Alex Wittenberg

What Illich sought to defend was what he called the “vernacular domain.” Of his use of the word vernacular, Illich explained, “I would like to resuscitate some of its old breath to designate the activities of people when they are not motivated by thoughts of exchange.” The term, as he meant to use it, “denotes autonomous, non-market related actions... See more

Protocol’s tokenStablecoins (DAI, USDC, etc.), a portion of which earn yield. Stablecoin allocation depends on the liquidity needs and treasury budget.Blue chip crypto assets (BTC, ETH)DeFi index (DPI)Early-stage token investments and M&A that improve the protocol's competitive positioning. The discussion between Keep and NuCyphur is an example of... See more

Consider the archetypal case of being lured from your work by social media: It’s not usually that you’re sitting there, concentrating rapturously, when your attention is dragged away against your will. In truth, you’re eager for the slightest excuse to turn away from what you’re doing, in order to escape how disagreeable it feels to be doing it;... See more

A small percent of people live in a real-world environment that is rich, even overflowing, with glorious substance, beautiful settings, plentiful stimulation, and many fascinating people to talk to, and to work with, and to date. These are also *all* of the people who get to ask probing questions like yours. Everyone else, the vast majority of... See more

Tie revenue from the enterprise version directly to the token so that everyone gets paid in proportion to the success of the overall project (open source + service model)

Today, any startup can access an instruction manual for every aspect of marketing, sales, engineering, and even product strategy. For each playbook you follow, you’re outsourcing your strategy in return for jumpstarting the respective function.

But what gives $APE any value to begin with? It’s not directly, legally tied to the profits of Yuga Labs, the parent company of BAYC — that would make it a totally illegal security. In a literal sense, owning the token only allows you to vote in matters of concern to the decentralized autonomous organization (DAO) that formed around the currency.... See more

In what cases should treasuries borrow instead of spend native tokens?

Tokenized versions of Prime will enable a number of different ownership models that further incentivize early adopters. Rather than offering their products for free until protocols emerge, smart consumer applications can leverage these models to create sticky behavior and strong loyalty.