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Luke Stokes, Foundation for Interwallet Operability - Designing a Decentralized World: DAO vs DAC

February 04, 2022 Luke Stokes Season 1
Dinis Guarda YouTube Podcast Series - Powered by citiesabc.com and businessabc.net
Luke Stokes, Foundation for Interwallet Operability - Designing a Decentralized World: DAO vs DAC
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Show Notes

Luke Stokes is the Managing Director at FIO, Hive Witness, FoxyCart.com and Co-Founder of eosDAC Custodian. An early adopter of crypto and blockchain technologies, Luke Stokes strongly believes that these emerging techs can be a mechanism for global non-violent consensus.

Topics:

1. Can you tell us about your background and how did you end up in Puerto Rico?
2. You have been working on payment and wallet solutions for some time now. Can you tell us your trajectory on it?
3. Can you tell us about the Foundation for Interwallet Operability?
4. You spoke about DAOs, governance solutions, and rethinking human coordination that is focused around intrinsic motivation, flow, dharma and the like and NOT based on extrinsic motivations like rewards, punishments, and threats. How do you see this and specifically the challenges between centralised and decentralized systems?
5. According to crypto.com research in 2021, the number of global crypto owners almost tripled, from 106 million in January to 295 million in December. If we extrapolate a similar rate of increase in 2022, we are on track to reach 1 billion crypto users by the end of 2022. As someone very involved in crypto and the industry, how do you see this and what needs to be done to create a truly internet of trust?

Luke Stokes - Biography

As the founder of The Foundation for Interwallet Operability (FIO), Luke manages this industry consortium, consisting of leading wallets, exchanges, crypto payment processors, and various other entities and community members dedicated to the pursuit of blockchain usability through the FIO Protocol.

Luke Stokes is passionate about voluntary systems of governance and has been involved in bitcoin since early 2013. He's been a consensus witness for the Steem blockchain since early 2018 and a custodian for eosDAC, a community-owned EOSIO Block Producer and DAC Enabler, since its inception. 

With a computer science degree from UPENN, he built, bootstrapped and co-founded the shopping cart software company FoxyCart over a ten year period and is now focused on blockchain technology as a means to create a world we all want to live in.

Luke currently lives in Puerto Rico with his wife and three children and enjoys discussing everything from philosophy, to consciousness, to voluntaryism, to love and awakening.

About The Foundation for Interwallet Operability (FIO)

The Foundation for Interwallet Operability (FIO) is an industry consortium, consisting of leading wallets, exchanges, crypto payment processors, and various other entities and community members dedicated to the pursuit of blockchain usability through the FIO Protocol.

The Foundation for Interwallet Operability (FIO) intends to operate as a Decentralized Autonomous Consortia in the future, with many active members of the community contributing value to the project. The vision of FIO is to operate as a Decentralized Autonomous Consortia (DAC), guided by the community and blockchain ecosystem. FIO encourages everyone to participate in helping define the FIO Protocol and to provide feedback on how to improve blockchain usability. As a Foundation they value:

  • Openness and Transparency
  • Diversity in Community
  • Fairness

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