Chris Powers

@powers

114 Following

58 Followers

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Ahoy! Another week, another batch of hot takes from the wild world of crypto, DAOs, and governance. We’ve got everything from foundation fatigue and Gitcoin drama to Vitalik’s vision for secret ballots and a fresh governance pulse on Solana. Let’s get to it 🧵👇

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Ahoy, somehow we’re already in month five of 2025—which means we only have 55 more months left in the 2020s! Get busy and check out the hot takes from the last week in DAOs, governance, and crypto. Let’s goooo

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Happy Friday - lets get to it with the weekly roundup around the world of crypto, DAOs, and governance This week AI fears, decentralization effectiveness and good ole classic rent extraction. Lets go. 🧵 👇

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Open source development creates an easier and more fair hiring process. If all of our work is public, then we don't have to spend time individually proving it to each potential employer. Limiting the time to hire would be a huge societal gain

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These are the type of things that DAOs and DeFi could fund when traditional distribution channels are captured by political/business interests https://www.nytimes.com/2024/06/14/opinion/the-apprentice-trump-movie.html

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This is pretty cool - each purchase quickens the release time of the album. It's also fun that Martin Shkreli is involved. He plays the villain role nicely https://pitchfork.com/news/wu-tang-clan-once-upon-a-time-in-shaolin-turned-into-nft

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Podcast advertisements are very different when downloaded in a different country. Most of my (English) podcasts have German ads here, except for the daily, which has no ads in Germany! Some form of audience targeting.

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Back at DappCon! I attended in 2019, and wow, crypto (and the world) has changed a lot since then.

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Vitalik shows how clear writing can be digestible by non-technical folks AND enlightening for the technical crowd that wrestles with these issues on a daily basis https://vitalik.eth.limo/general/2024/05/17/decentralization.html

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This Sushi proposal seems awfully fishy. The tldr: Jared Grey and core team: We're under a governance attack! Give us control of $40m in assets Community: wait, no that's cray cray jaredgrey and core team: We'll use the SUSHI in treasury to meet quorum and push the proposal through without drawing much attention

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$90m in tax savings!!! Looks like the tax benefits of Ohtani's contract outweigh the potential inflation losses from delaying the income over decades https://theathletic.com/5406619/2024/04/10/shohei-ohtani-tax-loophole-legislation

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Nashville trying to make sense of this storm right now👇 https://twitter.com/NashSevereWx/status/1775267515142373652

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All this talk of anti-trust and what to do, and decentralization is just sitting there as a meme, ready to be put in the game.

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If only we could get all the major builders in the same group chat... https://twitter.com/hasufl/status/1773074566912377097

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This is a fun take. One thing to add: Using zero-knowlege proofs would be ensure anonymity but also prove to everyone that it was genuine senators and congress people who voted for a bill. https://www.slowboring.com/p/the-take-bakery-anonymous-congress

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If I did have a big gambling problem, I would definitely defer my salary. Just saying https://theathletic.com/5357619/2024/03/20/shohei-ohtani-translator-theft-gambling/ https://theathletic.com/5129506/2023/12/11/dodgers-shohei-ohtani-contract-deferrals/

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The drama seems a lot more intense when referring to Tony Clark as a "Union Boss" https://theathletic.com/5358051/2024/03/20/mlbpa-tony-clark-votes-remove/

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Just remembered when Arca's Jeff Dorman sent this "Request for change at (GNO)", just over 3.5 years ago during dispute with team. He claimed they were squandering tokenholders' resources. That turned out the be very wrong as Gnosis & GNO have excelled. GNO increased 800%+ over 3.5 years, outperforming Bitcoin (33%)

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The underlying problems of the Sushi drama are a lack of operational transparency and a core team without clear accountability - both common problems in the DAO space. Great reporting @camirusso & The Defiant https://thedefiant.io/sushi-community-decries-core-team-deleting-governance-forum-and-ignoring-snapshots

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The Bitcoin anti-central bank approach will be more difficult this cycle after a pretty successful last couple years in central banking (🤞 for the soft landing). Would have been better to have a "monetary policy that can't be manipulated" in March 2020? https://twitter.com/balajis/status/1763804317306503259

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