Welcome to @keone, founder of @monad-xyz!

He's kindly agreed to do an AMA — starts in ~20 minutes at 12:30pm PT / 3:30pm ET!

Reply with your questions!

Welcome to @keone, founder of @monad!

He's kindly agreed to do an AMA — starts in ~20 minutes at 12:30pm PT / 3:30pm ET!

Reply with your questions!

There is so much potential in decentralized tech. It is extremely cool that people can build apps, deploy them permissionlessly, and have them end up becoming lego bricks in a new financial system.

More generally, I believe that siloed systems - asset ledgers siloed inside individual banks; property being siloed inside individual government ledgers - create inefficiencies. Siloed systems allow the silo maintainers to gate transfers and maybe even seize assets. If we can push everything down to a shared, credibly neutral layer, there will be huge impacts on society, especially on emerging markets that currently suffer from low trust. It will have a huge leveling-up effect.

I want to see things done well and I see so many areas where we can improve as an industry. I love being part of a team and community where we are chipping away every day to improve the quality of resources, products, and opportunities in the space.

Make some wagers on Opinion Labs (https://app.olab.xyz/)

Bet on your favorite creators on Kizzy (https://kizzy.io/)

Trade memecoins on Kuru (https://www.kuru.io/markets) or NadDotFun (https://nad.fun/)

Or more generally try out any of the apps on the Testnet Hub (https://testnet.monad.xyz/) and let me know what you think!

Can we get to download kizzy app directly from app store, for some reason some of us can't download through "add to home screen"

What cool things should I do with my testnet MON?

Founder Community Lead @ Monad

Community builder /valuesdao || 

https://app.valuesdao.io

currently @openrank | @cura prev: buidl.so, threads_reader
https://dharmi.notion.site

Like all things, the answer is definitely yes, definitely no.

On the NO side - ofc a lot of this is just noise. What matters is solving problems for real people, creating maximal value for people, being creative about getting new people on chain. A lot of the chatter is just there for entertainment, like how NBA on TNT has to put on a show every evening.

On the YES side - it does matter that people care so much about crypto that they would spend hours each day debating and consuming content. Attention is value and crypto has benefited immensely from occupying so much attention that it started to challenge fiat currency in memetic value. The debates around values - privacy, censorship-resistance, resilience, decentralization - are basically what prevent the industry from backsliding into centralized systems.

The debates matter but you don't always have to participate. Build now, yap later.

how do you look at all the L1 culture wars that are being discussed on CT? does it really matter?

whats one app on monad that you are excited about and want everyone here to try?

PS: Thanks for letting some of us use The Studio CC: @pareen

/monad ecosystem (consumer & gaming) | ex telco.in & everwave.xyz founder | /music moderator | writing on web3 & culture https://paragraph.xyz/@alixkun.eth

I would try to migrate people community by community. It makes a big difference when your whole squad comes over together. 

I would also try to get people scheming up something using farcaster (like using it for active problem solving, product building/feedback). Make farcaster the place where something epic came together.

As I mentioned in another post, I think that sybils are the single biggest problem in web3 growth so any platform that builds in features that make it easier to tell whether someone is legit will create a ton of value.

If you were CEO of Farcaster tomorrow, what is the first thing you would do/change to maximize its chances of success?

what updates would you make to your crypto reading list given current market conditions?

thank you for your thoughtful answer! ☺️

Apps. The main purpose of the list was to offer an opinionated list of readings to get a layperson up to speed on crypto. Linking to some apps that people can try to understand what crypto gives them access to is an obvious miss.

I would link out to RareSkills and Cyfrin Updraft. More generally I would do a survey of the educational resources in the space, there are a lot of new additions since 2021

I would devote a section to "working in web3" and try to give a minimal list of things people coming from web2 need to become familiar with. We have had a few people from our team come over from web2 so this is a replicable experiment.

