►
From YouTube: DXbiz Weekly Gathering [2022-09-05]
Description
00:03 Welcome
01:05 PoolSharks Labs Presentation
18:35 Restructuring
A
A
Thank
you
yeah,
so
we
want
to
talk
a
little
bit
more
about
the
restructuring
plan.
That's
been
in
the
deltak
forums
for
over
a
week
now
some
questions
around
that
character,
activation
discussion
for
devcon
and
then
other
dx
events.
We
have
a
few
people
who
are
going
to
be
at
mcon
a
few
people
are
going
to
be
at
dapcon
in
berlin
and,
of
course,
infinite
and
in
bogota
and
defcon
and
yeah.
B
Yeah
so
my
my
background
is
from
web2:
I've
done
a
lot
of
stuff
with
kafka,
elasticsearch,
distributed
systems,
event
driven
systems
and
yeah
over
the
last
year.
I've
just
been
hacking
started
with
the
eth
online
hackathon
last
september,
so
like
a
year
ago
and
yeah
just
always
been
interested
in
automated
trading
ways
to
run
more
efficient
markets.
B
The
first
problem
that
I
ever
wanted
to
solve
was
in
permanent
loss,
and
I
remember
seeing
the
the
launch
article
for
you
swap
v3
and
thinking
like
okay.
My
hunch
kind
of
tells
me
like
this
is
not
really
enough
to
solve
in
permanent
loss
and
yeah
the
name
pool
sharks,
sort
of
comes
from
this
idea
of
you
know
doing
more
with
your
liquidity
maximizing
your
liquid
anymore.
So
I
always
wanted
to
give
everybody
sort
of
fair
access
to
tooling
to
manage
their
liquidity
positions
and
yeah.
B
So
this,
I
believe,
is
like
the
biggest
problem
in
in
the
growth
of
this
specific
space,
like
there
really
hasn't
been
a
lot
of
innovation
in
the
like
order,
book
decks
space,
and
I
believe
it's
ultimately
about
experimenting
with
new
data
structures,
new
ways
to
do
markets.
I
just
recently
read
a
research
paper
that
was
stating
that
you
know
once
blocks
once
block
space
becomes
plentiful
and
cheap
enough,
like
there
definitely
is
a
future
for
order
book
exchanges.
So
I'm
really.
C
B
To
see
how
we
can
develop
these
different
market
mechanisms,
I'm,
like
specifically
focused
on
creating
a
secondary
market
for
options
tokens
to
trade
right
now,
such
that
it's
like
a
one-way
trade,
there's
limits
of
liquidity
in
those
markets,
so
doing
some
sort
of
priority
queue.
I
think,
makes
a
lot
of
sense.
B
So
yeah,
just
like
really
focused
on
inefficient
markets
right
now,
options,
derivatives,
potentially
game
five
as
well
supported
having
support
for
11
55
to
erc
20
exchange
so
yeah.
That
kind
of,
I
think,
covers
most
of
what
I've
been
up
to
the
last
year
and
yeah.
If
you
guys
are
interested
like
feel
free
to
reach
out
to
me
with
questions
or
just
go
ahead
and
pop
questions
right
now,
if
you're,
if
you
have
something
on
your
mind,.
A
B
B
Even
on
mainnet,
you
can
ultimately
just
check
that
the
t-wop
on,
for
example,
I'm
like
unispot
v3
pool.
I
don't
know
if
you
guys,
plan
on
having
a
a
deployment
that
is
similar
to
your
swap
v3
next
next
year.
The
two-year
exclusivity
is
supposed
to
expire.
I
don't
know
if
you
guys
have
plans
for
that.
D
Mike
when
we
chatted,
you
also
mentioned
the
constant
time,
can
you
and
how
that
plays
into
the
fixed
price?
Can
you
elaborate
a
little
more
and
also
like
throwing
those
ideas
out
there
like
how
production
ready
are
you
and
at
what
stage
of
development?
You
are.
What
kind
of
help
do
you
need
and
what
is
your
like?
Go
to
market
strategy.
D
C
B
B
So,
essentially,
how
this
works,
how
you
provide
a
fixed
gas
cost
for
this?
