“All the successful DAO founders I know weren't trying to start a DAO in the first place,” Hillis tells me after more sips of tea. “They were just self-actualizing in a community and that’s what came out of it.”
Future of Smart Contract Platforms Gün (Avalanche): A one-size-fits-all blockchain will get dominated by whoever can pay the highest fees (the DeFi folks) They will crowd out everyone else
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.
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.
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?