Crypto Theses for 2022

What happens when you bring together learn and earn onboarding incentives (Marketing), a vibrant contributor marketplace (HR), improved treasury management and delegation tools (Finance & Ops), and project reporting / community relations (Management)? You’ve got the full stack of solutions needed to build replacements to existing governance constru... See more

I, like the rest of the internet, have a lot of thoughts on Facebook / Meta in general. I agree with Qiao that the goal with the renaming is to move away from the toxic Facebook brand. I agree with David Sacks that the media’s witch hunt of Zuckerberg, reflects their own bad behavior - which is orders of magnitude worse. I also agree with Balaji th... See more

If you take the 10 year view that open, token-governed marketplaces will replace companies (as I do); and recognize that their communities will need 100x improvements in collaboration tools in order to operate more efficiently than centralized competitors; and understand that every DAO treasury transaction is essentially subject to a board-level pr... See more

Collapse in institutional trust: Whether you’re here as a missionary or a mercenary, you’ll find that one of the primary unifying forces behind this movement is the belief that decentralized technologies with embedded financial incentives (a good shorthand for Web3) offer a compelling, often lucrative, alternative to our decaying legacy institution... See more

It doesn’t seem like Amazon faces any meaningful Web3 threats right now (perhaps AWS in the longer-term). Google search and Microsoft Office may have impregnable walls. Apple is still dominant in hardware first and foremost. YouTube could theoretically incorporate Web3 components, but that seems unlikely as they already split revenue with creators ... See more

Much like twitter > linkedin for networking. Learn-to-earn is going to slowly replace credentials and largely gamify and invert the education funding model

WAGMIL “We’re all going to make it” is my favorite crypto meme in years. It says “we’re still early” without coming across like an obnoxious, early MLM punter. It’s a memeable twist on the famous Balaji quip, “win and help win”, which is a personal favorite. And it embodies more mission alignment and altruism than another crypto twitter favorite “U... See more

If you’ve been following me and Messari for a while, you know I’m bullish on token-powered information curation. The v1 token-curated registry primitive had some flaws, but in general, curation markets could replace centralized, ad-driven algorithms, improve credentialing and social signaling, reduce low-value redundant work, and crowd-fund high-va... See more

“Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.”

There are pretty obvious differences between companies and DAOs, and it starts with their fluid governance and legal structures, not their tokens.