TL:DR; Nation-states are built upon the manipulation of individuals by nationalism into sacrifice for nothing in return, however, the advent of DAOs represent a new social model of belonging built on symbiosis rather than predation
This is a thought provoking piece considering the archaic nation-state and how its deterioration is a result of social models evolving bringing people together for a common cause rather than a shared sense of identity (nation, ethnicity, etc.)
The nation-state promotes nationalism prefaced by a corrupted sense of altruism
By exploiting a persons sociobiological need to "belong" they require persons to sacrifice themselves and their lives to serve as pillars for the states benefit
2⃣ Global Info Age and the collapse of nation-states
State profiteering would eventually to deterioration, but technological process has catalyzed this process hundred fold
Technology now allows for the access of information across the globe regardless of status
2⃣ con
This access allows for the entry to global markets, meaning that the opportunity for wealth creation is no longer bounded by geography
This creates a class of "information elite" who have the capability to leverage to build wealth and work anywhere
2⃣ con
One who is a part of this new elite class now has significant disincentives for participation in the archaic models of nationalism and citizenry to the nation state
Given their flexibility with geography for wealth creation, why be a citizen of a high tax nation-state?
2⃣ con
This cohort who will have adopted this mindset will withdraw from the state to be removed from control by state powers as identification with the state is no longer beneficial
Instead cliques within the cohort will coalesce to move forward with their goals
3⃣ DeFi and DAOs
How does all of this play out in reality?
Consider the advent of DeFi and DAOs as proof positive of eventual collapse of nation-states
DeFi quite literally provides the capability to circumvent centralized institutions in the pursuit of financial gain
3⃣ con
DAOs membership is predicated on pursuance and the advance of a common mission, not through traditional forms of identity to state, ethnicity, or geography
Both DeFi and DAOs provide a path forward for the "information elite" to withdraw from nation-states and be global
4⃣ Resistance to change
Unfortunately the decision to withdraw is not so simple, as the powers that be have a deep stake in ensuring continual conformance to current systems
Like with Gensler the old guard will stop us from advancing forward, and we must brace ourselves
5⃣ Future Considerations
To ensure the success of DAOs we must work on privacy to offer a true digital community
1. Privacy safeguards: We must anonymize the governance process to prevent the identification of stakeholders and their off-chain coercion
5⃣ con
2. Flexible Privacy: We must offer the option for people to remain digital to broaden the talent pool for recruiting
3. Product Privacy: Without anonymous code deployment, innovation might be disincentivized due to the possibility of real-world liability
6⃣ Ancillary thoughts and conclusion
Feel free to skip here, as these are just my own ruminations
A few years ago when I was still a freshman in college I took a philosophy class and came across the storied phrase by Descartes "cogito, ergo sum".
6⃣ con
Though I understood for some why it was profound, and why for Descartes it was so critical, but it was more benign to me
What mattered was after the fact, "I am, but do I matter?"
With the preponderance of nihilism, my thoughts were probably commonplace in society
6⃣ con
I always wondered why that was the case.
Why is it that so many intelligent individuals fail to find meaning on their own?
Why bright eyed individuals who maybe at one point in time thought of changing the world end up being cogs in the machine of corporate America
6⃣ con
What is the fundamental issue at play here?
I have found that, feel free to disagree with me here, that the cause has been the imposition of this warped sense of altruism within every institution
6⃣ con
The nation requires sacrifice to schools for grades, which then lead you to sacrifice yourself for your company to generate profit, which ultimately benefits the promotion of the nation state in this corrupted cycle
6⃣ con
This might be an oversimplification, but at no point in time is what the individual wants to accomplish really considered
Like in a factory, you're pushed along this cycle going onto the next process without any time to reflect and process what you want to do
6⃣ con
In my belief this process is ultimately underlined by the human need to belong to the "in group" which requires identification to that group by geography, ethnicity, and citizenry
This entire process is not conducive to finding spirituality and purpose for oneself
6⃣ con
6⃣ Accidentally hit send here, but Ill just finish it up in replies.
