Proponents argue that foundations offer better alignment with tokenholders because foundations lack shareholders and can focus exclusively on maximizing network value.
But this theory overlooks how organizations actually function. Removing the equity-based incentives of corporations doesn’t eliminate misalignment — it often institutionalizes it. Without a profit motive, foundations lack clear feedback loops, direct accountability, and market-enforced discipline. The foundation funding model is one of patronage: Tokens are allocated and then sold for fiat, and that capital is spent without a clear mechanism to tie expenditures to outcomes.
People spending other people’s money, with minimal accountability, rarely optimize for impact.
...
A better, simpler alternative: Companies
https://rfc.decent.partners/t/mint-7-040-870-kab-to-decent-partners/73
This proposal aligns to ongoing work to create a legal and technical structure that links existing Kabocha tokens to equity or equity-like rights in Decent Partners Ltd potentially with programmable features, while ensuring compliance with existing and emerging regulations.
The primary aim is to iterate towards a model where tokens are bearer assets - representing legally enforceable rights/obligations in the Decent Partners network public company.
Dear Proposer,
Thank you for your proposal. Our first vote on this proposal is NAY.
The Wish For Change track requires 60% quorum according to our voting policy v0.2, and any referendum in which the majority of members vote abstain receives an abstain vote. This proposal has received zero aye and six nay votes from ten available members, with one member abstaining.
The full discussion can be found in our internal voting.
Please feel free to contact us through the links below for further discussion.
Kind regards,
Permanence DAO
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Edited