Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

DC veterans say money is key for crypto issues to be heard. So, they formed a PAC

DC veterans say money is key for crypto issues to be heard. So, they formed a PAC

FromThe Scoop


DC veterans say money is key for crypto issues to be heard. So, they formed a PAC

FromThe Scoop

ratings:
Length:
53 minutes
Released:
Oct 20, 2020
Format:
Podcast episode

Description

HODLpac is seeking to put the benefits of crypto protocols on display, borrowing from the industry in its governance and voting structure to apportion collected funds to candidates. Though it doesn't accept donations in crypto yet, it does follow a token-based voting structure to determine who the PAC will support and how much a candidate might receive.
Its first Community Ballot will occur tomorrow, meaning those who are interested in donating and voting on candidates still can. For more information, Whirty and Smith broke down the structure and purpose of the project on this week's episode on The Scoop.
Whirty and Smith also discussed the opportunities of a blockchain-based PAC and where they see the project going, as well as: 

How a crypto-focused hybrid PAC operates and why it's needed in Washington

The PAC's quadratic voting structure and how quadratic voting can lessen the disparity between hyper-wealthy and average donators

The road to more decentralized governance and a grassroots base

An inside look at the way money talks in Washington — and why a PAC or donation-based opportunity may be a faster way to get an issue on the floor

What the different 2020 election outcomes might mean for crypto.
Released:
Oct 20, 2020
Format:
Podcast episode

Titles in the series (100)

Welcome to The Scoop, The Block's flagship podcast covering finance and technology industries through unmatched interviews with top thought leaders, cultural icons and industry veterans. The Block’s Director of News Frank Chaparro hosts new guests every week, diving into breaking news and topics ranging from NFTs, to the impact of DeFi on Wall Street, to Bitcoin's role in the economy and beyond.