Chris Powers pfp

Chris Powers

@powers

114 Following
52 Followers
Chris Powers pfp
Chris Powers
@powers
Actually from the whole team!
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Chris Powers pfp
Chris Powers
@powers
One more longer take recommendation is a piece from @wagmialexander that explains how tokens have failed and become extractive, but also how we can get it right. Nice read. https://paragraph.com/@dromos/alignment
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Chris Powers pfp
Chris Powers
@powers
On the longer-take side of thinks, OG @owocki lays out a compelling vision for “Fair Fees” I love to see new ideas on how to capture more value for open source development. Very cool idea https://x.com/owocki/status/1915401609267253394
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Chris Powers
@powers
Next, a take so hot I’m just gonna let it stand on its own https://x.com/1a35e1/status/1915818558929424561
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Chris Powers pfp
Chris Powers
@powers
On the development side, @peth shares a classic story from an early experiment in decentralized contributions and reputation. Lesson: Don’t overcomplicate and just make products easy to use https://x.com/petheth/status/1914699294982201518
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Chris Powers pfp
Chris Powers
@powers
Next, something that really grinds my goat: the entrenchment of the credit card system and their blatant rent extraction. When networks stop growing, they should be owned by users & nodes in the network - not centralized companies https://x.com/arpitrage/status/1914492918842220690
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Chris Powers pfp
Chris Powers
@powers
@anna_kazlauskas highlights why we can’t have centralized companies controlling AI: because they can manipulate you without you even knowing it https://x.com/anna_kazlauskas/status/1914758577606254604
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Chris Powers pfp
Chris Powers
@powers
Philosopher king @hasufl arguing that centralized orgs create better decentralized protocols. My take: Yes, but you could have said the same thing about Napoleon and the modern nation state. Democracies weren’t capable enough until they were. https://x.com/hasufl/status/1914964049256735137
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Chris Powers
@powers
Happy Friday - lets get to it with the weekly roundup around the world of crypto, DAOs, and governance This week AI fears, decentralization effectiveness and good ole classic rent extraction. Lets go. 🧵 👇
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Chris Powers
@powers
Awesome - does it have code deference to the DAO? I'm thinking less about the code and more about the brand. As in, what if someone tries use the Morpho brand to solicit investment. Brands are valuable. You need an entity (and the lawyers) to say, "you can't do that".
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Chris Powers
@powers
Who owns the front end and Morpho IP?
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Chris Powers
@powers
They make money off of people buying USDC. They earn a yield and don't pass it along to stablecoin holders.
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Chris Powers pfp
Chris Powers
@powers
Open source development creates an easier and more fair hiring process. If all of our work is public, then we don't have to spend time individually proving it to each potential employer. Limiting the time to hire would be a huge societal gain
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Chris Powers
@powers
These are the type of things that DAOs and DeFi could fund when traditional distribution channels are captured by political/business interests https://www.nytimes.com/2024/06/14/opinion/the-apprentice-trump-movie.html
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Chris Powers
@powers
This is pretty cool - each purchase quickens the release time of the album. It's also fun that Martin Shkreli is involved. He plays the villain role nicely https://pitchfork.com/news/wu-tang-clan-once-upon-a-time-in-shaolin-turned-into-nft
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Chris Powers
@powers
Podcast advertisements are very different when downloaded in a different country. Most of my (English) podcasts have German ads here, except for the daily, which has no ads in Germany! Some form of audience targeting.
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Chris Powers pfp
Chris Powers
@powers
Back at DappCon! I attended in 2019, and wow, crypto (and the world) has changed a lot since then.
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Chris Powers
@powers
Vitalik shows how clear writing can be digestible by non-technical folks AND enlightening for the technical crowd that wrestles with these issues on a daily basis https://vitalik.eth.limo/general/2024/05/17/decentralization.html
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Chris Powers
@powers
discussion: https://forum.sushi.com/discussion/16707-evolving-sushi-bur-no-shinka and to their credit, some coverage AFTER the proposal passed https://cointelegraph.com/news/sushiswap-dao-backs-transition-labs-model-preliminary-vote https://www.theblock.co/post/287588/sushi-dao-treasury-proposal-passes-signal-vote
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Chris Powers
@powers
This Sushi proposal seems awfully fishy. The tldr: Jared Grey and core team: We're under a governance attack! Give us control of $40m in assets Community: wait, no that's cray cray jaredgrey and core team: We'll use the SUSHI in treasury to meet quorum and push the proposal through without drawing much attention
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