Investing @multicoincap to enhance human & machine coordination.
opinions are my own / not a solicitation / not an offer for investment advisory services
Sep 17, 2022 • 9 tweets • 1 min read
1/ Haven’t done a thread on Bitcoin for like forever. So here it goes.
It is possible to have the following thoughts in your head at the same time (time frame - 20 years)
2/ Bitcoin will continue to be the most dominant SoV asset
Feb 17, 2022 • 20 tweets • 3 min read
1. Thoughts on why Web3 organizations (DAOs) would become the most prominent way how humans and machines organize.
And why, Web3 while monumentally disruptive, is just the next chapter in the bigger story of the Internet.
2. Businesses are run by communities. Previous forms of organizations had walled-garden communities. People inside the circle had a say on the direction of the business. People outside the circle did not. That was not because insiders were always malicious.
Sep 13, 2021 • 25 tweets • 4 min read
Another long thread on DAOs.
There would be millions of miniDAOs. They would come together to form composable and modularized bigDAOs that would have millions of people working for them.
Thread 👇
1/n
Web3 is the evolution of internet where value flows are native to the network.
2/n
Sep 8, 2021 • 14 tweets • 6 min read
I spent some time thinking about @nounsdao - the concept, the possibilities and a bunch of open-ended questions.
This is by far one of the wildest projects I have seen in a while. I mean it in a good way. Imo, the vision is audacious.
A short thread below.
1/n
What is @nounsdao?
- NounsDao is an on-chain avatar project with a treasury.
- Treasury receives proceeds by auctioning off avatars.
- NounsDAO then uses this treasury to fund creators/developers to build on top of these avatars.
2/n
Sep 1, 2021 • 15 tweets • 3 min read
1/ A long thread on why DAOs are the next logical step in our history and would bring incredible prosperity.
Assertion: Crypto innovation cycle culminates in coordination mechanisms that would be orders of magnitude better than the status quo.
2/ According to The Theory of The Firm, one of the reasons why “firms” came into existence was because transaction/coordination costs outweighed the benefits of using free markets.
Jan 15, 2021 • 10 tweets • 6 min read
IMPORTANT CONCEPT
1/
Please understand that #Bitcoin is a "non-productive" asset i.e. it is not a capital asset.
In the steady state (~decade?), it should be treated as the "cash" component of your portfolio.
Just like you treat(ed) fiat for the last 50 years.
2/ Bitcoin is NOT a get rich quick scheme. It is a get poor slowly scheme.
Previously, gold did that but fell short in the "medium of exchange" use case in the digital world. You cannot transact online with your gold.
1/ This is an excellent piece on (Yearn) by @RyanWatkins_ . Anyone who is looking to understand what is going on with YFI and yield farming, should absolutely give it a read.
Thread below 👇
2/ There are multiple protocols providing yield (returns) on the capital that you lend. These yields are varying from one protocol to the next. automates & optimizes lending such that you can earn maximum value on your capital without researching each protocol. #roboadvisor
