brypto

a fair token launch
with shared fees
split to contributors and protocol
with a mixed asset treasury
triggered by a post

What all of these futuristic token org ideas lack is any semblance of good corporate governance

It’s not enough to automate the token flows in the system, you need governance — and that is a messy and very human process

I’m getting flashbacks of DeFi summer, we’ll probably rediscover governance forums 🙃

its always a messy and very human process

all the anon stuff is too

founder /openventures | /proxyswap | tokenbot @clanker

No doubt, but the anon stuff doesn’t promise gains — it’s functionality with one token

The token org (aka dao) stuff without proper governance creates too much surface area for taking advantage of people 

Especially in extralegal contexts like brypto

its not even that I disagree, I just feel like you're reading a lot into people getting excited about integrating splits contracts into LP locks

My bad, I did not know about this integration — im just getting triggered by the mania and vague bull posting

Sometimes you want to prevent old mistakes from being made again and the cost of that is sounding too cynical

For the record, I fw you and splits team, had a great call with @abram a couple months back. Excited to see what yall build!

I know you do, and I know this comes from a good place - the old mistakes are very real

being cynical of intentions & vague bull posting, deep focus on systems design is also a very rational response to the madness of the past few weeks, or brypto generally. its a common trait among most of the people I look u to here

real, governance matters, dealing with this personally in a few places 😅 

one worry I've always had about governance as a solution to misaligned incentives: I'm not sure how robust our systems are if they are not popular, social. I'd like to see better & more dynamic implementations that map onto where we adjudicate these things daily, as users in a network of relationships. in group chats, on the feed with our public reputations, privately in one on one conversations. 

but thats just a kernel of a thought and I haven't written, read or built around it enough to know where it leads.

100% -- only love for earnest builders

to be clear, I strive not to be cynical about intentions, but it's hard in this industry. I'm wayyyyy more cynical of misaligned incentives, which is why I ranted about governance as an antidote that aligns incentives between principals and agents