Is
you
have
a
volume
counter,
so
the
taker
is
going
to
basically
move
this
counter,
every
time
that
there's
a
trade,
so
ultimately
the
makers
on
the
left
side
of
the
counter,
those
are
filled
and
the
sorry
the
makers
on
the
left
side
are
filled.
The
makers
on
the
right
side
are
still
waiting
to
get
filled.
B
D
B
B
B
So
when
we
have
an
amm,
that's
that's
a
two-sided
curve
and
we
don't
differentiate
between
trading
directions
right.
This
represents
both
trading
directions
and
you
can't
say,
if
you're
on
one
side
of
the
curve,
if
that's
a
better
price,
because
you
don't
have
split
directions
for
trading,
because
it's
one
one
side
is
a
better
price
for
one
direction,
a
worse
price
for
another
direction
right.
So
if
the
price
of
eath
is
four
thousand
died,
that's
a
good
price
for
somebody.
D
And
so
when
on
on
unib3,
when
it
goes
out
of
range,
you
get
all
of
like
because
you're
providing
both
assets,
one
gets
converted
into
the
other.
You
end
up
with
just
holding
one
asset
in
in
this
case
it's
kind
of
like
single-sided
provision
of
liquidity,
and
it's
bi-directional,
no
matter
which
way
it
goes,
and
even
if
it
goes
out
of
range
right.
B
There's
so
in
in
uni
v3
you
sort
of
define
your
range
for
your
liquidity
right
and
once
you're
out
of
that
tick
range.
Then
it
stops
trading
in
this.
It's
just
basically
you're
providing
one-sided
liquidity
and
then,
when,
like
I
said
when
that
liquidity
is
used,
then
you're
essentially
filled
so
there's,
there's
no
amm
structure,
you're,
providing
an
exact
rate
and
you're
matching
peer-to-peer
based
on
your
rate.
So
if
you
buy
up
to
four
thousand
die
for
each
you'll,
get
matched
on
both
pages
here.
Both
sets
of
liquidity.
B
B
Yeah
so
currently,
I'm
working
with
free
auditors
on
sort
of
getting
security,
related
feedback
on
the
code,
there's
a
few
things
that
need
to
be
added,
namely
gas,
cost
protections,
also
t-wop
oracles
as
well,
so
that
you
know
if,
if
this
is
being
used
for
low
volume
markets
like
options
tokens
and
that
people
that
are
offloading
risk,
they
can
sort
of
get
an
ideal
price
of
of
what
that
is
is
going
for.
As
far
as
the
the
go-to
market
strategy,
I
plan
on
launching
on
ethereum
mainnet
as
well
as
arbitrage.
B
Arbitrary,
has
a
lot
of
strong
options,
protocols,
and
so
so
far
I've
talked
with
dopex.
I've
talked
with
risc
that
does
they
do
an
options
structured
product
and
risk
basically
had
said
that
they
would
use
this
as
a
way
to
either
offload
or
unload
risk
and
sort
of
seek
arbitrage
in
the
market
and,
as
far
as
launching
on
mainnet
we'd,
basically
be
pairing.
E
A
Yeah
I
mean
I
agree,
and
I
think
frankie
was
just
writing
in
the
chat
that
this
could
be
very
interesting
for
maybe
like
the
next
iteration
of
swapper,
or
I
don't
know.
This
is
kind
of
like
ties
into
like
previous
discussions,
but
but
yeah
like
you
know
the
future
of
swapper
has,
I
guess
a
few
question
marks
around
it
and
then
you
know,
if
there's
an
option
for
collaboration
with
something
like
this,
then
maybe
it
changes
some
some
of
these
things
so
yeah,
just
sort
of
like
exploring
in
that
regard.
D
F
B
Yeah,
I
sort
of
wish
that
we
were
able
to
do
a
specific
set
of
swag
for
paris.
I
I
thought
you
you
guys.
Swag
was
quite
impressive,
but
yeah
I
was.
I
was
very
pleasantly
surprised
at
how
the
the
scale
of
the
minds
that
were
at
this
this
event
and
yeah
just
some
really
high
quality
amazing
people
that
were
brought
together.
