The past, present and future of crypto will always be in its users.
Via decentralisation we reduce barriers to entry so that anyone, anywhere can exist on-chain with us.
But part of this sacred culture is the idea of distributing wealth. The notion that anyone with a wallet and $5 can receive $10,000’s for participating on-chain.
This is because we’re dis-intermediating counterparties. This creates value. Instead of JPMorgan receiving Billions in transaction fees, that value exists elsewhere.
But, we all have a collective responsibility to decide where this value goes. For me, this value should always reside with users and normal people. Decentralisation, to me, is not only decentralising applications but decentralising power, and wealth.
So while this technology exists, there is nothing binding teams to rewarding users rather then themselves. And building applications to the benefit of those that use them rather than just the ones who make them.
Rather it is us, the people, that must reward teams that benefit their users. And we must penalise teams that act to the benefit of themselves, and their friends. And we must all hold them to account. Don’t use applications that don’t abide by this, encourage your friends to avoid them and use applications that reward and benefit the people.
@Uniswap will always be the canonical example of this. The first on-chain company allowing users to trade assets, giving fees to those providing liquidity and airdrops to those using that liquidity.
Otherwise, with all these revolutionary ideas, the power, and the wealth remain just as centralised. And if that’s the case what are we all working for anyway?
The past, present and future of crypto will always be in its users.
Via decentralisation we reduce barriers to entry so that anyone, anywhere can exist on-chain with us.
But part of this sacred culture is the idea of distributing wealth. The notion that anyone with a wallet and $5 can receive $10,000’s for participating on-chain.
This is because we’re dis-intermediating counterparties. This creates value. Instead of JPMorgan receiving Billions in transaction fees, that value exists elsewhere.
But, we all have a collective responsibility to decide where this value goes. For me, this value should always reside with users and normal people. Decentralisation, to me, is not only decentralising applications but decentralising power, and wealth.
So while this technology exists, there is nothing binding teams to rewarding users rather then themselves. And building applications to the benefit of those that use them rather than just the ones who make them.
Rather it is us, the people, that must reward teams that benefit their users. And we must penalise teams that act to the benefit of themselves, and their friends. And we must all hold them to account. Don’t use applications that don’t abide by this, encourage your friends to avoid them and use applications that reward and benefit the people.
@Uniswap will always be the canonical example of this. The first on-chain company allowing users to trade assets, giving fees to those providing liquidity and airdrops to those using that liquidity.
Otherwise, with all these revolutionary ideas, the power, and the wealth remain just as centralised. And if that’s the case what are we all working for anyway?
Last night $ZETA along with related projects $MAIL & $DECOM were Rug-Pulled for 381.8ETH ($855,662)
We explain how we spotted what others missed, and visualise it with our unreleased Clustering Tool
I've been anonymous for 7 years.
My real name is Joseph Ayoub, I was the Crypto Research Lead @Citi
I quit to build the future of Crypto x AI
Welcome to @rug_ai
1/n Ok anon this thread won’t be up for long. So you better listen and listen carefully. Today We are gonna talk about an experimental PvP strategy game built on $MAGIC called Battlefly.