►
Description
Planet_X is a full-time crypto investor based in Norway who recently shared his platform as a Recognised Delegate in MakerDAO. He joins the AMA to share insights on the launch of vote delegation in MakerDAO, how he sees his role as a delegate, and what opportunities he sees for MakerDAO in the future.
Planet_X:
Delegate Platform - https://forum.makerdao.com/t/planet-x-delegate-platform/9422
Chat - Planet_X
Forum - Planet_X
E-mail - botbaby72@gmail.com
MakerDAO:
Chat - chat.makerdao.com
Forum - forum.makerdao.com
Jerry Goldfarb:
Chat - @Jerry.G
Forum - @jerryag
LinkedIn - https://www.linkedin.com/in/jerry-g-188a8a210/
Twitter - @JellyProducer
A
B
All
right,
I
discovered,
I
mean
my
background,
I'm
a
I'm
a
mechanical
engineer.
I
have
an
oil
and
gas
background,
so
I
first
worked
as
an
engineer
for
doing
various
oil
and
gas
equipment
things
and
and
then
I
changed
to
being
an
analyst
also
for
oil
and
gas,
and
one
day
I
discovered
bitcoin,
and
I
thought
that
that
was
interesting,
but
I
you
know
didn't
do
anything
with
it
and
then
some
I
think
years
later
I
actually
bought
a
few
bitcoins,
and
that
was
that
was
boring.
B
B
A
B
B
They
tore
themselves
apart
simply
because
they
were
too
successful
and
too
greedy,
and
then
they
stumbled
on
the
way
and
if
they
just
you,
know,
quiet
down
a
little
bit,
you
know
they
would
probably
you
know
they
would
have
made
the
made
it
through
the
dot-com
bubble,
but
they
didn't
so
just
by
you
know,
keeping
cool
a
little
bit
and
not
get
too
excited,
even
if
the
times
are
good.
That
could
be
quite
beneficial
so
that
all
of
that
made
me
interested
in
making
governance.
C
Oh
yeah
sure
I
was
asking
the
group
generally,
but
I'd
love
to
hear
your
opinion
to
planet
x,
but
in
this
whole
process
of
soft
launching
delegates,
both
shadow
and
like
recognized
delegates
all
of
these
amas
everything
what
has
been
kind
of
the
number
one
thing
that
has
stood
out
to
you
so
far.
It
could
be
anything-
and
I
know
this
is
a
super
general
question.
B
B
C
Hypothetical
question:
if
you
were
to
get
the
like
dominant
share
of
delegate,
you
know
delegated
mkr
and
let's
say
that
you
became
perhaps
like
a
60
weight
of
the
vote.
You
could
pass
any
vote
right.
Would
you
advocate
for
people
taking
like
away
some
of
your
delegated
weight
or
like?
How
would
you
handle
that
kind
of
situation.
B
Yeah,
first
of
all,
I
don't
think
a
single
delegate
should
have
too
many
votes.
That
includes
me,
and
so
yes,
I
would
argue
for
them
to
take
some
off,
and
I
would
then
also
stop
voting
for
anything
except
the
executive.
So
I
would
keep
voting
for
the
executive,
but
I
wouldn't
vote
for
anything
else.
C
B
That
has
been
discussed.
Let's
say
a
delegate
is
unavailable
for
some
time.
Let's
say
him
or
her
the
they
have
a
medical
situation
or
they
go
on
an
extended
vacation.
You
know
whatever.
Perhaps
they
should
be
some
kind
of
delegate
to
another
delegate
kind
of
option.
You
know
that's
one
thing
and
then
should
we
be
able
to
reject
nah
I
don't.
Maybe
a
maximum
amount
would
be
more
appropriate,
so
you
could
get.
Let's
say
you,
perhaps
a
maximum
of
25
or
30
or
something
of
the
vote.
C
A
B
Yeah,
well,
I
don't
think
we
can
avoid
that
bubble.
I
don't
think
we
can
be
here
for
sufficiently
robust
and
cool-headed
enough
to
to
bray
one
if
it
happens,
or
you
could
also
argue
that
we
are
still
in
the
middle
of
a
bubble,
but
we'll
see
how
that
develops
real
world
assets
is
is,
of
course,
one
one
possibility
for
scaling,
probably
the
best
one,
but
how
exactly
that
will
look.
It
has
yes
has
yet
to
be
decided,
and
I
you
know
I
don't
have
an
answer
for
you
about.
B
B
Yeah
the
there's
been
talks
about
how
delegates
are
politicians,
I'm
not
sure
I
feel
like
a
politician.
I
feel
like
more
of
a
kind
of
a
board
member.
The
problem
for
maker
is
that
what
we're
doing
is
so
complex,
so
it's
it's
not
like
one
person
is
correct
or
more
or
less
correct
than
anyone
else
is
more
like
the
the
crippled
leading
line,
and
we
hope
we
end
up
in
a
better
place
eventually.
A
So
I
guess
on
those
lines,
what
do
you
see
as
like
the
ultimate
goal
for
delegation
in
your
personal,
like
peak?
I
guess
what
you
would
think
is
the
best
outcome
like
do
you
think
it
would
be
good
for
delegates
to
be
cross-platform
and
delegate
for
a
lot
of
different
types
of
protocols,
or
do
you
think
it
would
be
better
for
people
to
be
a
lot
more
specialized
and
stick
with
one
or
two
protocols
that
they're
more
familiar
with?
Perhaps.