A
F
A
A
I
think
I'm
assuming
that
many
of
the
like
independent
squads
in
the
style
have
been
so
like
chatting
about
some
of
the
topics
that
have
been
raised
there
and
I
think
you
know
we
also
did
in
the
dxp
team
yeah
and
I
think,
like
I
also
spoke
to
some
like
personally.
I
spoke
to
some
people
who
are
not
even
in
like
crypto
but
yeah,
just
like
people
that
I
value
their
opinion
and
you
know
sort
of
like
try
to
explain.
A
You
know
what
this
is,
what
the
style
is
and
what
we're
building,
and
you
know
how
good
things
like.
What
could
we
do
to
change?
You
know
some
of
the
things
that
are
happening
and
you
know
for
the
better
and
yeah.
I
had
some
like
interesting
interactions
in
that
in
these
regards,
and
I
think,
like
the
main
sort
of
feedback
that
I
got
was
actually
around
yeah
the
goals.
Like
a
few
people
told
me,
we
don't
fully
understand
like
what
are
the
goals
of
the
organization.
A
F
E
This
weekly
discussion
as
well
as
well,
but
I
I
I'm
assuming
that
the
that
the
restructuring
and
refocus
posts
and
proposal
make
some
assumptions
for
what
the
goals
of
dxtao
are,
because
you
can't
really
propose
these
types
of
ideas
without
having
some
end
goals
in
mind.
But
those
end
goals
are
not
included
in
the
post,
so
it
would
be
good
to
understand
what
those
assumed
goals
are
and
then
and
then
like
how
these
things
are
going
to
achieve
those
goals.
E
If,
if,
if
we
can
understand
what
those
are,
then
then
we
can
have
some
basic
framework
around
like
the
this
proposal,
which
is
trying
to
achieve
something
and
then
yeah
and
then,
if,
if
not,
we
can,
we
should
also
figure
out
how
dx
tao
can
can
come
up
with
end
goals,
because
it's
not
clear
what
these
goals
are
and
then
once
dx
dow
determines
these
goals,
it
becomes
easier
to
come
up
with
a
plan
to
achieve
those
goals.
I
think,
but
I
guess
for
the
immediate
it
would
be.
D
Things
my
personal
take,
I'm
trying
to
be
level-headed
and
it
it
is
in
a
way,
ignoring
my
that.
The
way
that
I
would
personally
be
affected,
I
just
see
that
that
tao
is
not
being
helped
by
this.
It's
being
damaged,
I've
noticed
it
in
paris,
like
I
haven't,
been
a
part
of
any
chats.
No
one
had
included
me
in
any
chats.
C
This
is
something
that
I
was
talking
yesterday
with
with
tommy
with
tomas
the
one
of
the
members
of
lateral
we
were
talking
about.
He
was
asking
me
about
where,
where,
where
do,
I
think
that
we
should
work
the
most
of
the
on
the
retreat
in
the
organization
level
right
to
came
up
as
a
stronger
organization
and
more
organized
after
their
retreat?
C
So
this
is
something
that
I
also
was
talking
with
some
developers
in
in
in
the
scope
which,
again
I
I
want,
I
think
developers
are
the
the
ones
who
are
in
the
trenches
right
who
are
like
building
building
the
products.
Then
they
are
the
first
step
toward
the.
They
write
the
lines
of
code
that
later
the
ex
boys
or
other
or
other
members
of
the
organization
right
needs
to
communicate,
which
is
a
very
important
part
of
the
process.
C
That
regarding
the
proposal,
I
I
think
in
terms
of
damaging
the
dao-
it's
like
it's
yeah,
basically
destroying
something
that
it
took
years
to
build.
Now
we
have
a
lot
of
brains,
persons
and
people
that
was
brought
into
the
exile
because
they
were
interested
in
what
we
were
building
right
and,
and
still
we
still
have
this
idea
around
okay
on
what
we
are
really
working
on
where
we
are
going
towards.
C
C
It
is
no
excuse
to
suddenly
reduce
half
of
the
dow
and
have
a
longer
runway
and
have
a
more
pyramidal
structure,
or
something
like
that.
I
think
that's
that's
going
to
essentially
destroy
what
we
are
where
I
wish.
What
we
should
be
thinking
on
is
okay,
how
we
improve
as
an
organization
how
we
become
healthier,
more
organized,
have
clear
responsibilities.
