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DennisonBertram
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Folks are going to be pretty surprised when this time next year it's the US government that's defining decentralization.
Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé.
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DennisonBertram
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Just pulled a grail Check out my Uniswap trading card 🦄 [drop yours here ‒ X won't let us do it for you 😢]
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1/ Just read @jchervinsky and @variantfund's thoughtful piece on "Tokens Versus Equity" - a framework for how crypto founders should think about value accrual in the new regulatory environment. Core thesis: tokens for onchain value, equity for offchain value. Thread: 🧵
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11/ The most compelling insight: users value ownership, not governance. They want to own valuable onchain infrastructure, not vote on parameter changes. This suggests protocols should optimize for sustainable value capture mechanisms rather than complex governance systems.
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12/ Final thought: We're entering a new experimental phase for crypto. The old playbook of "launch token, walk away, hope DAOs figure it out" is dead. The future belongs to founders who thoughtfully design value flows, minimize governance, and maximize tokenholder ownership. /end
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6/ The "governance minimization" point resonates: automate everything possible, delegate specific powers when needed, but ensure tokenholders retain ultimate control. Purpose-built structures like Wyoming DUNAs and tools like BORGs can help execute this vision effectively.
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