eth.limo
The End of My Childhood
The author reflects on their experiences in the crypto space and how it has evolved over the years. They discuss the changing nature of their own identity and thinking, as well as the broader shifts in the world around them. They highlight the need for the crypto space to go beyond finance and create a more holistic, decentralized tech stack. The author also emphasizes the importance of understanding the motivations and dynamics of different actors in the crypto space to foster better cooperation and appreciation.
The main cause of this shift is that I spent a significant part of the first five years of my crypto life trying to invent the mathematically provably optimal governance mechanism, and eventually I discovered some fundamental impossibility results that made it clear to me that (i) what I was looking for was impossible, and (ii) the most important variables that make the difference between existing flawed systems succeeding or failing in practice (often, the degree of coordination between subgroups of participants, but also other things that we often black-box as "culture") are variables that I was not even modeling. (View Highlight)
After I made that post, some readers reminded me that a major missing piece from this stack is democratic governance technology: tools for people to collectively make decisions. This is something that centralized tech does not really even try to provide, because the assumption that each indidvidual company is just run by a CEO, and oversight is provided by... err... a board (View Highlight)