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Chris Burniske Profile picture
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22 Feb, 4 tweets, 1 min read
Everything a company can do, a #DAO will do better.
While the current reality of #DAOs is a long way from the promise, speed of progress is 👀👀
Wait until the "composability" that is much-touted in #DeFi starts hitting mainstream realization for #DAOs.
Composable & open-source organizations will blow minds.

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More from @cburniske

Chris Burniske Profile picture
20 Feb
#Cryptoassets going through their first bull are likely to draw down 95-99% in their first bear.
If you think your asset is so high quality it’ll be excluded, look at $ETH’s first bear (2018-20).
Keep these #’s in mind as you gawk at “how rich you are.” If you just hodl, you may end up with 1-5% of what you have at the peak.

If holding BTC, maybe 15-30%.
Read 5 tweets
Chris Burniske Profile picture
17 Feb
$DCR in beast mode.
For a while, skeptics asked what $DCR's raison d'être was.

Sure, @placeholdervc had put out that "Decred’s killer feature is good governance, and with good governance, you can have any feature you want," but what feature(s) was @decredproject providing the world?
IMO the turning point for people realizing @decredproject's ability to bring valuable services to the world was #DCRDEX, which has seen rapid uptake as a privacy-preserving, hard-money #DEX: dex.decred.org
Read 12 tweets
Chris Burniske Profile picture
11 Feb
We're in a bullish flywheel.

Bullish news leads to more bullishness, which leads to the release of more bullish news ♾
I'm continually shocked at how driven by *hope* and *fear* all markets are. At their core, humans are so... human.
Capitalism's creation of capital is inherently speculative, try as we may to obfuscate the speculation beneath formality and formulas.
Read 6 tweets
Chris Burniske Profile picture
10 Feb
The most informed see the writing on the wall for how integral @BalancerLabs is becoming to #DeFi liquidity.
To date, @BalancerLabs has not been the flashiest of the AMMs, but it is beloved by builders for allowing them to build a vast array of liquidity pools to solve pressing problems.

Developers are sticky and grow independent dependence.
Over time @BalancerLabs will find itself at the center of more & more pivotal liquidity experiments.

The launch of its V2, which will allow for customizable AMM logic, and pools to be used for both exchange & lending, will only turbocharge the trend: medium.com/balancer-proto…
Read 4 tweets
Chris Burniske Profile picture
5 Feb
If you’re a #crypto founder, make sure to raise enough capital in the bull to last you through the bear.
Depending on the asset(s) you use to raise, make sure you have enough stable capital to last you for 3+ years come the end of 2021.
The party doesn’t last forever, and many of the quick believers we see around us now will just as quickly be skeptics in the bear.
Read 4 tweets
Chris Burniske Profile picture
31 Jan
It’s the year of 21, how could the coin of 21 not make its pilgrimage to the top? #Bitcoin
For the non-believers: everything human that’s set in motion is done so first through faith.

From there, we are pattern seekers.
And while there are those who say only the coin of 21 shall rise, they forget every cryptoasset is a descendant of the coin of 21.
Read 4 tweets

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