Chives

Advocate for self custody and transparency in all forms. Own your investments. on reddit/discord

[Chives @tehchives]

@Sehgal_ankit Congrats, Ankit! You have a great team there, passionate and dedicated.

[John Wooten @JFWooten4]

@Alan_Konevsky @realMarkRummel @6days1week @marcuslemonis @MoneyLobster @Opendoor @Figure @BedBathBeyond @tZERO @blocktransfer A lot of nuance to that based on CTF and other changes - glad to clarify things together. Direct link below for the discussion, shared with community friends. Anything I should ask to help you just reply or tag us @WhyDRS
Thursday: https://t.co/F0loq8iPAC

[Chives @tehchives]

@itsalwaysrains @JFWooten4 @6days1week @Hanezeve64 @blocktransfer It's the best case scenario. An equitable and transparent market structure that is more transparent, more resilient, and more trustworthy than legacy solutions while also requiring less maintainance and allows for easy consistent reporting and auditing.

[Chives @tehchives]

@itsalwaysrains @JFWooten4 @6days1week @Hanezeve64 @blocktransfer Chiming in here @itsalwaysrains - The difference is that rather than securities being tracked by a CSD, it is done on a public blockchain. Wooten's work specifically uses the well established Stellar chain. Rather than using a CSD as arbiter of truth, Wooten uses public consensus

[Chives @tehchives]

@beyond_mythos @exspiracolo @Rob_Tedesco11 My impression is that you can DRS any class of shares - any class issued by a company is as valid as the others, even if voting power varies heavily. I don't see how DRS would help common shareholders democratically if another class which carries majority voting power.

[Chives @tehchives]

https://t.co/5VUlSEQOi3

Make sure to check this out! 6days doing a great service for the broader investing community. Thanks John as well for hosting and Mitch for collaborating!

[Chives @tehchives]

@jake2b Good thoughts! The voting record date will be around the same each year since AGMs must be within 13 months of the last AGM.

I want to add that recalling shares allows investors to vote, but won't ensure their vote is counted. Overvoting is a known issue in the US markets.

[6days1week @6days1week]

@PatrickByrne Patrick, you REALLY gotta give https://t.co/SqWKUUswaJ a look. I’d be happy to set up an intro meeting if you’d like. You can also reach out to @JFWooten4 directly.

[Chives @tehchives]

@Hanezeve64 @Gme4theWinners Looks like the original post was deleted - Thanks for the referral, whatever it was!

[WhyDRS @whydrs]

Today on Taking Stock we're diving deep into Donations: how we're set up to collect funds, where those funds are being held, plans to improve disclosure, and plans for the DUNA governance structure we'll be using in order to facilitate use of those funds. https://t.co/rfCwziJPi5

[John Wooten @JFWooten4]

New bill ensures your "right to self-custody" by outlining a new framework for custodianship escheatment? 🙄

"THE STATE OF CALIFORNIA REQUIRES US TO NOTIFY YOU THAT YOUR UNCLAIMED PROPERTY MAY BE TRANSFERRED TO THE STATE IF YOU DO NOT CONTACT US...
including the need to file a claim in order for the owner’s property to be returned to the owner. The notice required by this section shall, in boldface type or in a font a minimum of two points larger than the rest of the notice...
The holder may impose a service charge on the deposit, account, shares, or other interest for this notice in an amount not to exceed the administrative cost of mailing or electronically sending the notice and form, and in no case to exceed two dollars ($2)."

Want private keys subject to State regulators? Chat tonight @xximpod

[Mags @magsonthemoon]

Hey $BTC homies, did you know $GME investors have been self-custodying their shares, removing them from shifty brokerages who may loan them out to shorts, and instead hodling in our own names? This is analogous to hodling crypto in your own wallet vs. an exchange.

Wanna learn more? You can read about it at https://t.co/C5zWXh0gFA 🏴‍☠️

[XXIM Podcast @xximpod]

Our DAO Governance Call Summary: We hosted a space call to explore the intricate landscape of DAO governance with an impressive panel from a rich mix of DAOs and the first DUNA.

@LauraMinquini @danimimm @katbu00 @tehchives @KaspaDAO, and @melnykowycz

The discussion kicked off with a dose of pragmatism.
Governance: A Moving Target. @danimimm Danny (from https://t.co/DGI4ZFcF0p) argued there’s no golden governance template—DAOs adapt to their communities. Some, like Balancer DAO, use soft governance via Snapshot, while others start centralized and decentralize over time. She flagged a “chicken-and-egg” issue: communities need structure, but newbies often lack the chops to define it upfront.
The takeaway? Flexibility is key—listen first, then build.

@LauraMinquini from @athena_DAO_ dropped a truth bomb: “DAO governance is a pie dream.” She argued that beneath the decentralized hype, tokenomics often turn DAOs into plutocracies—power skews to those with the most tokens. Citing examples of founders grabbing 20% allocations, she challenged the room to show her a truly democratic DAO.

