Tengji Zhang

The future will be multichain.

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

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.

Bounties: What tasks did the individual complete in the past and for what/whom.

Algorithmic stable coin is not very reliable because the assumption about the underlying volatility assets could break once in a while. Consider Long-Term Capital Management.

Cabin has no formal job application process, geographic requirements, or time-bound commitments for completing bounties. It’s like playing Minecraft. You have some agency and all these tools. You get to decide where to apply them.

Naval

• This likely leads to consolidation of info  onto 1 or a few chains

TradFi companies are trying to package together financial instruments other TradFi companies feel comfortable buying so that they don't have to hold crypto due to various regulatory complications.