C
C
F
D
I
I've
been
chatting
to
people
and,
in
all
honesty,
even
if
everything
went
back
to
normal,
you
just
have
such
a
bad
taste
in
your
mouth.
You
you
feel
disgusted
like
back
in
the
days
you
wake
up.
You
have
this
passion,
you
have
this
enthusiasm,
you
feel
like
a
family
and
you
work
together
that
there's
a
pink
song.
This
used
to
be
a
fun
house,
and
now
it's
full
of
you
know
what
it
it
just.
It
doesn't
feel
the
same
anymore
and
it
even
if
somehow
it
goes
even
back
to
normal
it.
C
And
like
no,
no,
no,
no
nathan,
we
are
just
going
through
a
process
where
most
startups
and
and
any
any
usual
companies
go.
Something
now
that
I
remember
that
tommy
mentioned
me
yesterday
is
that
I
don't
know
who
he
referred
to,
but
he
told
me
that
usually
there
is,
there
are
four
stages
in
an
organization
in
the
company.
The
first
one
is
the
forming,
then
comes
storming,
then
the
norming,
where
you
set
the
rules
and
then
the
performance
where
you
have
the
rules
to
increase
the
performance.
D
Yeah
the
the
key
word
here
is:
we,
we
don't
need
less
people
making
decisions
that
that
is
actually
what
is
failing
us.
We
need
more
people,
we
need
to
act
as
a
dao.
We
need
more
people
making
decisions,
because
there
are
people
in
the
organization,
time
and
time
again
offering
a
fresh
point
of
view,
an
outsider's
perspective,
asking
critical
questions
and
they
get
brushed
to
the
side,
because
every
squad's
got
leaders
and
there
are
people
who
act
as
influences,
and
then
we
just
move
along
in
this
momentum.
D
We're
in
this
slumber
yeah
we
need
to
wake
up.
We
need
to.
We
need
to
refocus,
we
need
to
re-strategize.
That
is
valid.
The
the
there
is
stuff
in
the
proposal.
That
makes
sense,
but
it's
not
for
someone
to
self-appoint
themselves
and
automatically
indirectly
call
everybody
else.
A
chump,
like
your
opinion,
doesn't
matter.
D
C
C
We
are
discussing
on
the
dial
that
they
are
that
they
are
working
on,
and
this
is
one
of
the
reasons
that
I
that
I
lured
them
into
like
you
can
have
a
direct,
a
direct
connection,
a
direct
impact
on
the
doubt
on
what
what
you're,
building
and
and
be
really
part
of
it
so
yeah.
This
is
our
responsibility.
C
We
are
going
to
be
more
people
making
decisions,
hopefully,
eventually
the
dao
is
going
to
decide
and
I
think
the
best
way
to
start
to
start
speaking
and
to
start
showing
some
some
initiative
and
a
new
union
and
attacking
this
everything
straight
around
is
start
making
revenue,
making
our
investors
happier
making
dxe
holders
dx
holders
happier
right
make
them
feel
more
involved.
No,
not
just
right
away,
not
take
and
not
take
any
rush
decisions,
but
this
is
what
we
need
to
do.
C
We
need
to
make
money
to
create
more
cool
products,
so
well,
at
least
that
that's
that's
my
opinion,
so
I
think
when
we
start
seeing
that
that's
very
does
that's.
Also
very,
very
tough
to
do
is
what
we
are
doing
is
very
hard
nathan.
It
is
not
easy
at
all.
We
are
just
people
from
30
people
from
all
over
the
world,
trying
to
build
cool,
decentralized
finance
applications
and
earn
money
with
it
in
a
very
competitive
market.
C
A
I
I
want
to
say
that
I
you
know,
I
very
much
agree
with
you
augusto,
like
with
pretty
much
everything
you
said
and
I
think
yeah
I
mean
you
were
always
like
sort
of
like
very
optimistic.
I
would
say
nathan
so
like
wondering
why
I
mean
I
guess
I
know
why,
but
you
know
want
to
get
you
that
optimism
back
and
I
think
yeah
like
augusta
said,
like
we're
doing
a
very,
very
hard
task
like
making
money
as
a
startup.
