JP Vergne

Researching Technology & Organization ✪ Web3, DAOs ✪ Book 'The Pirate Organization: Lessons from the Fringes of Capitalism' ✪ Prof @UCL

[JP Vergne @PirateOrg]

8 controversial theses about Decentralized Autonomous Organizations (#DAOs):

1. The first DAO wasn't "The DAO", it was Bitcoin.

(hold your horses)

[Lily Liu @calilyliu]

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.

[JP Vergne @PirateOrg]

@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.

[JP Vergne @PirateOrg]

@CoinCards @binance cypherpunkwashing, classic PR for "Big Crypto"

[JP Vergne @PirateOrg]

@roxananasoi @ELCavalos hacker ethic 🏴‍☠️

[JP Vergne @PirateOrg]

@ant1germain Great work and great storytelling, well done and best wishes for the JM!

[vitalik.eth @VitalikButerin]

Reminder that Peter Thiel is, to put it mildly, not a cypherpunk

[Momir @momir_amidzic]

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.

[vixhaℓ @TheVixhal]

I still can’t believe this thing is taking our jobs.

[UCL Innovation and Enterprise @UCLEnterprise]

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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: https://t.co/SchulxMA6V

[UCL School of Management @UCLSoM]

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➡️ https://t.co/mYxu8lAY0u

[Niklas Anzinger 📍 Infinita @NiklasAnzinger]

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/

[JP Vergne @PirateOrg]

@NiklasAnzinger Yup, agreed! Most DAOs keep converging toward the public corporation, except they're web-native.

Adding to your insights:
https://t.co/W0FY6djKOb

https://t.co/cgRrsFE2sG

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

[JP Vergne @PirateOrg]

@cryptonomista Tchoo-tchooooo..!

[JP Vergne @PirateOrg]

@evabeylin Congratulations 🎉

[JP Vergne @PirateOrg]

@SilviaHedley This place with the fortress? 😮 https://t.co/yHtaIRvbso

[Michael Bargury @mbrg0]

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

[JP Vergne @PirateOrg]

@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.

[JP Vergne @PirateOrg]

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. 👇🧵

[Lyn Alden @LynAldenContact]

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.