Capital
Where should capital flow?
Capital is stored time and energy waiting to be deployed. The question is: who decides where it goes?
📄️ Flows
How should capital be put to best use?
📄️ Participatory Capital
Crypto isn't about speculation. It's infrastructure for coordinating capital around ideas that matter.
📄️ VC Playbook
What impact will AI and Participatory Capital have on the Venture Capital Playbook?
The Flow
Money → Economics → Capital Allocation → Infrastructure → Value Creation
| Stage | Question | Link |
|---|---|---|
| Money | What is it? | Money |
| Economics | How does it flow? | Economics |
| Capital | Where should it go? | You are here |
| Infrastructure | What gets built? | DePIN |
Capital Models
| Model | Who Decides | Problem |
|---|---|---|
| Banks | Credit committees | Risk averse, slow, local |
| VC | Partners | High bar, extractive, 10 year lockup |
| Public Markets | Traders | Short-term, disconnected from reality |
| DAOs | Token holders | Participatory |
| DePIN | Users | Users become owners |
The Shift
| Before | After |
|---|---|
| Capital follows status | Capital follows signal |
| Institutions allocate | Contributors allocate |
| Gatekeepers decide | Markets decide |
| Profits extracted | Value stays with participants |
Capital should flow based on validated credibility, not credentials.
Context
- Capital Flows — Traditional and crypto capital
- Participatory Capital — Users as owners
- Economics — The money system
- DePIN — Decentralized infrastructure
- Investing — Thesis and strategy