The Crypto Industry must become a mission-focused industry.
Wasting time on issues not directly related to the mission of the crypto industry is a short-lived false luxury of bull markets.
But the bear market is back and devs are in jail.
Time to get serious again.
Wasting time on issues not directly related to the mission of the crypto industry is a short-lived false luxury of bull markets.
But the bear market is back and devs are in jail.
Time to get serious again.
Dear noobs (anyone who got into crypto since 2020),
Know that *most* of the history of crypto has been bear markets (punctuated by very intense but short-lived bull markets),
as well as *explicit concern about how crypto will be censored/resisted by the powers that be*.
Know that *most* of the history of crypto has been bear markets (punctuated by very intense but short-lived bull markets),
as well as *explicit concern about how crypto will be censored/resisted by the powers that be*.
There's been lots of good discussion lately on how we need to harden the full dapp tech stack. 💯
Good time to remind ourselves we also have to harden the social stack.
Good time to remind ourselves we also have to harden the social stack.
Dapps aren't simply static tech that build & maintain themselves. This obviously requires communities of ppl.
Do those communities have a strong social consensus on a clear set of values and a narrowly defined mission? If not, they'll crumble when trouble comes.
Do those communities have a strong social consensus on a clear set of values and a narrowly defined mission? If not, they'll crumble when trouble comes.
For the first decade or so of crypto, this was a given via self-selection, and we couldn't afford to be distracted anyway.
But big gainz, gaming, & esp NFTs have brought in a new crowd.
But big gainz, gaming, & esp NFTs have brought in a new crowd.
In some ways that's good! Web3 is for everyone and we want it to spread to the whole world.
But it's also has meant that *a large number of ppl who don't share those values or mission have entered the space*.
Fine, but insofar as they exert influence this can be a problem.
But it's also has meant that *a large number of ppl who don't share those values or mission have entered the space*.
Fine, but insofar as they exert influence this can be a problem.
Note that a project/community can lose its way in at least two ways:
a) Directly rejecting a core value
b) **Getting distracted by other missions (even if worthy), which dilutes, slows down, or otherwise obscures the mission, making it more difficult to achieve.**
a) Directly rejecting a core value
b) **Getting distracted by other missions (even if worthy), which dilutes, slows down, or otherwise obscures the mission, making it more difficult to achieve.**
This can happen via changing norms in dev communities, which affects *what tech gets built and/or maintained.*
Also in a direct way via who acquires voting power (*esp during the bear market when prices are cheap*) in DAOs that have power over protocols and massive treasuries.
Also in a direct way via who acquires voting power (*esp during the bear market when prices are cheap*) in DAOs that have power over protocols and massive treasuries.
This means that yes crypto has a built-in ideology to a certain extent.
It isn't fully expansive (e.g., there's no "crypto view" on what marginal tax rates should be), but it does have some content (e.g., financial freedom from censorious middle men is good).
It isn't fully expansive (e.g., there's no "crypto view" on what marginal tax rates should be), but it does have some content (e.g., financial freedom from censorious middle men is good).
This also means crypto ideology *isn't* certain things.
Crypto is not here to solve every problem in the world, no matter how worthy the cause is.
**Don't try to wield our limited resources for issues not directly on-mission. We simply don't have the resources to spare.**
Crypto is not here to solve every problem in the world, no matter how worthy the cause is.
**Don't try to wield our limited resources for issues not directly on-mission. We simply don't have the resources to spare.**
By being explicit about what we are working on and what we are not working on, this should be mostly "enforced" by self-selection.
But we should also stand our ground when ppl try to make crypto into something it's not.
And then get back to working on the core mission.
But we should also stand our ground when ppl try to make crypto into something it's not.
And then get back to working on the core mission.
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