“We’re just tokenizing old problems,” she said, a view echoed by others who noted that big airdrops or deep pockets still call the shots. It’s a stark reality check for the decentralization faithful.

@KaspaDAO lead by @Julez_krc20 mentioned that they are building an Ecosystem, One Proposal at a Time brought a practical lens, spotlighting their mission as the first DAO on the @KaspaCurrency blockchain: fund projects to grow the ecosystem, walked us through a standout proposal—a travel agency built on Kaspa, with transactions feeding the “K.Treasury” and sustaining it for three years post-repayment. They rely on Discord, Telegram, and X to keep members in the loop.

@tehchivesfrom @whydrs
The Duna Experiment: Governance with Purpose
Chives from https://t.co/H2DTIzebC4 offered a fresh twist with the “Duna”—a Decentralized Unincorporated Nonprofit Association out of Wyoming. Here, membership is as simple as saying “I’m in,” but voting power comes from contributions the community values, like writing a helpful article. Unlike profit-driven DAOs, Duna tokens don’t trade for cash, aligning governance with mission over money. Chives admitted it’s subjective and a work in progress, but the aim is clear: empower the most engaged to steer the ship. Could this be a blueprint for DAOs chasing impact over income?

The Big Challenges with DAOs today:
Engagement and Clarity emphasized iteration to boost engagement, but it’s clear this nut’s still uncracked.

Two hurdles loomed large. First, informational asymmetry and Second, participation: low turnout plagues many DAOs, with 4-5% often the norm even in delegated setups.

Community Voices and Closing Thoughts
The call left us with no clear answers but plenty to chew on: DAOs are a messy, evolving experiment. From Danny’s adaptability to Laura’s skepticism, Kaspa DAO’s ambition, and Chives’ nonprofit pivot, it’s clear governance hinges on purpose—be it profit, impact, or somewhere in between.

What’s next? We’d love your take—drop us a line with feedback or join us for round two. The decentralized journey’s just getting started.

[WhyDRS @whydrs]

Custody is such a crucial part of investing, and doesn't get as much attention as it deserves. DOLE is one example where investors holding through a broker without direct custodial claim had worse outcome as a result.

Source: https://t.co/3qVrrL2QNJ

[XXIM Podcast @xximpod]

$KAS community, we are hosting
“The Great Panel” Discussion Monday to Discuss DAO Governance with some of our favourite founders running DAOs and more coming!

Please nominate your Favourite DAO in case we missed anyone.

Date and Time: 31st of March 2pm GMT
Guests:
@LauraMinquini (@athena_DAO_)
@katbu00 (@microbiomedao)
Julez (@KaspaDAO)
@tehchives (@whydrs)

Agenda:
1. Introductions
2. Let’s start with the structure of the DAO’s
3. Proposals submission process
4. How do people submit community ideas / how do ideas become proposals ?
5. Voting for the proposals - what is the quorum for the voting / decision making
6. Ways you inform community
7. Determining the minimum votes needed for DAO decisions and how do you encouraging member participation.
8. Voting power - is it based simply on number of tokens or is it more complex system based on some reputation systems to maintain fairness for all members
9. Have you had any issues around vote manipulation? and how do you ensure trustworthy results in DAO governance.

Ps - We’d love to see you too!

@ClariceDAiello + @geoffanders
@vitadao
@HairDAO_
@melnykowycz

[John Wooten @JFWooten4]

Thanks to @tehchives, @yuvalbenrobd, and @xximpod for the notices to mention @blocktransfer's #TAD3 work here.

Short answer: this is what we've been working on for years since the original sneeze: https://t.co/qa2To45ICx

As I understand it, we're the only SEC-registered TA offering issuer-level blockchain accounting with securities directly held in noncustodial wallets.

[Chives @tehchives]

@yuvalbenrobd @mcuban @JFWooten4 @JamesNDaGiantJB I think John is a force without any support staff - but agreed with the rest! It's a fascinating protocol that I think deserves more attention in the discussion around market reform and possible alternatives.

[Chives @tehchives]

@almaadeed @SpaceX Not tokenization but: Check out https://t.co/gmXmA0FP3e - It's a transfer agent using blockchain to track ownership, which materially shifts how market access is provided thanks to decentralized order books. This can provide both custody and liquidity to investors.

[XXIM Podcast @xximpod]

Spaces ‼️ We’ll be discussing with John Wooten

A. What are transfer agents.
B. Why transfer agents are the backbone for stock custody.
C. What is blockchain based transfer agent
What is TAD3.
D. Architecture and Sec patent TAD3

https://t.co/l13ATBNEcR

[Chives @tehchives]

@xximpod This is going to be a good one! Thanks Ankit for the ping!