The whole concept of a central bank acting as a stabilizing force to watch out for the economy is proven utterly false.
2 / 2 2. Those people with their hands on the levers can and do profit on destabilization. The solution is a move to a rules based economic policy like Bitcoin which leads to a seperation of money from state.
There are 2 simple reasons centralized entities like the FED cannot be trusted to act as calming and stabilizing forces on our economies. @balajis 1. They're change policy in an unpredictable and destabilizing way even when trying their best. (They're human and imperfect) 2. ....
Cool, but that only works until AI can generate organically viable variations of synthetic irises.
With all the talk about SVB and USDC, I haven't seen that much talk about the risk of DAI which is most largely collateralized by USDC.
I was part of a DAO in 2018 where one of the "core group" told us that "all our opportunities belonged to the DAO". Decentralization was all theatre there.
That MSM wouldn't willfully spin something to be the exactly opposite of the truth. Like I thought they were pretty bad, but I chalked that mostly up to ignorance. I know fully believe they know they are doing wrong things and continue to do them willfully.
Hahaha. yes sir. Although the next post probably won't satisfy you fully. It's going to compare the high level structural differences between Direct Liquid and Outcome Democracy.
My next few posts on outcome democracy will be covering that topic :)
haha sorry I should have started off the last comment with "I agree with you". My bad for sub optimal communication there.
why would the guy who f'd up the last system be the perfect guy for the next version?
What's the purpose of a proposal? To submit our ideas or agree that other ideas are in-alignment with what we want for the DAO. Are there other ways to make decisions for how you'd like the DAO to operate? Yes there are.
Congratulations on the successful launch! Sending only the very best vibes to you and your family. When you guys are ready for a laugh, there's a book you'll need to read and it says something so damn true: "2 kids is a millions times more than 1."
Great example of why permissioned systems suck.
Thanks to @meesh for inspiring this post ^^
Unpopular opinion. Systems of governance without proposals are not only possible, but more optimal.
We stand at a door and a time more important that the founding of the American constitution. Why? Because web3 has both wider reach and deeper depth. We can truly change the course of humanity at this point in time. If we don't we could plunge into a bad dystopia.
"The whole country is one vast insane asylum and they're letting the worst patients run the place." - Robert W. Welch It's time to update the firmware on our governance system with Outcome Democracy.
Hahaha, is this something you can recommend from personal experience?
@tim tried egg nog and whipped cream and it was incredible. I'm totally going to gain 10lbs over Christmas. 🤤
