Shakti Goap
Blog iconShreyas Hariharan
May 11
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...

Most popular by Shreyas Hariharan

How to Structure a Protocol's Treasury

How to Structure a Protocol's Treasury

Shakti Goap

Shakti Goap

Pseudonymous Reputation

Pseudonymous Reputation

Investing as Entertainment

Investing as Entertainment

Crypto and Society

Crypto and Society

Asset Light in the Physical World. Asset Heavy in the Digital World.

Asset Light in the Physical World. Asset Heavy in the Digital World.

Shreyas Hariharan

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helloshreyas

How crypto will reorient society

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How to Structure a Protocol's Treasury
Blog iconShreyas Hariharan
Mar 10
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
Blog iconShreyas Hariharan
Feb 11
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.
Blog iconShreyas Hariharan
Jan 28
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
Blog iconShreyas Hariharan
Jan 18
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 Identity
Blog iconShreyas Hariharan
Jan 11
"If we are going to pursue biological longevity, we should allow a diversity of lives to be lived." - GPT3. I am many people. I’m funny with some, quiet with some, bold with some, nerdy with some, restless with some. We play a different role in different environments. That’s why new places and new friends are valuable. A part of yourself is completely unexplored till you meet a particular person or go to a particular place. What about online? Pseudonymous identities let you traverse the inter...
Crypto Community Treasuries
Blog iconShreyas Hariharan
Jan 11
Crypto treasuries are typically thought to be transparent. But if a community member needs to spend several hours digging through Etherscan, Snapshot, and Discourse to get a summary of the treasury’s activities over the past month, is the transparency useful? A crypto community treasury consists of crypto assets in a wallet owned and operated by the community. It is like a community savings account with assets in crypto (not fiat), typically held in a multisig wallet (not a bank account), man...
Social Tokens
Blog iconShreyas Hariharan
Jan 11
We’ve had an explosion of online communities. Social tokens add a monetary layer to these communities, which can help distribute ownership, improve governance, reward active contributors, and much more. I like an analogy that Eric Ruleman came up with in a conversation - being involved in a social token community feels like running a college club that could scale to nation-state. Social tokens are crypto tokens issued by individuals or communities that represent ownership in and value provide...
Crypto and Society
Blog iconShreyas Hariharan
Jan 4
We have tools to communicate with billions of people but our tools to coordinate with people haven’t kept up with this. It has been over twelve years since Satoshi published the Bitcoin whitepaper. Since then, we’ve had several successful experiments in human coordination. It is clear to me that crypto will re-orient society. It will affect how people think, feel, and live. It was easy to predict the automobile in 1880; it was difficult to predict the traffic jam. For a technology to affect t...