basil (recession arc) pfp
basil (recession arc)
@itsbasil
in true basil fashion, here’s my max-character, grammatically incorrect wall of text & then i will never talk about it again 1) i’m still trying to process this; i don’t know that i can. i can’t imagine what the team is feeling; truly gut wrenching news. there’s not really much else to say: it’s fucked. in terms of the eco, its quite possibly the worst thing to hear when already dealing with a 4-day compounding hangover: instant sweats & a pounding headache to say the least 2) i yapped with “alex” through it all. as he came out of degendao; into openventures, into his dao/swap, into clanker. i never once got the feeling that he may be a bad actor & the dao supported him from day one. personally, we talked a lot about his past struggles; wanting to provide for his family; wanting to build better open systems—we shared a lot of that. it makes me question everything i thought i knew. it’s hard not to consider pathological angles
5 replies
7 recasts
66 reactions
basil (recession arc) pfp
basil (recession arc)
@itsbasil
3) trust is all we have & that is now broken. from what we know, this was team comp runway stolen to cover gambling debts. immediately my mind hoped that it was for health or family-related expenses, but from his own mouth, it was not. it was greed… it wasn’t open market action; it wasn’t a coordinated insider rouse; this was black & white theft from the very team he helped build. forgiveness in this context is beyond difficult
1 reply
1 recast
29 reactions
basil (recession arc) pfp
basil (recession arc)
@itsbasil
4) without proxy we are NOT here today. we likely would have arrived at a similar place via an alternative path, but we owe proxy A LOT for where this eco is today. he was undeniably instrumental. just like degen, clanker & proxy bootstrapped so much of what we currently have. he showed up when this platform was churning aggressively post-degen. for months, the outlook was bleak (and truly there was only 37 of us here), but he kept tinkering & building when others had already left. post-clanker, and even before that, he was a man of the people. he talked to everyone, was happy to bridge financing for folks where he could; lending money, etc,; in some cases straight up giving it away, usually no questions asked. by all measures, he was here for this eco during some of its toughest times & we owe him recognition for that, if nothing else
1 reply
1 recast
31 reactions
basil (recession arc) pfp
basil (recession arc)
@itsbasil
5) he is NOT dumb. he understood the risk of showing up irl, especially given the vc sponsorship & backdrop. i believe the guilt was eating him & he knew his time was limited (at least thats what i want to believe). reality is, team was legitimatizing; there was a cb listing pending; the chickens were coming home to roost one way or another. he could've very easily stayed fully anon, even with cb at his back (see: racer). he chose to face the music. that is what i chose to believe, ignorant or not. i do not think he is fundamentally a bad person. lord, knows i have my demons too. i think his consciousness was heavy & letting it blow up was his the only escape he could see
1 reply
1 recast
29 reactions
basil (recession arc) pfp
basil (recession arc)
@itsbasil
6) the community response is INSANE. once again, something we can fight ourselves on regarding how much of that we actually owe to him. he might be a BD savant (tbh), but if nothing else, he was a powerful work horse of a leader, a great researcher, and was a good friend to many of us. if we look at the origins of clanker, we can maybe start to see some true colors, but i just assumed he was a ruthless biz mind, which is something i genuinely respected about him. after all, ideas are worthless without killer instincts & execution. i digress. he was a bd wiz, and the team he (helped) build is one of the best in the business. the rallying support speaks for itself; i have no doubts & there is nothing more to be said about where this project will go from here (its up)
1 reply
0 recast
27 reactions