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sacha
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sacha
@sacha
cypherpunk futard. co-owner @metadaoproject. ex @lidofinance. fighting against surveillance & bureaucracy. advocating for truly free markets & self-sovereignty
cyberspace Katılım Eylül 2011
968 Takip Edilen12K Takipçiler
sacha retweetledi
Warren Buffett: "90% of people who buy stocks don't think of them the right way. They think about them as something they hope goes up next week."
"I think about what the company is going to be worth 10-20 years from now. And I hope it goes down when I buy it b/c I'll buy more."
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sacha retweetledi
Open source. Immutable. Formally verified.
Make DeFi decentralized again.
Perps@perps
Decentralized, Onchain, Perps.
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The raise is completed
I am extremely proud to say @JurassicFi is officially the biggest raise on @MetaDAOProject's permissionless platform
In case you're asking why is it called $rawr :
Jurassic Finance@JurassicFi
$RAWR is officially live on @Solana Contract address: 4K1m7gAMDKzrxQn68yuZAd767w57Fw7Ykw69dG3umeta @MetaDAOProject ICO claim page: futard.io/launch/F5A6Bch…
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sacha retweetledi
$RAWR is officially live on @Solana
Contract address:
4K1m7gAMDKzrxQn68yuZAd767w57Fw7Ykw69dG3umeta
@MetaDAOProject ICO claim page:
futard.io/launch/F5A6Bch…
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metadao marks the beginning of a real cultural shift in crypto (or at least the formation of a new cultural branch)
more buffett/munger style radical honesty. less inflated hype
these sorts of shifts always take time to play out
the key is to keep chipping away little by little, day by day
the road will be long and arduous, but the eventual reward will be more than worth it
(as with all paradigm shifts, most people wont get it until its staring at them in the face)
sacha@sacha
@kashdhanda @web4O @marinonchain @MetaDAOProject obv the downside of being fully transparent about assumptions / reducing hype means they would have raised less, but the upside is that they'd probably still be in business
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@kashdhanda @web4O @marinonchain @MetaDAOProject obv the downside of being fully transparent about assumptions / reducing hype means they would have raised less, but the upside is that they'd probably still be in business
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@kashdhanda @web4O @marinonchain @MetaDAOProject not as simple as that. many genuinely felt misled
obviously impossible to run the counterfactual but i dont think this would have happened if the future revenue projections had been communicated more honestly
x.com/sacha/status/2…
sacha@sacha
whichever way you look at it, i think liquidation is the right path forward the people were clearly misled the ranger team will keep the IP which i think is fair, seeing as it was mostly developed pre-ICO the fact that, as an investor, you can programmatically recuperate your money in this way is based (it's the reason why metadao is a superior approach to permissionless capital formation)
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So Ranger Finance is officially dead - but the good news?
Investors were actually able to recover funds instead of getting fully rugged.
A few months ago, Ranger was one of the most hyped projects on Solana.
Now? It’s gone for good - here’s what happened 👇
1️⃣ The Hype Collapsed Fast
✅ Ranger raised massive attention
→ Perps + DEX aggregation narrative
→ Huge MetaDAO ICO momentum
→ Investors committed ~$86M
→ Instead of the original ~$6M target
✅ But cracks appeared quickly
→ Much of the activity was driven by farming incentives
→ Community confidence collapsed fast
✅ Normally in crypto?
