Money 2.0 Stuff: The next topic of this column will be decided on-chain

One of the solutions proposed to on-going blockchain funding problems is allocating tokens to a team-held treasury. Inevitably, this introduces perfectly reasonable questions like “How should it be spent?” and “Who should control it?” Over the years, this has led to all sorts of wacky uses of funds, including the DASH community deciding to allocate the Dash Budget system to the The Dash N’ Drink Soda Machine and Decred figuring out which PR firm the decentralized cryptocurrency project should hire.

When projects don’t have a pre-designated treasury fund, they tend to run lean with projects like Monero successfully using a forum funding model. Funds with an openness to use a portion of newly-minted tokens to help sustain the protocol and fund community development tend to trend towards launching ecosystem funds. When you introduce on-chain governance into the picture, use of funds can get creative.