Nicholas pfp
Nicholas
@nintynick.eth
amazing mechanism design for Onchain Capital Formation โ€” unruggable, accountable, and unlocks max funding for builders from @spengrah.eth, who is always way ahead of the pack https://daohaus.substack.com/p/community-contribution-opportunity
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Adam pfp
Adam
@adam-
Respect to hats protocol, but we're now 3 years removed from this thesis. Why do you think it hasn't caught on and become the dominant form of onchain coordination?
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Nicholas pfp
Nicholas
@nintynick.eth
Because the cost of coordination via onchain mechanisms remains too high. The first principles thinking is still the same
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1 reaction