More from @cburniske

Chris Burniske

@cburniske

10 Apr

Right now it’s murmured that “decentralized governance” slows down decision-making.

What if that’s a temporary truth?

Perhaps we haven’t standardized the right forms of “distributed governance” that accelerate group decision-making through flexible consensus rules.

Watching some of the boutique investment DAOs — which can out execute traditional investment firms due to lightweight gov structures 👀 — this distributed & accelerated decision-making is already possible in some contexts.

Read 12 tweets

Chris Burniske

@cburniske

3 Apr

For crypto, an original sin we regularly observe is insiders owning too much of systems that are marketed as public, egalitarian networks.

placeholder.vc/blog/2021/4/1/…

While “fair distribution” is a normative judgment, it flows from what we see as a consensus belief within crypto: creating level playing-fields where everyone has a chance at financial sovereignty.

If a small group of insiders regularly take ~half of the fully-diluted upside (which is common), we’re seriously kneecapping the redistributive effects of this technology in order to make a handful of people obscenely rich.

Read 7 tweets

Chris Burniske

@cburniske

22 Feb

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.

Read 4 tweets

Chris Burniske

@cburniske

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

@cburniske

17 Feb

$DCR in beast mode.

@placeholdervc

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?

@decredproject

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