Vitalik Buterin pfp
Vitalik Buterin
@vitalik.eth
The skiff situation is a good reminder of why decentralized ecosystems are so valuable. Challenge question @dwr.eth @v : how far along is Farcaster in this regard? If hypothetically your team got acquihired by Facebook (or Tencent, or...) tomorrow, how well would the ecosystem be able to keep going?
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Varun Srinivasan pfp
Varun Srinivasan
@v
assume malicious acquirer. for ecosystem to survive intact would need: 1. decentralized contracts 2. decentralized hub network 3. easy to use client with 80% warpcast parity 4. good steward for protocol governance.
3 replies
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Varun Srinivasan pfp
Varun Srinivasan
@v
decentralized contracts i'd give us a 4/5. would be able to decentralize control in a day or two. problem is (4) or finding the right stewards
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Varun Srinivasan pfp
Varun Srinivasan
@v
decentralized hub network i'd give us a 5/5. works very well right now, several hundred hubs running in production. easy to understand codebase etc.
2 replies
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Varun Srinivasan pfp
Varun Srinivasan
@v
easy to use client i'd give us a 1/5 right now. lots of teams working on this, but still early. if warpcast disappeared tomorrow, it is plausible that a lot of users would churn before a replacement emerged.
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Varun Srinivasan pfp
Varun Srinivasan
@v
good stewards i'd give us a 2/5 here. we have the talent but not the governance process to ensure that decisions happen with high quality and speed. fixable problem, but isn't fixed today.
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Michail / Opium Hum / Hyper Real pfp
Michail / Opium Hum / Hyper Real
@opiumhum
What would be a 5/5 example of good protocol governance and stewardship to you?
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Varun Srinivasan pfp
Varun Srinivasan
@v
ethereum community is the best ive seen so far - sufficiently flexible process to encourage creativity - lots of smart, high quality thinkers working on the core - makes good progress (especially in the last 2-3 years)
1 reply
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Michail / Opium Hum / Hyper Real pfp
Michail / Opium Hum / Hyper Real
@opiumhum
True! I hope farcaster can achieve the same level of critical thinking and quality within the community thats invested in it's governance!
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