Adventures in decentralization
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The Lighter Side of Spirituality
I’ve been deeply spiritual and—the older I grow, the more I allow myself to say it—faithful for over twenty years. I just know that God exists; I can deeply feel it. I don’t know it” on a mental level, I don’t have “scientific proof”, whatever that should look like. But on a good day, I…
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How DAO Governance Experiments Can Scale Coordination – pt.3
Examples of successful DAO governance models While it might be arguable what “success” means for DAO governance, this chapter will highlight three DAOs that have scaled well beyond their initial size and retained lively participation and a robust degree of satisfaction among users and contributors. MakerDAO After the Maker Foundation turned over the reigns to…
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How DAO Governance Experiments Can Scale Coordination – pt.2
If you haven’t read part one, please go ahead and read it here. 2. Challenges in Scaling Coordination Inherent challenges in coordinating large-scale DAOs / Complexity of decision-making in decentralized organizations The complexity of decision-making in decentralized organizations lies at the intersection of autonomy and interconnectedness. In these dynamic structures, decision-making is distributed among various…
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How DAO Governance Experiments Can Scale Coordination
Introduction Definition of DAO (Decentralized Autonomous Organization) Importance of coordination in DAOs Overview of the blog post content 1. Understanding DAO Governance Explanation of DAO governance mechanisms The importance of effective governance for successful coordination
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Exponential Growth? I have thoughts.
Exponential growth is the boogey man of the 21st century. In the ohysical world, it doesn’t exist. And that includes viral infection and AI growth..
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Regulatory capture: the $181mm $BEAN hack brings hacking to DAO governance.
The heist On 16 April 2022 hackers used a flash loan to purchase governance tokens for Beanstalk Farms. They used these tokens to vote with a supermajority (> 66%) on a proposal that granted them access to all the protocol’s funds. Shortly afterwards they completely drained Beanstalk’s smart contracts and managed to escape with $75mm…
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What will the next crypto bear market look like?
The 2017 bear market was a multi-year market-wide downturn Forward to 2021 and fundamentals are strong with some undervalued asset groups Investors should expect short market-wide bear-phases and brutal group-wide downturns The crypto market is no longer one cohesive entity. Invest accordingly Context: the 2017 bear market Those who have been in crypto for a…
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What is Optimistic Ethereum?
So what is Optimistic Ethereum ? Does it mean blocks are considered “half-full” when at 50% capacity? Optimism tries to solve one of Ethereum’s biggest challenges. Speed and cost of transactions. Currently Ethereum can process less than 30transactions per second, compared to 50,000+ for Visa. Transactions are auctioned, causing urgent moves to send tx fees…
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Avalanche – should Ethereum brace for impact?
TL;DR Avalanche is a Proof of Stake (PoS) blockchain network developed by a Ava.Labs, under CEO Emin Gün Sirer. Sirer is an associate professor of computer science at Cornell University, and co-director of IC3, the Initiative for crypto currencies and (smart) contracts. Avalanche employs a unique consensus algorithm that allows rapid finalization of transactions. The…
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Moving Bitcoin from a paper wallet to an exchange
Right now the Bitcoin (BTC) price is skyrocketing! Amazing if you own only a piece of a coin. Maybe you were smart and stored the coins on a cold storage. The most unexpensive and one of the most secure being a paper wallet. I recommend the ones from Bitcoin Paper Wallet. The guy just nails…
Got any book recommendations?