Leighton

Jan 12

Governance is dead, long live TOKENS

Governance is dead, long live TOKENSA popular trend kicked off by the Compound Protocol in the Spring of 2020 was governance tokens for DeFi protocols. The dream of governance tokens was a beautiful ideal. Simply by using a protocol, you would automatically and freely receive ownership of it. Decision making around the protocol would be decentralized allowing thousands and ultimately millions to have their say and vote on changes to the protocol. But the reality of governance tokens hasn’t li...

Leighton

Jan 29

Not Companies, Not DAOs But a Third More Secret Thing

Crypto Protocols are a new way of providing services. They provide services autonomously without the need to rely on any person or company. This makes them more efficient, scalable, and fair than alternative options. Crypto Protocols are the most important innovations in the last 200 years. They are also deeply misunderstood. The thinking models of companies are being incorrectly applied to protocols. And more recently, the ill-defined term “DAO” is being incorrectly applied to crypto protoco...

Leighton

Feb 18

Ethereum is Venice

Today we know Venice as a tourist destination but 500 years ago it was a trading empire. The Republic of Venice specialized in seafaring trade. Their boats sailed the world, securely moving goods from cities like Acre, Alexandria, Constantinople and back to Venice and other Adriatic ports. Venice succeeded for the same reason all trading empires do, they provided settlement of goods that was cost effective, secure, and neutral. Whether Muslims, Jews, or Christians the Venetians would carry th...