very early Ventures
@veryearlyxyz
Web3-Native Venture Capital.
Insights:
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Uniswap's DUNA structure is a signal:
1) DAOs want legal shields
2) They don’t want to sacrifice decentralization
3) They need clarity for multi-billion treasuries
Open Qs: how much does state-level law matter in a global protocol? How many protocols will follow?
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Ten hours just to decide whether to decide, nuts.
On-chain rule-setting could finish in seconds, and it would be transparent, auditable and tamper-proof.
Maybe it’s time U.S. lawmaking migrated to credibly-neutral smart contracts on #Ethereum#
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Bullish on #Bitcoin# the asset, cautious on “Bitcoin L2s.”
Most Bitcoin L2 efforts fall into a handful of patterns and each drops at least one of trustlessness, liquidity, or UX.
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