I would link to inversebrah for getting up to speed on culture

what updates would you make to your crypto reading list given current market conditions?

https://github.com/keone/crypto-reading-list

Building @farcaster, cofounder @bountycaster. Prev: cofounder of Scalar Capital, product at Coinbase, coproducer @ethereumfilm

Anything that takes advantage of the social graph to coordinate

Anything that uses trust scores built from mutual following stats. I believe that the sybil problem is one of the bigger problems that innovators will face in the future (you can already see it when your hiring pipelines get flooded with state actors, or when your user acquisition efforts get botted) and the social graph is the best way to address this.

Anything in the realm of making it easier to curate great content. It's really hard for newbies to make sense of any domain, but tools that make it easier to curate great content and present it clearly to a new person are super valuable.

What kind of Monad mini apps on Farcaster are you most excited to see?

/new-york 🗽 • /untzuntz 😈 • /tastebuds 🍕 Fan of eating tacos and bringing people together, often at the same time 🌮

Epic! Rapid fire round:
1. What kind of dog? Name?
2. Favorite spicy cuisine?
3. Favorite genre(s) to read?

I am obsessed with my dog and I love spicy food - the hotter the better. 

When I was little one of my favorite memories is that my dad would take me waterskiing - we'd wake up really early and go out on the lake with my neighbor Jimmy driving the boat and my dad barefooting or me waterskiing. I want to get back to that someday although there isn't time right now.

I enjoy reading and in a parallel universe I think I would have been a writer (although I don't write much in this one)

Hey @keone, would love to know more about you outside of Monad! What are your hobbies? What's your favorite food?

There aren't actually that many L1s. Or at least, there aren't that many interesting new technologies - just a lot of reskins of geth with different parameters, or additions of precompiles, or a different way of splitting fees (CSR), or a different consensus mechanism (e.g. tendermint), or with branding around a specific GTM vertical (e.g. an L1 for RWAs).

"Yet another L1" is a psyop because there are infinite L1s if you just keep forking and making minor tweaks. But new technologies are a lot more rare, but new techs are what we need to move the industry forward.

After Bitcoin, there were a lot of Bitcoin forks, because for a while the value of a new Bitcoin fork was > 0. This kept happening until the market saturated. But then Ethereum came along and - while technically Ethereum is a Bitcoin fork (in the sense that it was clearly inspired by Bitcoin, and used the same block production mechanism) - Ethereum was also very different. It enabled many use cases that Bitcoin (and Bitcoin forks) did not.

thanks for doing this @keone!

i haven't kept up with monad's growth, but i see you've built a strong community

how would you explain monad in a single sentence to
- another crypto founder?
- a VC?
- an open minded crypto skeptic?

why should they care about "yet another L1"?

How was the experience for you and James navigating both running a company and the Jump saga after he blew the whistle on their Luna activity?

Must not have been easy, but credit to him for speaking up when it would have been far easier to stay silent

Q: If Monad nails what it promises, what becomes obsolete?

(if need more specificity, the "what" is crypto UX/dev in next 2 years.)

ⅈꪀ𝕥ꫀ𝕣ꪀ @qrcoindotfun, @dau, unofficial @farcaster mascot

How soon would we able to use our monad tokens on mini apps without having to leave farcaster.

Oh hell yea! recipe for a cambrian explosion of mini apps!

Yes!

We also have an MCP

https://mcp-on-vercel-monad-36y8.vercel.app/

https://docs.monad.xyz/llms.txt

what interesting or new mini app ideas are only possible with a fast chain + social context?

hey @keone 

how should mini app builders like myself be thinking about monad? ie how is it positioning itself amongst existing chains & L2s, and what are the unique opportunities for app builders in the ecosystem?

thanks!

What is Monad? and What makes it different from competitors?

What's something interesting about your younger days (college / high school) that most people don't know?

what are some asymmetrical consumer bets you/monad are willing to make for the next year?

if you were building a mini app on Monad/Farcaster today? what would you choose to spend your time building? What assumptions would you be testing?

Hi @keone what has been occupying your thoughts most in recent weeks? What's the next problem you're planning to solve?