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If anyone is interested in this topic, I'd love to collaborate with you! I had a great time presenting on this topic, and looking forward to continue building in this direction.
docs.google.com/document/d/1LO…
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natesuits
1.6K posts
natesuits
@natesuits
@CommonsStack @tecmns I am interested in Civ-Tech, Non-Profit DAO Models, and small-scale digital Public Administration Networks. @Kernel0x Fellow
Katılım Ağustos 2019
627 Takip Edilen816 Takipçiler
"if you aren't happy having $50,000 or $100,000, you are not going to be happy if you have $50 million or $100 million."
-- warren buffett
jords@jords
jords talks about it (pinned tweet) there is no 'enough to stop thinking about money' - it is a complete myth and you won't just arrive at that peace someday the trap here is getting addicted to the newfound ability to generate wealth. especially when you grind for years trying to get smaller numbers then start to see smaller returns generating bigger numbers like everything, the change is internal. naval writes about happiness being the state of not needing more and success being driven by the want for more, it's difficult to choose both imma expand on my thoughts on this in my next substack post, but tldr making more money doesn't suddenly hit a point where you stop thinking about money if anything it can to have a higher impact on your life, some ppl move to countries they never wanted to live in, lose relationships, work harder, avoid paying taxes to hoard more. these can all just as easily be attributed to making too much money rather than too little there is no final end state of happiness or wealth, the want for more scales forever
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@post_polar_ I’m actually a big fan of the Second Foundation (and Third, Fourth, etc.) idea.
IMO, it’s not really about direction, but cultivating the brain trust of the entire social stack that Ethereum has fostered over the years to create conflict oriented consensus.
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some realpolitik thots on the EF:
Tomasz seeded a quite pragmatic generation into the EF. you can see them at events. young, energetic, focused. and people never give the EF credit for its positive ecosystem efforts. but they are there, if you are paying attention.
now, i also disliked the pledge, on principle. and lament the losses of cypherpunk-aligned folks.
that aside, it is crystal clear in the Mandate what the hardline Cypherpunks in control of the EF intend to focus on: ineliminable CROPS at L1, support for CROPS adoptees at higher layers of the stack. this is completely unambiguous in the text (which i was amazed to discover in Prague most people had not heard of or really looked at)
so a reality check: unless you intend to perform a coup at the EF you are not likely to make them budge. there is more chance of my hairline returning than the current EF leadership adopting a a corporate, pragmatist business school revenue-first ETH institutional etc. mindset.
which means that any changes we want to see on that front will have to come from elsewhere. this i think was the implicit message of the Mandate: 'this is our job, the rest is yours.' this could be in the form of the second foundation idea that is sometimes touted. or more emergent efforts. but the answer is not coming from the EF any time soon. in other words, the Mandate is a mirror back at us, ask not what the EF can do for Ethereum (unless its CROPS) but what you can do for Ethereum.
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For those of you who are interested, you can now keep up with @city_sync_ progress as we begin to enter the pilot phase through our new @karmahq_ profile!
karmahq.xyz/project/citysy…
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natesuits retweetledi
@city_sync_ — The City/Sync organizations is responsible for developing, educating, and researching the effective implementation of decentralized public administration frameworks in different cities around the world.
We believe that decentralized public administration is the key to bringing power back to the hands of citizens by giving them the tools to become self-reliant. karmahq.xyz/project/citysy…
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natesuits retweetledi
@city_sync_ kept the City/Sync push moving: Version 1.0 of the web app is nearly ready, pilot cities are lining up in Mexico City and Berkeley, and the project made the top 300 in QBE AcceliCITY. karmahq.xyz/project/citysy…
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natesuits retweetledi
Sometimes, when operating in the field of emerging technology, you run into regulations and policies that limit our imagination toward something better.
When it comes to coordination, the laws around volunteers and incentives need to be challenged.
@city-sync/the-regulatory-roots-of-civic-underproduction" target="_blank" rel="nofollow noopener">paragraph.com/@city-sync/the…
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@llamaonthebrink @NTmoney Sorry! Wasn’t trying to imply you were!
It’s an important topic looking at it in hindsight. Makes sense that programmable $ would be engineered to max returns for capital providers. I wonder if any of those projects would have done it differently if they didn’t need the funding.
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@natesuits @NTmoney Wasn’t really trying to defend
I was trying to highlight that the post wasn’t about the behaviour of VCs as much as the market structures that have lead to predatory token launches
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There are exceptions but the VC token game was generally corrupt and most people know it now. Create a token, hype a narrative w no product, dump on people. This has been somewhat successful for some VCs but hurt A LOT of people in the process and undeniably net negative
Funny enough memecoins arose from this but were even more corrupt and hurt more people
Even funnier, many of the people who were playing these games and profiting are now saying “crypto is dead” 😂😂😂
Respect to those who play long term games w long term people 🫡
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@llamaonthebrink @NTmoney I wouldn’t be so quick to defend VC’s.
They have a mandate, but that mandate should have also included a desire to protect consumers. If they did, ICO’s may have persisted.
But they funded anything that launched a token, and most of it was scammers using forked contracts.
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Yes!
The irony of memecoins ended up being a spectacle, especially in how they ultimately climaxed with the launch of TRUMP (arguably the most extractive insider scheme in crypto history).
One thing I want to point out as well is that my comment wasn’t meant as a call out to VCs either, whom are simply fulfilling their mandates and don’t have as much control over the actions of founding teams as ppl give them credit for.
It was more a question of market structure.
As in - has the dynamic lead to success on the token side VC funded projects?
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CT can’t have real conversations anymore. Every design is judged against a list of cypherpunk purity tests, instead of the actual use-case it’s trying to serve.
Different contexts require different tradeoffs but we’d rather argue ideology than build things people actually need.
