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JP Vergne
8.1K posts
JP Vergne
@PirateOrg
Researching Technology & Organization ✪ Web3, DAOs ✪ Book 'The Pirate Organization: Lessons from the Fringes of Capitalism' ✪ Prof @UCL
London 가입일 Haziran 2012
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JP Vergne 리트윗함
This is the math which millennial and younger generations have intuited in their adulthoods.
In Asia, the last generation built wealth through real estate. But the gains are gone, and there are no scale accessible assets with scale and upside available to this generation. ie Seoul, Beijing, Shanghai.
In the West, taxes are up only while markets stay private for ever longer, so wealth creation becomes elite only. Capital formation exists only for those who already have capital.
When the current generation has little skin in the game, they go populist. There’s no downside to “tearing down” the existing system.
sam lessin 🏴☠️@lessin
You mathmatically can't compound your way to wealth anymore... 20 years, 7% returns, 3% inflation, 40% taxes -- best case you 1.5x your investment. That is why the kids YOLO it... plain and simple.
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@hanno_sauer @victorckumar "The Rebell Sell" has been one of the most influential books I read during my PhD years. It asks all the difficult questions and puts all ten fingers where it hurts. It's brutally hilarious, too.
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@victorckumar i woudl recommend his books the rebel sell, filthy lucre, and enlightenment 2.0, anything on the market failures theory of business ethics, eg morality competition and the firm and ethics for capitalists. i also enjoyed: Heath, J. (2004). Liberalization, modernization,
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On becoming less left-wing
I can date when I started to become less left-wing with unusual precision, to March 2013. Two things happened, virtually at the same time: first, I started my first assistant professor position. One of the classes I had to teach was business ethics. I
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@CoinCards @binance cypherpunkwashing, classic PR for "Big Crypto"
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Fun Fact: @binance sent us a cease and desist notice because we created an open-source payment plugin for their portal when they refused to create one.
Now they are larping about bringing back cypherpunks...
Binance, Cypherpunks never left, and you were never among them.
Binance.US 🇺🇸@BinanceUS
bring back the cypherpunks!
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I’m digging this concept of “groupcore” from Metalabel.
-A pattern of coordinated action that mixes collective achievement, personal growth, and meaningful work.
- A labor model like open source where anyone can join.
- Happens when individuals pursue a form of cooperation that preserves autonomy, distributes authorship, and creates emergent value no one individual could foresee alone.
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@ant1germain Great work and great storytelling, well done and best wishes for the JM!
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I am on the #EconJobMarket !
My JMP evaluates what happened to these workers⏬
This is a coal mine in Belgium 🇧🇪 in 1907.
They are working more than 10 hours per day.
Then, the government imposed a maximum 9h workday.
What happens to wages and employment?
A JMP🧶(1/12)
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JP Vergne 리트윗함
Reminder that Peter Thiel is, to put it mildly, not a cypherpunk
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JP Vergne 리트윗함
The answer is simle: Marc Zeller.
AAVE stands out as one of the rare DAOs that resembles executive-led organizations.
Many DeFi protocols faced challenges when founder-led projects transitioned to the DAO model while their founders semi-retired. AAVE successfully navigated this transition because it had a leader capable of steering the ship.
DAOs are destined for failure unless people stop ignoring the accumulated corporate governance experience and best practices. DAOs can only survive if they resemble corporate organization schemes and prioritize the advantages of on-chain governance, such as adaptability and transparency, rather than ‘decentralization of governance,’ which can lead to anarchy and political infighting for resources, ultimately draining the system of its vitality.
RYAN SΞAN ADAMS - rsa.eth 🦄@RyanSAdams
Almost every DAO i've seen has failed. People say DAOs can never work, that the structure is flawed, and it's hard to make the case they're wrong. And yet there's Aave. Almost 70% market dominance and growing. Their DAO actually seems to work. Explain that.
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JP Vergne 리트윗함
JP Vergne 리트윗함
Do you want to take your startup to the next level?
Apply to our Hatchery incubator programme!
The Hatchery is a 2-year incubator programme for UCL students and graduates, located at BaseKX, UCL’s dedicated entrepreneurship hub in King’s Cross: bit.ly/3CvkVa6
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JP Vergne 리트윗함
Are you ready to transform your startup into a business? 📈The Hatchery incubator programme is open for applications.
The Hatchery is @ucl's incubator providing the co-working space, advice and connections you need to succeed!
Apply by 07 September➡️ bit.ly/3CvkVa6
UCL Innovation & Enterprise@UCLEnterprise
Applications closing soon for our Hatchery incubator programme! 🚨
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DAOs are dead, long live DAOs?
I said for some time now that DAOs have failed. The governance innovation is negative, they are regressing. They are a hotbed for financial chaos and bad actors.
However, the idea internet-native companies is good.
Time to build now?
1/
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@NiklasAnzinger Yup, agreed! Most DAOs keep converging toward the public corporation, except they're web-native.
Adding to your insights:
x.com/raphbaph/statu…
x.com/samanthajmarin…
Soon enough, crypto funds will do most of the voting (similarly to "institutional investors").
Samantha Marin@samanthajmarin
The @0xPolygon governance team recently published a research report on voter behavior in web3 There were tons of interesting insights about financial incentives in governance and a bit of crazy math (as u can see below) A lil 🧵breaking down their points with some responses
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@SilviaHedley This place with the fortress? 😮 en.m.wikipedia.org/wiki/Oscarsbor…
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I’m going to a conference on an island, so I thought I’d bring a pirate book along!
@PirateOrg 🏴☠️🫶
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JP Vergne 리트윗함
we hijacked microsoft's copilot studio agents and got them to spill out their private knowledge, reveal their tools and let us use them to dump full crm records
these are autonomous agents.. no human in the loop
#DEFCON #BHUSA @tamirishaysh
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@Quest4TheSnark It was a comment on the way governance unfolds, not one about whether the decision ultimately made is right or wrong. There is no principle guaranteeing that decentralized governance will always reach an optimal outcome.
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It's an illustration of the bad guys winning unfortunately. It's when BTC departed from Satoshi's vision and became unsuitable for p2p cash.
We're nearly 10 years later and lightning is still difficult to use and not universally deployed. If the goal was to make Bitcoin thrive they would've bumped the block size once or twice while working hard to get 2nd layer solutions actually working well.
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Here's a wonderful illustration of what decentralized governance of an autonomous organization looks like in practice ↙️
JAN3@JAN3com
Did you know Bitcoin nearly failed! 😨 Staying decentralized hasn’t been easy, and we’ll tell you why. This is the story of UASF and Bitcoin Independence Day. 👇🧵
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JP Vergne 리트윗함
That’s what I use Nostr for.
No algorithm or make-your-own algorithm. And it’s a protocol rather than a platform, so anyone can build on it.
robyn@_robyn_smith
I feel like there's a huge opportunity for a "no algorithm" social media platform
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