That's
already
very
difficult
and
then
also
doing
this
as
a
decentralized
organization.
A
A
D
I
I
alan,
I
just
feel
like
we're
turning
our
backs
on
on,
what's
been
built
in
the
past
three
years.
Like
you,
we
have
so
many
posts.
We
have
so
many
people
that
have
done
an
amazing
work,
like
john
skye
chris
keenan,
publicly
speaking
about
what
the
dao
is
about,
what
we've
been
building
and
how
we're
different.
A
I
mean
I,
I
think,
like
a
part
of
this
discussion
is
trying
to
figure
out
so
that
entire
thing
I
think
it
like
that
post
generated
like
big
discussion
around
yeah
like
what's
the
future
dicks.
I
want
to
think
that's
very
important.
You
want
to
shake
things
up.
I
hope
that
you
know
the
proposal
won't
pass
in
its
current
terms,
but
yeah.
I
do
think
we
need
to
propose
some
changes
and
I
do
think
we
need
to
see
how
we're
doing
better
and
changing
things
and
it's
good
to
have.
A
E
E
Last
year
in
portugal-
and
I
think
like
it
would
be
good
to
at
least
have
some
timeline
how
long
it
takes
like
to
resolve
these
issues
until
it
becomes
like
too
late.
You
know,
I,
I
think
it's
good,
that
this
is
sparking
a
discussion,
but
yeah
I
mean.
I
think
it
would
be
good
to
resolve
this
by
some
amount
of
time,
otherwise
it
can
be
like
too
late.
You
know,
please
be
like
I
know
until
the
we
can
solve
it
until
columbia
or
something
like
that.
C
C
A
E
D
I
I
attended
a
call
last
week
that
was
a
high
level
discussion
between
the
dx
gov
devs
regarding
governance,
2.0,
and
it
seems
like
it
was
across
the
board
developers
feeling
like
they.
They
don't
know
what
other
squads
are
doing.
They
themselves
were
not
very
well
familiar
in
depth
with
governance,
2.0
itself.
D
D
It's
not
like.
We
need
to
mind
to
something
every
single
second
or
it
breaks
and
we've
said
it
like
several
times
it.
It
won't
hurt
us
to
just
you
know,
chat,
discuss
familiarize
ourselves
with
what
each
squad
is
working
on,
how
it
you
know,
interacts
with
each
other.
We
we
we've
been
chatting
way
back
last
year
about
building
interoperable
composable
lego
pieces
right
when
we
were
doing
the
the
network
switcher
in
gx
vote.
D
We
used
the
network
switcher
we
used
for
I'm
not
sure,
was
it
aqua
and
also
swapper,
and
so,
if
we
have
more
of
that,
we'd
be
more
efficient
and
there's
nothing
stopping
us
from
doing
it.
But
with
all
this
stress
I
have
to
keep
doing
this.
I
have
to
work
on
that.
I
have
to
work
on
this.
I
have
to
push
this
and,
in
the
end,
we're
pushing
a
ton
of
features
and
there's
no
there's
no
money
coming
from
it.
Then
why
all
the
hurry?
Then?
D
If,
if
we're
like
running
in
circles
and
not
bringing
revenue,
we
should
definitely
stop
and
rethink
it's
it's,
not
necessarily
that
we're
doing
anything
wrong.
Of
course
it
doesn't
mean
it's
right
if
it's
not
not
wrong,
but
it's
it's
all
about
communication
and
and
working
together
that
there
are
a
lot
of
ways.
We
could
turn
things
around
and,
as
several
of
you
have
already
said,
the
the
entire
space
is
in
a
in
in
a
similar
situation.
We
it's
like
why,
all
of
a
sudden,
we
have
all
this
notion
that
we're
losers.
D
C
Regarding
yeah,
regarding
that,
this
is
something
that
I
I'm
going
to
try
to
pursue
on
my
future
contributor
proposal
and
I'm
going
to
be
meeting
hopefully
later.
This
call
with
the
swapper
swapper
squad.
I
we
already
have
been.
I
already
shared
my
contributor
proposal,
my
future
one
with
them,
because
one
of
the
goals
there
is
to
start
bringing
this
cross
collaboration
between
squad
because,
like
you
said
all
of
them
all
of
the
developers
here,
write
javascript,
they
use
web3
web
3gs,
they
some
of
them
some
of
the
developers.
