kinda crazy that every time I get an airdrop the US govt gets one too we should both be eternally grateful to the South Koreans buying this garbage

being a futard is a high T activity

drafted today, shipping monday

wtf, Bill Gurley is shilling ICOs

"hey boss, I'm leaving because some random people on the internet put $1.1m into a DAO controlled by this thing called futarchy earmarked for me to build a borrow/lend protocol for leveraging long-tail assets"

DAOs historically haven't been a good product DAOs-in-name are a good product: they allow the team to satisfy their lawyers & to get Coinbase listings while still maintaining control. "DAO theater" is a feature, not a bug, for many projects the ostensible reason for a DAO is 'credible neutrality' / decentralization but: - there aren't many buyers of credible neutrality. if the protocol you're interacting with is credibly neutral, you might be able to shave off a few hundred bps in counterparty risk. most on-chain users don't care about this - it's unclear that DAOs actually reduce counterparty risk. I might even be *less* willing to lend to a borrow/lend that's run by a DAO than by a team. Beanstalk lost ~$200m in depositor money specifically because they were a DAO this is why we've pivoted our focus so heavily to ICOs. if you deploy $$$ into a typical ICO, there's above a 50% chance your money disappears into insider pockets via slow rug or them just walking away with it. this is a massive pain point for users and one that can be mostly solved by just keeping the money in a Futarchy DAO

the 6th @mtncapital_ prop is live A proposal for mtncapital to allocate 250,000 USDC to a 3-of-5 multisig wallet to opportunistically invest in early-stage companies that form or participate in @mtndao V8 this August.

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$OMFG = Omnipair Futarchy Governance Token the trenches are participating in futarchy, they just don’t know it yet

The @omnipair raise has been completed! In total, 321 wallets contributed $1,118,102 to the project! Everyone who participated can claim their tokens on our app. 2M OMFG tokens have been paired with $223,620 USDC and sent to @RaydiumProtocol to provide initial liquidity. The OMFG CA is here: omfgRBnxHsNJh6YeGbGAmWenNkenzsXyBXm3WDhmeta