agree or disagree for protocol teams?

“The company is the future adversary”

Senior prompt engineer. Shipped on farcaster: @larrybot, @qdau, @frames, @framesfun, /open-frames, farcasterchannels.com, farcaster.id, @mod, @search, @discove

speaker said this was a guiding principle for bluesky/at protocol at setup

I tend to agree

Thinking this through: at the end of the day the company needs to be profitable. Once you have a profit seeking entity* controlling a protocol, credible neutrality goes out the window if the right guardrails are not in place

Curious what the speaker had to say



*not all companies are immediately profit seeking - startups tend not to be until they have found pmf and reached sufficient scale

There’s a middle ground. The real question isn’t about legal entities. It’s about control. Is the project open? Are the incentives between the team & community aligned? Are value capture rules transparent & locked in?

Still, provocation has its place. Movements need rallying cries. Proof? I just said all this off six words.

https://a16zcrypto.com/posts/article/end-foundation-era-crypto/