sari

Wendell Berry wrote: there are two muses — the Muse of Inspiration, who gives us inarticulate visions and desires, and the Muse of Realization, who returns again and again to say "It is yet more difficult than you thought."

Assessing the “value” of contributions is inherently subjective — A key part of this is the ability for “value” to be accrued over time (suggest an improvement, and if the protocol grows significantly from that, collect a portion of the value created). While some economics can be rigidly defined (like how Yearn incentivizes strategists), many other... See more

Representative democracy already exists in the corporate space — it’s called a public company. For now, token-based organizations are operating in a pseudo-unregulated space, where their securities tokens are immediately liquid and purport to be immune from disclosure requirements. It’s likely, and overdue, that the SEC and the courts will soon bri... See more

You don't realize how efficient Amazon is until you order something from another retailer.

When our activist came in, I offered to step down as CEO and the board wanted to go in a different direction. I didn't want to be on a board with an activist. I didn't want to run a company like that. It's just a Wall Street mess. It's not creative, it's diminishing. But the board said no. So at that point, I'm like, okay, I have to plan an exit. I... See more