sound, I just don't understand the crypto part and tokens and what these are supposed to accomplish as opposed to something like traditional shares or just write everything down on a piece of paper?

Is crypto ultimately just an ultra complex way of record keeping here?

I would really appreciate your opinions. In terms of activities and spaces, a lot of the TDF setup is very close to what we would like to build, so I try to study and understand different ways people organize such projects.

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[–] [email protected] 8 points 1 year ago

Is crypto ultimately just an ultra complex way of record keeping here?

Generally yes: the point is to have several record-keepers that don't have to be trusted individually. There are a few niche where this makes sense, but the Web3 crowd tries to shoehorn this overly complex way of doing things in every aspect.