The Autopsy @paragraph_xyz publication is now live where we will be covering stories and analysing data on failed protocols, DAOs and companies in web3.
The @flowercomputers team brought Static Embedding models to Rust and carried out optimizations to heavily speed up potential inference.
They'll be open sourcing the deployment pipeline soon.
This looks very nice at first glance! Definitely give the thread a read.
inbound uptake again on @getautopsy regarding failed company ip repurposing in the climate tech sector, interestingly!
including the discovery on how patents, data, technical know how etc from dissolved companies can serve as a repository for existing companies in the sector.
this is why Autopsy continues to exist.
I built a database of 120 failed Web3 startups.
> 120 dead projects
> $85 billions gone
> Study the dead Projects
Projects like:
> FTX
> Luna
> Celsius
Each one has:
• What went wrong
• Why it failed
• Ideas for builders
All in one place.
Let's go 🧵↓
I don't know who needs to hear this.
1. @ElizabethHolmes is not Elizabeth Holmes.
2. It's the @Enron playbook, perhaps the same team. Crypto launch incoming.
You heard it here first.
I think the difference here is this mostly focus on indie hackers and smaller projects that people try to bootstrap. From @getautopsy it seems more related to VC funded startups.I was thinking people should add their project themselves so basically a searchable form with some adds on.
"We did it for 5 years."
"We built 15 apps."
"We were about to shut down"
"The 15th app went straight to number 1 in the App Store"
"Right as we were turning off the lights"
@nikitabier sharing about the long road to an overnight success ($100M+ in exits to Discord & Meta)
--
Building an app? Comment "interested" below.
.@carl_cervone has continuously been developing data-driven solutions for public goods funding and impact measurement
Currently building @osobserver an analytics tool to measure the impact of open source software contributions prev @hypercerts@protocollabs@gitcoin@ycombinator
“The greatest trick the devil ever pulled was convincing founders to measure their ambition based on how much they raise and at what valuation”
More from me on the symbiosis of ambition and the indie approach to building the next wave of category defining companies.
“Startups that raised less money grew revenue more quickly.”
Human nature destroys more startups than any competitor ever will.
https://t.co/CbOfmuoe5l
How DAOs collapse:
- electing delegates who are part time and too busy
- then creating an oversight with leadership scope
- setting up an OpCo with strong leadership
= Back to corporate governance where those holding shares elect a board who elects a CEO who manages teams good down... 💩
Why is so bad?
Information bottleneck inherent to the design makes corporations allergic to outside-in innovation.
Without multi stakeholder governance and platform like designs that are bottom up for management, we're right back to outdated organisation design.
As in somehow replacing shareholders by token holders would make things better
usdc + eurc = stablecoins that provide lower cross-border transaction fees + faster settlement times can enable inclusivity in financial systems.
particularly interested in seeing how stablecoins can support countries with hyperinflation + imposed sanctions that lead to significant currency devaluation + how stablecoins can offer a more stable store of value.
traditional remittance services like Western Union + MoneyGram can charge fees ranging from 5-10%, w transaction times ranging from a few hours to several days. whereas stabelcoins see transaction fees often less than 1% + immediate settlement.
however, for the global economy to utilise stablecoins its impact depends on abiding within regulatory frameworks, technological adoption + market trust.
if countries that are not within favoured legal frameworks issued for these stablecoins due to legal jurisdiction and geo-politics then does stablecoins such as usdc + eurc just benefit certain economies particularly those in western markets? and those allowed to trade with western markets?
of course there needs to be some legal enforcement to mature the use of stablecoins when it comes to international regulations like AML/KYC.
but i believe this brings up a counter argument on how more stablecoins can be pegged to wider range of currencies outside of euro + dollar and how those economies can even put together the resources for legal frameworks and the tech enablement around this to utilise and ship stablecoins.
Regardless this is a win and move towards more financial inclusion.
'The Luna Eclipse. One stablecoin’s failed attempt at base money' by @tyscharf
Published originally on Jun 7, 2022, covering one of the biggest crashes in crypto to date of a 'trusted' stablecoin and its impact on the market.