> Proponents argue that foundations offer better alignment with tokenholders because foundations lack shareholders and can focus exclusively on maximizing network value. 

> But this theory overlooks how organizations actually function. Removing the equity-based incentives of corporations doesn’t eliminate misalignment — it often institutionalizes it. Without a profit motive, foundations lack clear feedback loops, direct accountability, and market-enforced discipline. The foundation funding model is one of patronage: Tokens are allocated and then sold for fiat, and that capital is spent without a clear mechanism to tie expenditures to outcomes. 

> **People spending other people’s money, with minimal accountability, rarely optimize for impact.**

...

> **A better, simpler alternative: Companies**

https://rfc.decent.partners/t/mint-7-040-870-kab-to-decent-partners/73

> This proposal aligns to ongoing work to create a legal and technical structure that links existing Kabocha tokens to equity or equity-like rights in Decent Partners Ltd potentially with programmable features, while ensuring compliance with existing and emerging regulations.

> The primary aim is to iterate towards a model where tokens are bearer assets - representing legally enforceable rights/obligations in the Decent Partners network public company.


Make some on-chain remark.

Can be executed by every `origin`.

#540 Please read https://a16zcrypto.com/posts/article/end-foundation-era-crypto/

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