Timour Kosters

Key Ideas

The core question explored in this post: do highly decentralized DAOs work, or should their governance start to more closely resemble trad corporations?

Vitalik's main point: there are certain use cases where decentralization is very important. There may be a relatively small number of these orgs, but they will be the very important ones.

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Assess the potential and spot the openings:  “We spent a lot of time thinking about ‘What is the market for this?’ Spreadsheets have been around forever, but most of the time, people use them to track objects: people, companies, simple tables. They're not doing modeling and number crunching, which they were invented for,” says Ofstad. “And wh

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What role will humans have in this future? - Perhaps when conflict arises - There will be 80/20 for all types of work - 80% of governance decisions will be automated. These will be the non-controversial decisions - We will each likely have personal AIs that represent us in each of the communities that we are a part of - 20% of decisions will get tr... See more

Quotes:

“I’m talking to you,” he began, “because the old shit doesn’t work anymore.”

The established patterns for releasing music, going on tour, and putting work into culture, he explained, were no longer relevant. The infrastructure, the audiences, and the money just weren’t there.

“I don’t know where things are going,” he continued, “But I know the

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I think of product-market fit as the transition moment you feel as a founder when you go from "pushing" your product on people to them "pulling" it out of your hands. But the path to get there is deeply personal. One founder’s journey to product-market fit may look totally different from another’s, and yet both paths could be completely valid — wh

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Although my work as a nonduality teacher is aligned with the shentong view, I do not speak of fundamental consciousness as a metaphysical reality. I cannot claim to know what it is. Buddhists often speak of it as the nature of the mind, while many Hindu philosophers have asserted that it is the nature of the universe. Still others claim that we hav

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SHEIN’s explosion is nothing short of remarkable: SHEIN has grown over 100% every year for eight straight years (!), and its latest private market valuation makes it worth more than Zara and H&M combined.

DAOs will likely become large networks with shared incentives and coordination tools, made up of smaller units (which can still be quite bit) that act in a more directed and centralized way.

Brush up on the prior art:  “We were intellectually excited about going down that path of this general space of software creation. So we spent a lot of time doing research. It was almost like being on a sabbatical, reading all this prior art of old computing pioneers, like  Douglas Engelbart  and  Bill Atkinson , and even conte

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