Alex Wittenberg

Reward contributors to the open source version with a token as well

This topic stirs great passion and while we all like the purity of decentralizing, sometimes "the perfect is the enemy of the good." There are excellent tools when you need incentives to be decentralized, and excellent tools when you can accept a more centralized approach. The answer for a well established DAO is likely to be different from a new... See more

Another form of ROI comes from “rebasing,” similar to a stock split where by holding a token and staking it, you continue to get more of that token as the protocol inflates its supply. This is how Olympus works and is why their heavy inflation rate is not necessarily a bad thing since you can retain the share of the protocol that you own. 

The 35% of tokens allocated to the team and advisors are vested over 2 years, with a 6 month initial cliff. So 30% of tokens are initially unlocked, and then 35% come into the market over an 18 month period starting in month 6. So there’s approximately 2% of the supply hitting the market consistently per month for that period, then the inflation... See more

The trucks are rolling panopticons.

Back in the 1980s, the Oxford psychologists Michael Argyle and Monika Henderson wrote a seminal paper titled “The Rules of Friendship.” Its six takeaways are obvious, but what the hell, they’re worth restating: In the most stable friendships, people tend to stand up for each other in each other’s absence; trust and confide in each other; support... See more

If you’re presenting a really great product and showing it to people who need that product, it also doesn’t feel so much like marketing. If you’re taking something that you’re not sure people really need or blasting it across 30 Telegram groups, it’s going to feel uncomfortable and you’re going to wonder why no one is listening. If you feel like... See more

This isn’t a question of proving that something is impossible; it’s a question of what constitutes good justification for belief. The critics of Anselm’s ontological argument aren’t trying to prove that there is no God; they’re just saying that Anselm’s argument doesn’t constitute a good reason to believe that God exists. Similarly, a definition of... See more

Ultimately, the non-transactional thing works on the basis of trust. You have to have trust first, before you can get that virtuous cycle going, because you have to start by giving and not knowing what you'll get back. It's something like an abundance mindset, trust in the community. But at the same time, if you give and you don't get meaningful... See more