C
They
are
already
contributing
on
smart
contract
development
on
solidity.
So
there
is
a
lot
of
things
that
we
can
share
all
of
them.
They
play
the
same
sport,
so
we
we
have
everything
ready
to
start
cross-collaborating
and
to
create
an
environment
where
we
can
share
information
and
on
our
knowledge,
in
a
more
directly
and
unhealthier
way,
and
also
reward
good
sharing,
sharing
knowledge
right.
So
this
is
something
that
hopefully
is
going
to.
C
Hopefully,
I'm
going
to
be
able
to
change
soon,
to
start
enabling
more
collaboration
between
developers
and
without
increasing
their
expertise
and
inexperience.
It
was
fun
when
I
asked
the
the
dx,
gob
and
developers
I
think
was
two
weeks
ago,
like
hey
guys,
we
have.
There
is
a
lot
of
features
on
swapper
on
solit.
I
I
checked
them
and
some
of
them
they
are
already.
C
A
A
I
don't
know
a
thousand
active
wallets
using
carrot,
for
example,
this
could
be
a
goal
right
for
I
don't
know
a
year
from
now.
If
we
don't
reach
this
goal,
then
we
do
not
get
paid
with
extra
dxt.
This
is
just
like
an
example
I
gave
in
the
in
the
forums,
but
we
I
think
this
is
the
first
thing
that
we
need
to
do
basically.
D
The
tool
that
you
had
to
build
and
then
you
you're
asked
to
be
efficient
working
with
that
tool.
It
you
just
becoming
more
inefficient.
Like
you,
you
even
wasting
your
time
even
more,
like
re-strategizing
restructuring,
refocusing
means
just
like
what
we
did
with
almond
ammon.
No,
no,
as
john
has
said
many
times,
wait
wait
if
nate
rethinking
on
a
base
level
like
the
protocol,
yeah.
A
Not
I'm
talking
a
level
below
omen
or
swapper
or
or
anything
I'm
talking
about
what
is
the
goal
of
the
excel,
and
once
we
have
the
goal
of
the
excel,
we
want
to
have
a
thousand
active,
wallets
monthly
active
wallets.
Whatever
the
metric
is,
when
they
have
a
thousand
active
wallets
in
our
products,
then
we
will
know
what
we
need
to
lose
right.
What
what
do
we
need
to
give
up
on
and
what
do
we
need
to
focus
on,
but
we
needed
to
have
like
high
level
goals.
A
And
then
from
there
yeah
and
then
from
there
you
could
say
like
okay,
so
each
squad,
let's
see
you
know
the
exp
squad,
we
can
say:
okay,
if
we
want
to
reach,
if
carrot
needs
to
reach
a
thousand
at
the
wallets,
then
we
need
to
have,
I
don't
know,
20
different
campaigns
on
swapper
that
are
funded
by
the
external
like
incentivized
or
like
I,
and
just
like
this
is
the
line
of
thinking
that
I
have
and
yeah.
Thank
you.
Sorry.
If
you
want
to
take
it.
E
E
So
we
might
probably
be
better
off
if
let's
say
that:
okay
dx
tau
vests
a
thousand
500
dxt
this
quarter,
something
like
that
and
then,
if
dx
tau
is
able
to
convert
thousand.
So
let's
say:
if
our
goals
are
thousand
wallets,
then
if
it
is
like
we
reach
about
700
wallets,
then
you
rest
70
percent
across
all
the
contributors.
D
Down
the
line
because
it's
a
little
like
jump,
jumping
the
gun,
chris
shared
an
article
about
now
arbitrary
nitro
being
10
times
five
times,
whatever
more
efficient
than
even
binance
smart
chain,
which
is
pretty
centralized
with
their
validators
and
miners.
So
binance
still
has
a
ton
more
a
ton
of
more
volume
because
it's
tied
to
the
centralized
exchange,
finance
and
and
binance
charge
more.
If
you
wish
to
move
your
money
to
arbitrarium
and
it's
a
lot
cheaper.
D
D
I
pretty
much
believe
that
arbitrarium
are
at
the
forefront.
