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By Joe Josue (Republished with permission from the author who published it originally on social media.)
Entrepreneur and angel investor Joe Josue shares his personal perspective on the ongoing discussion surrounding the proposed blockchain bills and the sentiment within the community.
I am very tired of discussing 1:1 the blockchain bills and sentiment amidst work I deeply care about and my having a young family. So I’ll place here for now where I am:
A Personal Note
Honestly, I’m catching up with many of the details because of how busy I am, so I am notably behind what seem to be many loud voices who presumably have followed closely and in depth.
But I am catching up as fast as I can. I’m grateful to a handful of people who are pointing me to a wide spectrum of perspectives, especially about government procedure (and shadow procedure as well), both from sophisticated web2 persons and web3 builders as well.
Community Impact and a Call for Justice
I loathe the state this has put the active web3 builders community in. So much vague patama commentary, hushed conversations, and rampant cynicism.
I am not oblivious and so obsessed with the opportunity with blockchain, and as an advocate of the technology, to have detoured all anger and effort away from the deserved justice that SHOULD be served for the clear crimes related to the exorbitant flood control theft by selfish, evil TRAITORS to the people.
I want justice.
On the Bill and Its Consequences
I think a lot of Filipino normie sentiment toward blockchain will be deeply affected by the outcome of this. There’s no in-between; it will be a good to great, or an excessively bad sentiment outcome.
I think the hearing from the other day addressed a good deal of first-impression criticism; a lot of emphasis that there are key details to sort out.
I am not in favor of a state-“owned” blockchain at this time. I have more trust in a for-profit aligned design with private sector builders with some distributed operations vs. any government-owned operations with opaque staff incentives. At least at this time.
A Broader Perspective on Progress
I know I don’t know enough about government due process and believe this is becoming a good avenue for many to learn more about it and ways citizens can participate and hold the government accountable.
Lastly, I think in a larger sense, our country is so behind in trust and in the government fulfilling its duty in general that WE MUST take an optimistic and iterative approach vs. a cynical approach to progress, else we will continue to spiral.
This goes for all new initiatives related to progress.
I believe we can (and deserve) anger-fueled accountability. But if it crosses over to cynicism, then we do a disservice to wanting a chance for a good outcome.
About the Author:
Joe Josue (LinkedIn, X) is a proven founder, leader, executive, and stakeholder with over 10 years of experience bringing businesses and teams from idea, to life, and to revenue.
Currently:
- Advising Web2 companies approaching Web3 and frontier tech
- Contributing to protocols in blockchain sectors (stablecoins, localization GTM)
- Assorted advisory in areas of: lean startups, incentive design, content and IP in ACG
Recent:
- Founder @ Djinn.App (Acquired ‘24)
He especially enjoys building in frontier tech and the evolution of content, and is passionate about nation-building IP.
