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Shakti Goap
Shakti Goap, who is the founder of Devfolio and ETHIndia, passed away few days back due to COVID.His passing away makes me sad. You know how when you talk to someone you can instantly feel strong resonance? I felt that with Shakti.Shakti might be gone, but his ideas, values, and energy should persist. He gave time and attention to young people before anyone else validated them.He was kind and full of energy. He was helpful to me when I was getting started. He generously introduced people in t...
Shakti Goap
Shakti Goap, who is the founder of Devfolio and ETHIndia, passed away few days back due to COVID.His passing away makes me sad. You know how when you talk to someone you can instantly feel strong resonance? I felt that with Shakti.Shakti might be gone, but his ideas, values, and energy should persist. He gave time and attention to young people before anyone else validated them.He was kind and full of energy. He was helpful to me when I was getting started. He generously introduced people in t...
How to Structure a Protocol's Treasury
How should a protocol like Uniswap or Compound structure its treasury? This post covers the principles of protocol treasury management, fiscal policy, asset allocation, ways to diversify the treasury, and responsibilities of a treasury committee.Credit: [DeviantArt](https://co.pinterest.com/pin/799740846299206540/)Principles of treasury management Infinite time horizonThe treasury should be structured to exist in perpetuity.There should be no time preference, i.e. no preference given to fundi...
How to Structure a Protocol's Treasury
How should a protocol like Uniswap or Compound structure its treasury? This post covers the principles of protocol treasury management, fiscal policy, asset allocation, ways to diversify the treasury, and responsibilities of a treasury committee.Credit: [DeviantArt](https://co.pinterest.com/pin/799740846299206540/)Principles of treasury management Infinite time horizonThe treasury should be structured to exist in perpetuity.There should be no time preference, i.e. no preference given to fundi...
Investing as Entertainment
There is a primal demand for extreme sports type thrills in finance. This includes cryptocurrencies, Tesla stock, S&P put options, and liquidity mining. Investing is a form of entertainment like riding a roller coaster or watching a horror movie. The ticket fee you are paying is in the form of possible investment losses. Invest your money to save to buy a house, send your kids to college, save for retirement, blah blah blah. Sounds boring. Buy a call option on AMC Entertainment for $300 to ma...
Investing as Entertainment
There is a primal demand for extreme sports type thrills in finance. This includes cryptocurrencies, Tesla stock, S&P put options, and liquidity mining. Investing is a form of entertainment like riding a roller coaster or watching a horror movie. The ticket fee you are paying is in the form of possible investment losses. Invest your money to save to buy a house, send your kids to college, save for retirement, blah blah blah. Sounds boring. Buy a call option on AMC Entertainment for $300 to ma...
Asset Light in the Physical World. Asset Heavy in the Digital World.
This essay was published on Forefront. Crypto is partly a resistance to the decline in ownership. Home and car ownership have declined. Digital goods are rented on platforms. Software is licensed via subscriptions. But you actually own the private keys to your crypto. That opens up a universe of internet-native assets that you can own and control. These include digital art, media, online communities, video game collectibles, and many other things we haven't created yet. NFTs A non-fungib...
Asset Light in the Physical World. Asset Heavy in the Digital World.
This essay was published on Forefront. Crypto is partly a resistance to the decline in ownership. Home and car ownership have declined. Digital goods are rented on platforms. Software is licensed via subscriptions. But you actually own the private keys to your crypto. That opens up a universe of internet-native assets that you can own and control. These include digital art, media, online communities, video game collectibles, and many other things we haven't created yet. NFTs A non-fungib...
Pseudonymous Reputation
How do you build a pseudonymous reputation that is not tied to any particular platform and portable across platforms? The only satisfactory answer today is building a reputation based on your on-chain history. There are three components of a pseudonymous economy: identity, reputation, and dispute resolution. This essay will focus on reputation.Building a Pseudonymous Reputation As soon as you create an address, you start building your on-chain reputation associated with that address. Any tran...
Pseudonymous Reputation
How do you build a pseudonymous reputation that is not tied to any particular platform and portable across platforms? The only satisfactory answer today is building a reputation based on your on-chain history. There are three components of a pseudonymous economy: identity, reputation, and dispute resolution. This essay will focus on reputation.Building a Pseudonymous Reputation As soon as you create an address, you start building your on-chain reputation associated with that address. Any tran...
