September 22nd, 2022

Designing for Decentralization

The goal of the Ethereum Roadmap is to increase the scalability of the Ethereum network without sacrificing decentralization. While some parts of the roadmap like the Surge focus on scalability without sacrificing security, the Verge focuses on allowing more people and more nodes to participate in validating the blockchain.

The Verge implements two technical upgrades:
1. Optimizing data storage by introducing Verkle trees
2. Extending decentralization through stateless clients

As Ethereum scales, it is particularly important to democratize access to the broadest number of network validators. The introduction of Verkle trees reduces the amount of data validators need to verify blocks, and stateless clients make it easier for validators to participate in the network. 

September 20th, 2022

Layer Zero is an omni-chain interoperability protocol that is going to create a global crypto economy built on an interconnected web of blockchains. 

That seems like a bold statement. Let me share with you why I think this will be true. 

Our Current State

Imagine a world where if you lived in New York City and wanted to buy the new BMW i4 eDrive40, you would need to fly to Germany, purchase the vehicle, and then you would have to ship it back to where you lived and worked. 

August 13th, 2022

This article was originally posted on BanklessDAO State of the DAOs newsletter on May 4, 2022.

Your DAO Already Has an Operating System

We are all familiar with a computer operating system (OS), which is the interface between the user and the computer. A buggy or poorly designed operating system makes for a miserable user experience and renders an otherwise very powerful tool useless.

Organizations have operating systems too. The organizational OS determines the way people work together within an organization and how that organization will function. Just like in a computer OS, a bug in the organizational OS can create ineffective systems, promote conflict in teams, and bring down the vibes of the community.

August 2nd, 2022

Liquidity pools are one of the core building blocks of decentralized finance. In order to work efficiently, exchanges need a pool of assets (liquidity) that facilitate trading two assets. 

Traditionally, this liquidity is provided by centralized exchanges using the order book model and a trusted intermediary. Decentralized exchanges (DEX) replace the order book model by using automated market makers (AMMs) which operate using smart contracts. Rather than executing trades by finding a trading pair using an order book, AMMs use liquidity pools for each asset in their smart contracts in order to execute trades. 

In order to work effectively, AMMs need pools of liquid assets. 

Uniswap is one of the leading DEX and one of the most powerful DeFi protocols. Since its inception as the first AMM, the Uniswap protocol has been creating efficient markets and allowing users to put their assets to work for them through the creation of liquidity pools. 

July 26th, 2022

Last week I introduced regenerative design and some of the key principles for building regenerative networks, protocols, and economies. 

This week, I want to explore how crypto values and Web3 tech can drive the adoption of regenerative systems. 

Right now we have a systems problem. As a society we are fighting the inertia of big business and the status quo of how things work. In order to change these systems, we need to focus on adoption and increasing the scale of small, resilient micro-systems.

July 26th, 2022

This article was originally posted on BanklessDAO Weekly Rollup newsletter on May 6, 2022.

BanklessDAO started one year ago with the gift of a spark. The gift was a fair launch distribution of BANK to the Bankless community; it sparked a movement around bankless values. The bankless movement is a collection of explorers and wayfinders, creators and builders, punks and misfits, on a shared journey of freedom and discovery. We are pilgrims with a purpose, with boots on the ground building a nation in the sky.

The bankless journey starts with crossing bridges into Web3 and crypto-native ways of working, discovering our place in this new world, and learning how to occupy and grow in that space. It’s a journey centered around reclaiming our autonomy, our creative potential, our time, energy, and attention. It’s a journey about reclaiming our life and shaping what the communities of the future might look like.

What happens when we give people the tools they need, help them level up, get out of their way, amplify their work, and surround them with a community that values productive, creative, and happy humans?

July 19th, 2022

Talk about regenerative cryptoeconomics is all the rage lately. Spend of few minutes scrolling through crypto Twitter and you will likely come across hashtags for #regen, #solarpunk, and a host of beautifully designed futuristic cityscapes. 

While the promise of a better, more sustainable future with happy humans and a healthy environment is a great motivator, if we want to create this future we need to start thinking about and designing systems that will enable this future. 

This starts with understanding what regenerative design is, what are some key principles we can apply when designing new systems, and how crypto values and incentives fit into this picture of creating a better world. 

June 18th, 2022

Dear friend,

It is a great joy and pleasure to see you so eagerly engage in the practice and the curiosity with which you inquire about the path. I implore you to never temper this curiosity and to always ask questions of your teachers and other Dharma practitioners whom you hold in high regard.

I have little advice to offer save this- search inside yourself. Everyone around you is looking outwards, building up their image and their status. Our culture revolves around gain and loss. Our culture orients us towards what is easy, and it is clear to me that the path ahead of you is difficult, but that is all the more reason for you to travel it. You must learn to set aside everyday concerns and look within. Dig deep into your own thoughts, feelings and perceptions. Yearn to understand the human condition. Everything in you is played out in the world around you. What you struggle with is what we all struggle with.

There is something that burns in you. Something you must know. Something you must resolve and figure out. Use that, don't deny its necessity. Your urgency will carry you far on the path, use it to fuel your study and practice. Don't waste it on meaningless activity or distracted impulses. Accept the fact that you are called to the practice, with all of the responsibility and heaviness that it requires.

May 27th, 2022

What is your potential?

Our culture views potential as a measure of excellence. It is something to live up to, reach or achieve. Our cultural view of potential is wrapped up in concepts of success, fame, power, and wealth. It is very goal or results oriented.

The soft underbelly of viewing your potential in this way is that it is built on a subtle, and often unnoticed poverty mentality. Right now, you are not good enough, you can do more, you can do better. Our true value, our fulfilled value, lies outside of us in some distant future. When we talk to ourselves this way, we find ourselves filled with doubt, self-criticism, even self-hatred. This negative self talk ends up devaluing our present work and our past contributions.

Another problem with this view of our potential as some accomplishment or happiness in the future is that we are always chasing an image in our heads. We create an image of who we could be, or should be, based on ideas and expectations that are largely shaped by our materialistic culture. We find ourselves shaped by outside forces, creating tension between our own values and aspirations and the demands of the world around us.

May 6th, 2022

How Decentralizing Power Catalyzes Personal Autonomy

This article was originally posted on BanklessDAO State of the DAOs newsletter on March 23, 2022.

Power dynamics are an implicit part of every organization and they affect the way we work together. Since the beginning of time, organizations have formed to create new products and solve interesting problems, but coordination is hard. Early organizations often used power coercively to control and manipulate others. Often, a central figure or small central body was in charge of all decision-making and submission to the will of the central body was the name of the game.

Today, most traditional organizations have evolved to democratize power and ownership. It is still common for planning and decision-making to happen at the top in most organizations, while much of the actual work happens at the bottom. We still call these types of organizations centralized, because they centralize decision-making, authority, and power behind closed doors.