Tengji Zhang

“If you look at a typical company, the founders and investors own 80-90%,” he goes on. “All of the employees own the other 10-20%. It doesn't make sense. It's not who is producing most of the value. We wanted to flip that model on its head. With the DAO, the community controls 80% of the tokens; the founders and strategic partners control 20%.”

Decentralization Naval:  Some people may say you guys are not  decentralized and  only  getting away with this because  you don't have Feds knocking down  doors.  Could you still work if you guys were  forbidden from working?  Who could  survive that level of assault?

Anatoly (Solana):  Not necessarily true.  DeFi might bid for priority, but they  don't need all bandwidth

Proof of Humanity: Prove unique identity associated with each individual is necessary to protect against sybil attack.

Gives a brilliant and very cynical description of the Ponzi nature of yield farming in DeFi. Shed some light on how it is no so different from startups nowadays that keeps raising more money despite net negative return, as long as they have a grand narrative with a big promised profit at the end.

Ownership: easiest information to capture on-chain and associated with an individual's identity