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One lesson OpenAI taught crypto is you can have the most messy and complicated governance setup and still be extremely valuable if you have great people and great products Value accrual finds a way when the product is good
If I’m digesting this right, the proposal effectively pushes all value to accrue to UNI Yet another way of looking at it is it turns Uniswap Labs into a private DAT whose goal is to grow the protocol & capture upside in UNI Great outcome, and way better than what we had before
Today, I’m incredibly excited to make my first proposal to Uniswap governance on behalf of @Uniswap alongside @devinawalsh and @nkennethk This proposal turns on protocol fees and aligns incentives across the Uniswap ecosystem Uniswap has been my passion and singular focus for…
projects contorting their story to the current hot narrative (e.g., ICM) almost never works out. we've seen this play out with decentralized AI, data availability, & social fi think it was peter thiel who said something along the lines of "you want to be in a category of one"
1/ Not entirely convinced that futarchy is the correct framework for early-stage startups to operate. TL;DR: Founders typically don’t want markets to make decisions for them because they are usually much more informed than the market. VCs are fine with this information asymmetry…
love it or hate it, got to respect when founders hustle to find their first 1000 users
Pump.fun is pretty degen - that’s why a lot of people (like myself) look past it. But even if you don’t believe in memecoins, you gotta give the team credit for building one of the most used products in crypto @fededaffina and I wanted to see how they did it 👇
Sometimes I forget the kanye token happened, but then I check coingecko and remember that it was indeed real
Things you don’t want to see: chains with no PMF investing in startups
Just in: We’ve raised $19M in a Series A co-led by @zksync, @further, @eigenlayer & @500GlobalVC. This brings our total funding to $34M. We’re full throttle to be the first privacy DEX to unify the fragmented trillion-dollar onchain market. And take it mainstream. Get the news…
Love this
In 1994, Rolling Stone asked Steve Jobs about the internet. Interesting answer. He didn’t actually want to make any predictions: “I don’t think of the world that way. I’m a tool builder.”
Observing: Coinbase is becoming more like Robinhood, with gamified prizes to encourage certain user behavior (e.g., upgrading to the paid plan; buying crypto) Hard to compete with Robinhood’s 2% bonus on crypto transfers though
interesting exploration in decentralized AI highly recommend
Frontier AI models are trained in data centers with 100k+ GPUs, high-speed interconnects, industrial cooling, and 24/7 uptime. So when I hear claims that they can be trained on decentralized networks of consumer GPUs, I’m skeptical. Can decentralized AI really compete? 🧵
in the age of ai, the secret to good writing is going from the aged em dash (—) to the lovely double dash (--)
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