What ultimately breaks this cycle is identifying yourself with the facet of your mission and goal rather than traditional identify
That's why DAOs are so powerful, they focus on driving towards a goal
6⃣ fin
In a long-winded way I was trying to show why I'm so bullish on crypto and the prominence of DAOs and how that will fundamentally shift societal structure.
People, generally, want to have purpose and meaning and DAOs provide an outlet for that
6⃣ fin
So in complete conclusion, I believe DAOs are a necessary evolution to society and people will shift towards them and create digitally native city-states to which they can share a mission and purpose
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I know a lot of Templars have a variety of viewpoints on how Temple is going to be revolutionary, but wanted to give my own two cents
1⃣ General Narrative
In the early days, of which unfortunately I did not partake, making trades on ETH was relatively inexpensive. $300 ETH meant maybe you were paying at most $30 for at trade, but now that ETH is at $3000 you're paying $300
Well that's a problem
1⃣ con
For one in creates a barrier to entry into the ecosystem for new participants.
How can I possibly justify an investment where 10-20% of my trade evaporates into gas cost?
Even if I'm already in the ecosystem there's a significant disincentive for me to participate
🧵on the lay of the modular blockchain land for @scribeDAO
TL:DR; Blockchains have now become composable removing the need for a singular chain to tackle the Blockchain trilemma, rather a variety of chains can specialize and work together as modules to provide the best solution
This article discusses the three main components of blockchains, and how now a variety of chains can specialize and come together to more efficiently tackle the trilemma
TL:DR; TempleDAO is creating the middle ground between insanely speculative tokens and stablecoins by providing a safe haven that reduces volatility, but still provides significant yield on your assets
As always this is NOT FINANCIAL ADVICE, but rather my OWN OPINIONS on TempleDAO and the brilliance of what they're trying to achieve.
I recommend all to DYOR by following their twitter @templedao, joining their discord, and reading their medium posts etc.
🅰️Problem statement
You can broadly sort crypto assets into two buckets
Protocol tokens and stablecoins (e.g. TOKE and USDC)
These two extremes represent for the former an extremely volatile asset and the latter an asset that, pegged to USD, loses real value every year
🧵On composability and its value in DeFi for @scribeDAO
TL:DR; Composability allows for the integration of multiple protocols into increasingly innovative and complex products
I noticed a lot of people throw the word composability around a lot, and non-crypto natives probably don't know what that means and why its important especially considering the rise of L2s
I'll try my best to explain the issue in the next few tweets
1⃣ What is composability?
The capability for applications and protocols to leverage each others code in a permissionless manner creating synergistic effects
Essentially one can pick and choose DeFi apps to amalgamate forming brand new financial products
🧵On the importance of community and the pitfalls of progressive decentralization for @scribeDAO
TL:DR; Protocols should focus on building a fiercely loyal community first and let product-market fit come later organically through co-design with stakeholders
Unfortunately I cannot find the original author on twitter, but if anyone knows him/her/they please tag below!
1⃣ Pursuance of product market fit
Crypto can seem analogous to startups and thereby the focus of protocols tends to default to product-market fit as they progressively decentralize over time
Thus protocols sometimes focus on building for the community and not with them
TL:DR; TokeMak solves for misaligned incentives within LM through providing sustainable liquidity to DeFi by means of an aggregation of LP rewards and the deployment of those rewards by the protocols LDs
As always; this is NOT FINANCIAL ADVICE. This only reflects my own synthesis and understanding of previous work by @Archer_MD_ , @LiquidityWizard , and the team at @TokenReactor.
If I misrepresent anything please feel free to correct me
🅰️ Problem Statement
The demand for liquidity is easily observed throughout the crypto ecosystem. People want to swap between different tokens on varying L1s and L2s and experience/use a variety of protocols
Protocols want liquidity to bring value and usage to their product