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@lex_node Doesn't this whole lawsuit hinge on proving without a doubt that those responsible for the hack was in fact the DPRK? I would think that this would be harder to prove than people think.
And this should probably be the angle that Arbitrum takes in this lawsuit.
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if you want some more info on the Arbitrum legal action, here's the actual court order (yes, there is a real court order, not just 'a letter from a lawyer') and a Claude summary
TLDR, the plaintiffs' lawyers did indeed effectuate a facially *legally binding* freeze on the confiscated KelpDAO assets, with the court's approval--yes, they have the right to do that pursuant to specific laws, it's not a 'theory' or 'just some evil lawyers making something up'
so, if I understand correctly, unless some jurisdictional argument wins (hard to imagine as there are doubtless many U.S. DAO participants), Arbitrum DAO is not allowed to do anything with the KelpDAO funds for now, until a divestiture hearing--even if they ultimately win the right to keep the money, they are supposed to actually litigate that not just decide on their own what to do with it
these garnishment civpro wranglings are not my expertise so take with a grain of salt, but sounds plausible to me
claude.ai/share/c454c9f7…
…ge-just-flyingfish-108.mypinata.cloud/ipfs/bafybeie6…
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natesuits retweetledi
Let me be clear what I am saying and not saying:
I am NOT saying: let's forcibly shut down protocols (we can't), or let's only use the largest ones, or that teams shouldn't build new protocols.
I AM saying: there are a lot of zombie protocols out there with basically the front doors unlocked and no one inside anymore. These are like blighted homes and we need to get rid of them, or the whole neighborhood will suffer.
The way we change that is by CHANGING THE NORMS around shutdowns and giving these founders a graceful way to exit. Right now there is no playbook on how to wind down a DeFi protocol, and we need to make one, ASAP.
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@kylenabecker @amyspitalnick Honestly?
The SPLC media hit job is some of the laziest shit I’ve seen produced by this administration.
And you’re sad for participating in it.
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We're not saying that Charlottesville itself is a "hoax."
We are saying the SPLC allegedly *HELPED* to engineer the conditions for it happening, and then materially aided-and-abetted a Unite the Right organizer and thereby promoted a clash between protesters and counter-protesters.
Then the SPLC fundraised off it, successfully, and the Democrats weaponized it to push a bogus narrative in the 2020 election.
So the SPLC benefited financially and the Democrats benefited politically. That is why the Biden administration shut down an investigation into the SPLC after banks flagged its suspect activities.
I don't know why you leftists continue to pretend that we're all stupid. It's a tired act.
When you flail with these vapid counter-arguments, it just makes you look like a huckster, in addition to a race grifter.
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I led the nonprofit that successfully sued the neo-Nazis responsible for the Charlottesville violence. A jury found them liable for a conspiracy to commit violence, a verdict that courts have upheld.
It was not a hoax. This is abhorrent, even if it’s not surprising.
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I mean, I'm not a BTC expert, but from what I understand, nodes hold an illusion of power. Yes, ultimately, they determine which changes (fork) to follow, but we shouldn't mistake that for real power.
The power is the institutions. The ones that hold and make BTC valuable. If they walk one direction, so do the nodes. This is what MSTR and Blackrock know inherently. They will make decisions as a group. We recognize this fork, and not that one. Either follow us or enjoy your ghost chain.
Satoshis coins will be frozen because it makes BTC more valuable and reduces risk. They can do whatever they want. Yes, its different, but in practice, centralization will continue to emerge in different ways. We need to come to terms with that and embed it into transparent public processes imo.
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@griffgreen @djsayoo @arbitrum I think the nodes have all the power in BTC. Note what's happening with bip 110
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For those complaining about the decentralization of @Arbitrum...
What does 9 of 12 mining pools get you on Bitcoin?
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I mean the use it but don’t make it a practice is how it probably should be treated.
But a part of me is screaming, if you have this ability, bring it to the forefront, create a policy, and execute/automate that policy as part of your brand/identity. Use it.
People will place their money where they see good governance/policies that align with their risk appetites. You live and die by your governance practices.
From a hackers perspective, it limits their operations significantly.
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it's in the interests of elite hackers to keep fragility in the system at scale. Every time we suggest having more multi-sigs, or committees that can roll back a chain we're installing more systemic weakness into the system. use it when you've got it, don't make it a practice.
Nick Almond@DrNickA
what if Lazarus left the money on an L2 knowing it would get yoinked by a security council, so they would have more multi-sigs to rug in the future
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I like it a lot! Great job!
For the decentralization maxis, this hurts, but honestly, good job Arbitrum!
They should formalize a policy around how and when they utilize this power moving forward. If written properly, it could be a huge attractor of capital. Turn a - into a +
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@arbitrum Today we celebrate.
WE HACKED NORTH KOREA!
I don't know why DPRK left $70M just sitting there for so long.
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The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications.
After significant technical diligence and deliberation, the Security Council identified and executed a technical approach to move funds to safety without affecting any other chain state or Arbitrum users.
As of April 20 11:26pm ET the funds have been successfully transferred to an intermediary frozen wallet. They are no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance, which will be coordinated with relevant parties.
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Governments will integrate with AI, and probably sooner than you think.
The use of AI to untangle our legal and regulatory policies is first. Getting rid of redundant or overlapping policies will free government to do more. Second, the chatbox will replace our agencies. Paperwork will be automatically provided to you through adaptable forms. All of this increases the frequency of communication between citizens and government, placing more pressure on governments to execute.
Governments will need to make a choice in how they handle Public Administration. In order to respond to these new efficiencies, they will need to either centralize more tightly, or they will need to decentralize and invite the public-sector to do more. This is where @city_sync_ becomes beneficial.
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