tokens Trojan horse principles of cooperatives directly into highly financialized spaces... [but] as tokens that double as governance rights can be sold on secondary markets... DAOs can learn from cooperatives’ emphasis on long termism... DAOs could introduce more forms of decentralized governance into cooperatives.

The Identity Stack ... Traditional online bank accounts represent balances as numbers stored in a centralized database... requires placing trust in a banking institution. Blockchain protocols plus private key cryptography ...introduce ... full possession of digital assets, without having to trust a third party. Hence the terms “self-custodial” or …