You
know,
aside
from
zktec
in
in
in
rollups,
and
what
they're
doing
with
nitro.
I
think
we're
really
lucky
to
be
on
arbitrary
with
swapper,
although
we
can't
monetize,
but
you
could
be
an
investor
in
arbitrary
and
say
appointed
finance,
smart
chain
and
say
why
don't
you
have
that
volume
like
what
could
they
do?
How
can
you
fight
with
binance
you?
D
You
do
have
on-ramps
and
off-ramps
on
arbitrary,
it's
not
like
you,
don't
have
on-ramps
and
not
france,
but
still
there
are
certain
entities
in
the
space
that
have
this
momentum
and
and
it
it's
just
a
lot
easier
for
them,
and
so
you,
if,
if
you
jump
the
gun
and
start
comparing
yourself
to
them
and
putting
metrics
that
you
need
to
chase
you're,
losing
the
plots
like
you.
Don't
you
don't
need
to
compare
yourself
with
others
to
innovate.
D
For
example,
we
we
could
start
from
scratch,
we
could
do
dab
chains,
we
could
do
we
could
fork.
You
know,
lending
protocols
get
bogged
down
with
dealing
with
oracles
get
exploited.
All
that
shibang
we
could
do.
That,
like
is.
Is
it
gonna
be
much
better
like?
How
quickly
can
we
monetize
and
start
making
money
with
those
right,
or
are
we
going
to
waste
another
two
years
and
end
up
with
with
nothing
or
we
could
look
at
what
we
got
in
a
tool
stack
like
we
got
guilds
ready.
D
A
A
A
No
nathan,
I
don't
think
that's
true,
because
you're
talking
about
how
to
govern
certain
products,
but
no
one
gives
like
I'll
just
say
it
like
a
bloody.
No
one
gives
a
about
these
products
and
we
need
to
figure
out
like
what
do.
We
need
to
do
to
make
these
products
successful
before
we
think
about
how
we
govern
them
and
like
some
of
these
products,
we're
going
to
have
to
give
up
on
and
we're
going
to
have
to
structure
the
focus
of
the
entire
geek
style,
like
it's
an
organization
to
figure
out?
D
D
And
this
is
stuff
we
could
talk
about
on
on
the
retreats,
but,
like
none
of
us
here
are
putting
a
proposal
to
say
from
now
on
you
and
I
will
be
governing
this
organization,
and
everybody
else
will
just
have
to
execute,
and
if
you
don't
execute
you
get
executed
right
it
doesn't
it's
just
not
the
environment.
People
want
to
work
in,
like
zed
was
constructed,
he
said,
can
we
chat
on
the
friday
strategy,
go
about
thinking
how
we
could
lay
people
off
if
we
find
someone
that
can
replace
them?
That
can
do
a
better
job.
D
We
can
be
constructive,
we
can
be
critical
of
ourselves,
we
can,
we
can
think
of
refocusing
and
restructuring
without
burning
bridges
between
ourselves
like
like.
If
I
meet
someone
a
month
later
like
do
I
hug
this
person?
Do
I
smile
at
this
person
or
are
we
gonna
be
hypocritical
with
each
other
putting
masks
on
our
faces
smiling,
but
inside
burning
with
hate?
D
F
You
need
to
have
people
who
can
ship
products
and
reach
goals,
and
you
know
do
what
they're
supposed
to
and
if
they're,
not
good
enough
or
if
they
don't
deliver,
then
they
they
don't
need
to
be
a
part
of
the
organization,
and
it's
I
mean
that's
that's
how
companies
organizations
that's
how
they
work.
You
have
a
goal
to
generate.
D
D
F
I
think
listen,
I
think,
geronimo
listen.
I
think
I
think
geronimo
is
raising
initiatives,
basically
that
he
thinks
could
improve
deep
south.
I
think
everything
goes
if
he
wants
to.
If
he
thinks
that
we
should
do
our
own
chain,
then
you
know
he
could
sort
of
like
advocate
for
this
and
see
if
he
can
convince
people.
This
is
worth
it.
F
No,
it's
not,
I
mean
listen.
That
proposal
is
not
binding.
