derek pfp
derek
@derek
My takes on the categories of $SKY critiques I've seen* *๐˜'๐˜ฎ ๐˜ซ๐˜ถ๐˜ด๐˜ต ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜จ๐˜ถ๐˜บ. ๐˜ ๐˜ฅ๐˜ฐ๐˜ฏ'๐˜ต ๐˜ด๐˜ฑ๐˜ฆ๐˜ข๐˜ฌ ๐˜ง๐˜ฐ๐˜ณ ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ๐˜บ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜ช๐˜ฏ $๐˜š๐˜’๐˜ , ๐˜ฏ๐˜ฐ๐˜ณ ๐˜ด๐˜ฉ๐˜ฐ๐˜ถ๐˜ญ๐˜ฅ ๐˜. ๐˜›๐˜ฉ๐˜ฆ๐˜ด๐˜ฆ ๐˜ข๐˜ณ๐˜ฆ ๐˜ฎ๐˜บ ๐—ผ๐—ฝ๐—ถ๐—ป๐—ถ๐—ผ๐—ป๐˜€ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ข๐˜ณ๐˜ฆ ๐˜ฏ๐˜ฐ๐˜ต ๐˜ญ๐˜ช๐˜ฌ๐˜ฆ๐˜ญ๐˜บ ๐˜ต๐˜ฐ ๐˜ฃ๐˜ฆ ๐˜ด๐˜ฉ๐˜ข๐˜ณ๐˜ฆ๐˜ฅ ๐˜ฃ๐˜บ ๐˜ฎ๐˜บ ๐˜ง๐˜ฆ๐˜ญ๐˜ญ๐˜ฐ๐˜ธ ๐˜ฑ๐˜ข๐˜ณ๐˜ต๐˜ฏ๐˜ฆ๐˜ณ๐˜ด. ๐—Ÿ๐—ฎ๐—ฐ๐—ธ ๐—ผ๐—ณ ๐——๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜€๐—ถ๐˜๐˜† I don't believe in quotas. And I believe that diversity is more than external appearance, gender or otherwise. But this is a real short-sighted failing. I'm guilty, and I'm sorry. I will speak for myself and say that I'll strive to do better here. ๐—–๐—ฎ๐—ฏ๐—ฎ๐—น ๐—”๐—ฐ๐—ฐ๐˜‚๐˜€๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€ Cabal in modern parlance is just a midcurve word for what's referred to as mafias (Paypal, YC, etc.) in SV. Short of a solo-founder doing a fair-market launch (like $NATIVE), this will be a perennial barb. That said, a true cabal would not be as visible as this group is. You know who's in it. You know how it works. The docs are available on day one. It's a token on the open-market. Yes, it took pre-meditated coordination and planning that didn't involve posting every decision to the feed (see: DAOs, Rainbow's M&A department, etc.). But that's how the real world works. ๐—ง๐—ต๐—ฒ ๐—ก๐—”๐—ฉ ๐— ๐—ผ๐—ฑ๐—ฒ๐—น Very fair sets of questions here. My assessment in joining $SKY was primarily around this. My answer? The NAV model, especially when tokenized, aligns our incentives with founders and token-holders from Day Zero. It puts the onus on us to a) pick great projects with plenty of room to grow and move the needle for our entire space and b) help add value to those projects through effort and elbow grease.
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sparkz pfp
sparkz
@jacy
thank you derek, for being vulnerable enough to publicly acknowledge a weak spot. appreciate this POV - it's what real leadership looks like. i won't be supporting any sky projects personally, but i will always support you and Native. go hawks.
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Darkoh ๐Ÿƒ๐Ÿ’จ pfp
Darkoh ๐Ÿƒ๐Ÿ’จ
@darkoh.eth
people calling this a cabal launch clearly have never lost a lot of money in solana trenches launched by actual cabals this is why i only trade on base in 2025
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Leo pfp
Leo
@leohenkels
I wouldโ€™ve bought if it was a fair launch - imo incentives are always misaligned in the long term without a fair launch. Would like to chat more about this tomorrow on our call. $META on Sol has done a really good job at true legal fair launches.
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MJC pfp
MJC
@mjc716
> The NAV model, especially when tokenized, aligns our incentives with founders and token-holders from Day Zero ...this could just be achieved by holding the portfolio, no? the issue with the current nav/buyback model is that it will drain the treasury very quickly
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Brye pfp
Brye
@brybrye.eth
I believe in @derek ๐Ÿซก
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eirrann | he/him pfp
eirrann | he/him
@eirrann.eth
Good on you for owning the fail Next step: be the catalyst that fixes it It's not a cabal and looks like it can be a good force in the space Make it that way https://farcaster.xyz/eirrann.eth/0xa4e885ac
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