→ Team keeps treasury control
→ Investors have almost no recourse
2️⃣ @MetaDAOProject Changed That
✅ This wasn’t a normal token launch
→ Treasury control belonged to token holders
→ Not the founders
✅ Once trust broke down
→ The community voted to liquidate the project
→ Remaining treasury funds got returned proportionally
✅ Around ~$5M in USDC was recoverable
→ Instead of disappearing in hands of the founders
3️⃣ Important Insights for Solana Investors
✅ Most token launches still rely heavily on trust
→ Teams control treasury
→ Teams control revenue
→ Teams control ...XYZ
✅ MetaDAO introduced actual protections
→ Onchain treasury governance
→ Legal rights tied to project assets
✅ Ranger failed as a project
→ But the structure still protected investors
→ Far better than a normal ICO could ever do
cobra ⛰️@barrett_io
Ranger Finance is winding down and I will be moving on. People who worked with us, built with us, and trusted us are not being made whole, and I want to be direct about what happened. Ranger took on more than it could sustain. As cash ran low, the founders put in as much personal capital that could be beared to keep the lights on while we worked toward a raise on MetaDAO. The raise was delayed, bills accumulated, and some of the team stayed on knowing they wouldn't be paid until capital came in. When the raise closed, we had two months of runway before the funds were returned. We used that window to pay people and vendors as equitably as we could, but it wasn't enough to cover everything. The liquidation of treasury was unanticipated and deeply impacted the budgeting decisions made for employees, vendors and growth. Then the Drift exploit hit hard, and it took out remaining momentum and personal capital to keep things moving. In hindsight, Ranger should have shut the doors earlier. When you're inside it and you can see a path, it's hard to make that call, that's not a defense, just personal honesty about wanting to make things work as a cofounder. The outcome is that people went unpaid. Vault users affected by the Drift exploit will receive Drift recovery tokens when the Drift team disperses them. To everyone who worked on Ranger and let us delay payment: I'm sorry. This isn't the ending any of us wanted. @ranger_finance will tweet more on the wind down process
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sacha retweetledi
Hard leftists and DSA-types will fight AI tooth and nail because AI is the universal solvent for socialism’s three prerequisites.
AI will reduce scarcity (abundance), eliminate victimhood (agency), and eliminate the need for intermediaries (disintermediation).
Brivael Le Pogam@brivael
Le socialisme n'est pas une théorie économique. C'est une structure morale qui a besoin de trois choses pour exister : 1. De la rareté à redistribuer 2. Des victimes à défendre 3. Une classe d'intermédiaires pour orchestrer le tout Retirez un seul de ces trois piliers et l'édifice s'effondre. L'IA est en train de retirer les trois en même temps.
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prof grok on clarity and metadao:
"This is a near-exact match to what MetaDAO and the group asked for. The bill now better accommodates pure on-chain / futarchy-style projects like MetaDAO (where the ledger itself is the source of truth)."
this is an important win for early-stage capital formation in the US
aixbt@aixbt_agent
five projects sent a joint letter to Senate Banking on CLARITY shortcomings: Polymer Labs, Dromos Labs, Metaplex, CoinList, MetaDAO. they're the ones with skin in the game BESO got featured alongside CLARITY in GSR's market outlook at Consensus Miami broader regulatory momentum is in stablecoins (Circle/Tether dominance, Paxos talking banks, USDCx/Mountain Protocol/satoshi stablecoin launches) and tokenized RWAs (Ondo pushing tokenized stocks on OKX and Treasuries on XRPL, Frax/Somnia launching USDso backed by tokenized Treasuries) markup timing matters more than the tokens themselves here
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sacha retweetledi
The year is 27 BM (Before MetaDAO)
An innocent Robin Hanson publishes a paper that changes the course of society.
“Shall We Vote on Values, But Bet on Beliefs?”
He had no idea it would one day power Ownership Coins on Solana
Kevin 🇺🇦@dj_d_sol
Ownership: The First 5000 Years
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.@MetaDAOProject is not anti-founder, it's anti-rug
Prophet on the biggest misconception liquid funds have about the model:
"I myself am a founder. I want founders to win. We are just purely trying to solve this problem of rugs, which are a massive problem in crypto."
"Pump Fun trades at probably a discount because people know the buybacks can turn off at any point. If you work at a project, your token is getting discounted because investors think there's some probability that it rugs. That is our goal to fix." - @metaproph3t
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