The Otonomist - September 2020 Issue
Welcome to the September 2020 issue of The Otonomist
This month we highlight two new features of our OtoCo onchain US LLC product. Our Unbounded Thinking section then talks about blockchain as the “rebel child” of capitalism and why we expect Otonomos to catch an unprecedented wave of entrepreneurialism. Finally, we share what some of our clients have been up to and close with 8 handpicked quotes by Voltaire.
With best wishes for a productive second half of September!
– Han, Founder & CEO, Otonomos
Now You Can Instantly Issue an ERC20 Token With Your Onchain LLC Using OtoCo
The token factory: We added token issuance to our otoco.io company assembler
Last month we added Wyoming to our otoco.io company assembler. Since, we assembled over 80 instant Delaware and Wyoming LLCs on the Ethereum blockchain, despite very high gas fees throughout the period.
We now added an ERC20 token factory to our company assembly line that enables users to instantly create a token and issue it with their real-world entity.
Users can link their token to Membership of their LLC or give it any legal content they wish. Otonomos itself was one of the first users with a SAFTE token to be sold in a private offering to our existing clients from early October and we have seen more SAFTE issuers since, such as finance.vote.
Also, users can now claim an otoco.eth subdomain, making it easy to label the wallets that hold their entities by simply using their chosen ENS names!
¡Participalismo o Muerte! Part I: Meet Blockchain, Capitalism's Rebel Child
Decentralization will either mobilize billions of new economic participants or die.
In this first of two parts, we share why we believe the next decades will bring an unprecedented wave of entrepreneurial energy.
Our thesis is that the ubiquity of decentralized computing power via open, uncensored networks will be the cause of secular changes in how value is created and parceled around in a new, “horizontal” economy.
In such economy, millions if not billions of new economic agents will be able to freely participate in the projects of their choice, unlocking human ingenuity on a level never seen before.
MEANWHILE, OVER AT OTONOMOS…
What Our Users Have Been Up To
It's not all DeFi yield farming: One client is using blockchain to farm the sun.
We stand at the cradle of many projects in the crypto and blockchain space and wanted to share what some of our clients are up to on a no-name basis:
We’re helping a Canadian/Australian client with a structure to hold each of a growing portfolio of solar plants in a separate LLC that uses smart contracts to manage the payouts from farming the sun.
We’re seeing our OtoCo company assembler being used by clients to park IP or a domain name, use it as a Special Purpose Vehicle for token issuance, or house DeFi code.
We see significant orders for Foundations from clients who need a vehicle that can steward their project in a decentralized way.
We have daily demand for offshore entities, especially in Cayman, from clients who trade and invest in crypto assets.
We’re in the midst of setting up two companies in Switzerland with paid-up capital in crypto rather than in fiat. Only in Zug!
They don't make pamphleteers like these anymore.
Often reviled and revered in equal measure, we revisited some of Voltaire’s original works and rediscovered a steadfast advocate for free speech and tolerance.
Voltaire’s withering criticism of the bigotry, authoritarianism and dogma of 18th century France is of all times. Here are some of his best quotes:
If you want to know who controls you, look at who you are not allowed to criticize.
The more often a stupidity is repeated, the more it gets the appearance of wisdom.
So long as the people do not care to exercise their freedom, those who wish to tyrannize will do so; for tyrants are active and ardent, and will devote themselves in the name of any number of gods, religious and otherwise, to put shackles upon sleeping men.
It is difficult to free fools from the chains they revere.
The right to free speech is more important than the content of the speech.
In general, the art of government consists of taking as much money as possible from one class of citizens to give to another.
Beware of the words “internal security,” for they are the eternal cry of the oppressor.
What is history? The lie that everyone agrees on.
Next month: In your inbox mid-October, The Otonomist will have more details of Otonomos’ accredited investor round, the second part of its piece on Participalismo, and a brief history (with pics!) of Otonomos by its Founder.
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