He
hasn't
proposed
it
to
the
dao
and
it
hasn't
passed.
He
raised
something
in
this
forum
erase
the
discussion,
which
is
great.
We
want
to
discuss
things.
We
want
to
talk
about
like
the
painful
things
that
are
happening,
because
that's
the
only
way
to
improve
them
right.
F
A
E
E
We
need
to
write
down
what
the
goals
of
dx
dow
are.
People
need
to
put
put
those
share,
those
ideas
and
then
vx
down
needs
to
decide
as
a
dao
what
the
goals
of
dx
tao
are
right
like
otherwise
it
seems
like
we're
going
in
circles
and
and
we
can't
move
forward
if
no
one
knows,
if
only
some
people
or
no
one
knows
what
the
goals
of
dx
dao
is
trying
to
achieve
right.
E
So
do
we
have
to
start
with
that,
and
I
don't
think
I
don't
know
if
we
can
wait
till
bogota
to
start
with
that,
we
need
to
the
fact
that
dx
that
no
one
here
knows
what
dxdou's
goals
are
is
already
a
major
problem
right.
How
can
we
make
more
proposals
on
products
or
restructuring
or
refocusing
without
knowing
the
goals
of
dx
dao?
So
we
need
to
do
that
now,
not
in
wait
till
bogota.
We
need
to
start.
F
E
E
We
can
see
if
there's
like
three
goals
that
come
out
at
the
top
of
the
list,
and
everyone
has
in
the
same
in
the
same
mind,
but
yeah
people
should
should
start
to
share
what
they
want
the
goals
of
dxdow
or
they
think
the
current
goals
are
you
could
you
could
say
here
are
the
current
goals?
Here's
what
I
think
the
future
goals
should
be,
but
we
need
goals
of
dx
dao.
I
think.
F
D
John
is
right:
yeah,
we
know
what
our
goals
are:
building
d5
products
governing
them
building
them,
and
if
you
look
at
swapper,
does
that
match?
Are
we
building
and
governing
a
defy
protocol?
Yes,
but
is
it
right?
No,
so
it's
not
about
what
we're
doing
it's
about,
how
we're
doing
it-
and
I
mentioned
that
earlier-
there
are
people
suggesting
ideas,
but
there
are
people
with
influence
and
and
and
people
who
are
like
squad
leads
who
are
not.
D
D
When
did
the
dow
okay
for
the
squads
to
do
this,
and
then
we
say
yeah,
the
dow
doesn't
need
to
do
it.
There's
a
squad
leader
but
is
is
isn't
that
actually
clashing
with
what
the
dao
is
so
so
we
know
what
we
need
to
build
d5
products
we
are
building
it,
but
we're
not
doing
it
right,
and
so
the
problem
is
more
about
how
we
operate,
how
we
govern
ourselves
witnessing
process.
I.
F
Think
it's
a
very
it's
a
dangerous
generalization
to
say
our
goal
is
to
build
different
products,
because
you
know
it
doesn't
say
anything
about
whether
they
are
successful.
It
will
generate
revenue
if
they
have
uses.
Like
that's
dangerous.
You
need
to
quantify
like
how
do
you
want
them
to
be
successful?
What.
F
F
F
G
Look
nathan,
you
don't
need
to
get
stuck
with
the
like
the
the
draft
post
that
was
posted
on
the
forum
or
the
discussions
we
had
like.
In
the
end,
it
is
the
rep
holders
that
decide
right.
So
so
nothing
is
written
in
stone.
What
have
whatever
happened?
If
you're
like
unhappy
with
how
people
some
people
acted?
It's
okay,
let's,
let's
show
them
something
better
and
then
and
then
we
can
move
on
as
a
dao.
I
think
that's
the
best
way
to
do
it.
G
G
And
obviously,
there's
a
lot
of
feelings.
I
feel
you
nathan,
like
you're
you're
you're,
our
biggest
like
yeah.
You
have
a
lot
of
energy
and
and
and
yeah
there's
some.
We
have
a
small
hiccup
here
and
I
think
we
could
try
to
get
stronger
from
this
and
not
not
feel
weaker.
I
think
we'll
get
stronger
from
this,
and
this
is
not
like
the
first
time
we
had.
We
had
issues
we
are.