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Comment by indymike | Hacker News Reader

"The next era will improve on the same decentralized development principles by incorporating decentralized monetization and governance too. This will take us the full cycle of Decentralized and Sustainable Open Software nirvana."

I'm not sure what this actually means but, nirvana.

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In case you are really interested what it means, but not only picking on the nirvana word, here it is: The Bazaar, and open source in general cover the development model through open collaboration. That is awesome, but not enough. You need to think about open funding and open governance elements.

- Ex. DeFi (that is a word now people seems to be familiarizing with) is an extension of open source where monetization is also backed in the project. It is open source + monetization in a decentralized form.

- There are also MANY blockchain projects that incorporate governance by voting of token holders, etc. That is better than a bunch of folks with commit (or some other lifetime) rights taking all the project decisions, at least it is more transparent. That is open source + decentralized governance.

So the conclusion is: Open/free source (cool but not enough) + decentralized governance + open monetization = nirvana. To get there, that will take the next 20 years.

HTH

Interesting, I mostly thought that the smart contracts had flopped by now (it has been more than 5 years now that Ethereum has launched, where are the smart contract based unicorns?), but maybe with a complex technology like that they just need more time ?

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