Nick Almond Profile picture
PhD in Physics. Learning Theorist. Governance Designer. Head of Governance Jito. Chief Scientist Factory Labs. All tweets are just my opinion.
May 26 15 tweets 9 min read
I have bagged a copy of V’s slides from yesterday’s @EthIreland DAO talk 👀.

Let’s rip through them 👇 Image Firstly, this is my attempt at parsing these. I was not there. I was sleeping off being awake for 2 whole days and a skin full of Guinness

So fair warning, my opinions may diverge substantially from Vitalik’s.
Dec 1, 2022 4 tweets 1 min read
My life changed significantly during / after the pandemic Only if you voted “Yes”

My life change for the better
Dec 1, 2022 4 tweets 2 min read
Hey @SBF_FTX,

How much of the fully unlocked

Team
FTT liquidity Pool
Ecosystem Fund
Safety Fund
Insurance Fund Insurance (?)

$FTT did you sell into the market?

How much user funds did you throw into this market defending the price floor? Who are the “other investors”? 51%
Nov 30, 2022 31 tweets 11 min read
Ridiculous Moments in Crypto: Part 3

You thought crypto couldn’t get more ridiculous. Think again.

I really thought the last wave of insanity was the final act for this cycle, but far from it.

Here’s a round up of all the nonsense that’s happened since 🧵👇: Image 2/ Part one and two here if you missed them. 👇

All of this is just my satirical opinion.

Onwards
Nov 23, 2022 24 tweets 8 min read
The Crypto Rug Pull Megathread

Might as well get the rest of the crypto skeletons out of the closet 💀💀💀

Here’s my compendium of rug varieties I’ve uncovered in my research over the last few years.

TL;DR it’s rugs all the way down 🧵👇 2/

Getting rugged in crypto is now so common it’s been entirely normalised.

25% of people in my bubble have been rugged “Loads of Times” 😱
Oct 31, 2022 4 tweets 2 min read
According to this research 97.7% of tokens launched on @Uniswap were rugs.

arxiv.org/pdf/2201.07220… They really should have gone with “don’t rug me bro”
Jul 20, 2022 37 tweets 9 min read
Technology Adoption and the Crypto a Rabbit Hole 🐇🕳

A🧵on why we adopt technologies and the role of the wider space in driving forward the mass adoption of crypto. 👇 Midjourney generated image: heading down the crypto rabbit h 2/

One of the most important things to understand in crypto, as a builder, investor or user is technology adoption.
Jul 3, 2022 10 tweets 2 min read
The classic regulatory capture attack. 👇 1/

Enter nascent unregulated industry.

Be early, be lucky, be aggressive.

Make hay while the sun shines.
Jun 26, 2022 35 tweets 12 min read
Ridiculous Moments of the Crypto Cycle: Part 2

Ok, I missed some pretty major ones in the last thread. Buckle up for some more crypto crazy.

👇🧵 2/ This time powered by collective intelligence.

Thanks to everyone that made suggestions in the last thread, which you can check out here if you missed it:
Jun 19, 2022 28 tweets 8 min read
This crypto cycle was even weirder than the ICO frenzy of 2017/18.

Here’s my pick of the most ridiculous moments of this cycle.

TL;DR We deserve everything we got. 👇 2/ Food Farms

the bull run began with the emergence of a new cryptoeconomic primitive “liquidity mining” a ground breaking utilisation of DEXs and smart contracts to incentivise socialised market making.
Jun 19, 2022 5 tweets 1 min read
A DAO governance proposal (their first one) for the Solana DeFi project highly exposed to a whale to take over their position and liquidate them. This exposes that the project has the ability to manually manipulate users positions.

More DeFi management keys.
Jun 16, 2022 5 tweets 1 min read
There’s a reason why people get SO into crypto that the anti-crypto crew don’t get.

People love chasing up only dreams because the IRL system is oppressive and shit.

The crypto markets are often the first time people have been exposed to the possibility of freedom. It was shit for millennials and even shitter for GenZ

Not excited about grinding in a shit job for 40 years to escape debt you accrued to buy a place to live? What’s wrong with you?

Of course people are going to look for alternative games to play.
Jun 16, 2022 4 tweets 1 min read
(W)oof

theblock.co/post/152538/te… $87 billion damages. Ok lad. Image
May 26, 2022 23 tweets 5 min read
A framework for understanding power in DAOs👇 Image 2/ “A DAO is different to a traditional organisation, because power is distributed far more widely and in radically different ways.”

This is what makes DAOs different. It’s a radical new way of distributing power in an organisation using decentralised tech.
Feb 22, 2022 27 tweets 5 min read
A step by step explanation of DAOs.

From lizard brain 🦎, to galaxy brain 🧠 .

👇🧵 [1 - 8], (1/26) Level [1]: the next thing after NFTs

1/ If you like JPEGs you’re gonna love DAOs, no need to know anything else, it’s the next big thing.

Prepare to ape 🦍
Jan 10, 2022 12 tweets 3 min read
This Bitclout thing is actually worse than I thought (unbelievably). The sign in with Google option just copies your seed to Google drive. A terrible practice and the argument here is it’s good for the users. It isn’t. The real goal is.. to grease the adoption curve, making it easy for normies to slide into the Bitclout box and buy their token and then “creator coins”, which were pushed up to the top of a ponzi bonding curve days after the platform launched.
Jan 9, 2022 15 tweets 3 min read
This is how you critique Web3!

Most of this is entirely fair, but there is a few things I slightly disagreed with, or rather thought were overly pessimistic. 👇 People don’t run servers and the centralising influence of infura:

true, people don’t want to run their own servers and don’t really care about accessing centralised APIs, but the protocol developers do. So much of the next iteration of Ethereum aims to solve these problems.
Jan 5, 2022 18 tweets 1 min read
What might a Web3 social media app look like? 👇 Your identity is sovereign. No one can take it away, or your voice.
Jul 18, 2021 16 tweets 3 min read
DAOs are the next major hype cycle after NFTs. Here’s why 👇 2/ DAOs are another cryptoeconomic primitive and every major one has had a major hype cycle. Bitcoin → forks → tokens / ICOs → liquidity mining / money markets (DeFi summer) → NFTs → DAOs (next up).
Jul 16, 2021 9 tweets 2 min read
The continuum here is essentially order vs chaos. Centralisation vs decentralisation. Total order is a single person controls everything. Absolute dictatorship. And at the opposite end you have total anarchy. Neither extreme is desirable. The issue is that our means of ordering has predominantly been through centralising power. If not dictators, then closed systems of power, immovable hierarchies, monolithic institutions. More recently financial centralisation. Control the markets, control the world.
Jul 15, 2021 9 tweets 2 min read
Can we just agree that the concept of left and right is just meaningless now. It’s extremism that’s bad. Saying crypto is “inherently right wing” is like saying “hammers are communist”. It’s logically incoherent. If you align to any kind of ideology, you’re selectively brainwashing yourself. Choosing what blinkers you want to wear. Then social media will guide you to your echochamber. Help you follow people that you agree with. Help you to wind each other up. Radicalise you.