xavier
Guy Zucks ⚡

Neutrality is ideal, but her point is that they are citing 'regulatory concerns, which means that govs and politics still dictate the money flow, so decetralization is a pipe dream.

2024-09-19 12:12:38

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everything can be gamed
it is ideal to not complicate and burden operation

2024-09-19 11:34:40

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There is information asymmetry, some are better informed, others less. Many collectives have intentional information silos, so those in power can stay in power. Others use radical transparency, which is better, but then everyone has a different skill sets and Dunning-Kruger types start wasting everybody else's time. You don't need democracy and everyone to vote on everything. There are ways to make decentralized yet focused and efficient dev teams, but those are never implemented because from a guy who gets funding and is his own boss, you turn into an equal and judged by others. Peer review is hated by the ego, everybody tries to avoid it. If there is any voting, my number one priority would be complete anonymity, not even commit-reveal schemes.

2024-09-19 11:02:45

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It is a Pandora's box. Who is human, who isn't. A whole game theory of tokenized voting systems, quadratic voting, futarchy, sybil resistance, malicious actors, power games, and in the end there are always unhappy people. The whole thing would only suck fund money to waste time and money on dead ends. Some larpers pretending to be smart and buillding the future will get rich while kicking the can, without useful results.
Let's try, I will supoort any effort, but I've lived it, and I have a bad aftertaste.

2024-09-19 10:13:15

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He couldn't even scan a QR code live on TV last night. https://primal.net/e/note16ud9wplnwu8unjdc8qu4675ffqnmucnzd0pz6zmc7q2cqymvsyqqp4jxe2

2024-09-19 09:54:18

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🫡 nice

2024-09-19 09:32:23

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Unfortunately, everything is joined at the hip. Fractional reserve banking, or more so fictional reserve banking. Money from Bitcoin went in Ethereum and that opened Pandora's box with all the other shitcoin scams. See, if I deployed a smart contract for a new token with a total supply of 1bn, kept a decent amount for myself, and partnered with my scammy frens at the crypto exchange to list the token with a limited circulating supply, I can pamp it by buying a few for say $1 a coin and lure retail on crypto twitter with sockpuppet accounts promoting the scam as something amazing. Idiots start buying and my vaporware token has now got a market cap of billions of dollars. I start cashing out.. It is all hot air, market making (wash trading), social media psy ops... VCs are in on this.

2024-09-19 09:23:03

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self-sabotage

2024-09-19 08:53:48

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I don't like rap as the need to find a word that rhymes overtakes delivering something meaningful that makes sense. It is just verbal diarhhea.

2024-09-19 08:48:31

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I have tried it, having spent years in the Ethereum ecosystem, dealing with smart contracts, crypto-native remote-only global DAOs, online reputation, voting...
It is full of scammers. In the end nothing good comes out of it. Everyone is in it for the easy money.

2024-09-19 08:28:33

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Are you hiring, ask for more funding. It is clearly needed, should be fine.

2024-09-19 08:15:30

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your phone getting hot, given the recent world news is a bit scary

2024-09-19 07:59:34

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It is not fractional reserve banking, but fictional reserve banking.

2024-09-19 07:44:44

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Satoshi will prove you wrong. Repent.