B
That
would
depend
on
the
protocol,
so
if
we,
if
we
compare
to
to
real
world
companies,
there
are
sectors
here
there
where
board
members.
They
have.
You
know
a
ton
load
of
board
memberships
when
they
begin,
I
think
when
they
are
sort
of
into
that
game.
One
one
example
is
the
real
estate
industry,
where
it's
very
common
for
board
members
to
have
10
15.
You
know
or
more
even
board
memberships
in
other
real
estate
companies,
and
why?
B
Right
now,
I
feel
that
crypto
is
most
likely
more
to
more
comparable
with
a
a
tech
company
and
the
the
sheer
amount
of
complexity
inside
a
d5
project
makes
it
hard
for
delegates
to
be
cross-plot
course
platform.
I
mean
it
can
be
done,
especially
if
the
if
the
platforms
are
relatively
comparable,
but
I
think
it's
difficult.
A
A
B
I
I
actually
don't
know
because,
if
the
I
mean
honestly,
there
is
no
way
that
I,
as
a
delegate,
can
understand
every
aspect
of
what
is
going
on
at
maker.
I
can
try,
I
get
better.
The
most
important
thing
is
just
to
have
a
kind
of
a
helicopter
view
of
what's
going
on,
and
care
about,
the
care
about
strategy
directions
and
the
the
more
tactical
and
technical
decisions
are
better
left
to
to
our
in
the
heads
of
the
core
units.
A
B
D
Yeah
something
kind
of
interesting
there,
just
in
terms
of
thinking
about
the
inability
to
really
have
like
a
full
scale
of
everything,
that's
going
on.
So
how
do
you
handle
it,
then,
when,
when
you
disagree
with
with
different
delegates
or
different
core
core
unit
facilitators
or
otherwise
a
core
personnel
with
a
maker?
How
do
you
kind
of
handle,
possibly
knowledge,
asymmetry
right,
combined
with
having
the
the
ultimate
responsibility
of
placing
the
vote
there.
B
Yeah,
well,
you
said
it
already
that
the
the
I
feel
that
the
important
bit
is
to
try
to
level
the
knowledge,
symmetry
or
asymmetry
before
you
disagree
too
much,
because
very
often
the
the
disagreements
they
they
come
from
viewing
either.
You
view
the
same
thing
differently,
and
you
know
that
is
you
know
a
matter
of
personal
opinion,
but
also
because
the
the
knowledge
is
simply
unequally
distributed
with
regards
to
to
a
number
of
things
and
then
just
try
to
talk
about
it.
It
usually
helps,
but
not
always.
A
In
terms
of
trying
to
keep
up
with
everything,
as
well
as
the
disagreements
and
stuff
are
there,
any
tools
you
feel
like
would
be
useful
for
helping
delegates
to
either,
like
I
say,
get
more
of
a
view
of
what's
happening
at
a
larger
scale
or
in
order
to
discuss
these
topics
more
effectively.
Perhaps.
F
A
planet
x
to
the
flex
wanted
to
so
I
heard
a
zoo,
zoo.
Three
arrows
capital
mentioned
that
deutsche
koi
is
the
woodstock
of
crypto
right.
It's
like
the
the
coin
that
kind
of
protests
against
the
structural
system
known
as
wall
street
or
banks
for
millennials
and
z
generations.
I
was
just
wondering
you
know
when
he
said
that,
like
how
do
we
take
guy
to
be
something
symbolic
for
the
next
generation
of
young
folks,
right
like
in
your
opinion?
F
What
do
you
think
we
have
to
do
to
get
that
generation
both
of
them
millennials
degeneration
to
kind
of
identify
with
not
necessarily
a
woodstock
of
crypto,
but
you
know
a
coin
that
can
obviously
elevate
their
financial
freedom.
In
my
opinion,
what
are
your
thoughts
on
that?
How
do
we
make
that
happen?.
B
I
I
haven't.
I
have
no
idea,
I
don't.
I
don't
even
have
a
fantasy
about
making
diamecoin.
I
don't
think
it's
doable
in
order
to
become
a
meme
coin.
You
need
you
need
to
have
a
a
a
huge
bucket
of
irrationality
attached
to
it
like
yeah
nfts.
They
have,
you
know
practically
made,
I
mean
that's
makes
1
sense
and
it's
99
speculation
and
fascination
for
new
things.
B
So
nfts
are
immutable
and
then
you
have
things
like
yeah,
douchecoin,
elon,
musk's,
favorite
coin,
all
right!
Well,
the
the
whole
coin
makes
no
sense
and
that's
exactly
why
it's
memeable
but
die
makes
perfect
sense,
and
perhaps
because
of
that,
it's
highly
unlikely
to
ever
be
memeable,
and
I
don't
have
any
idea
about
anything
that
will
make
it
memorable.
F
Got
it
so,
I
guess
from
hearing
you
out,
you
feel
that
rwas
are
kind
of
like
the
future
to
scale
dye
and
the
protocol.
So
how
do
you?
How
fast
do
you
think
we
should
we
should
ramp
up
right?
Do
you
think
by
2022
we
should
be
at
a
tvl
of
over
one
billion.
Do
you
think
that's
possible,
or
do
you
think
it's
gonna
be
as
matt
described
yesterday's
on
yesterday's
call
about
that
we
have
to
kind
of
walk
before
we
run
type
of
mentality.
B
I
would
be
very
careful
to
attach
a
figure
to
a
date
that
that's
that
is
either
going
to
be
a
very
brave
or
slightly
foolish
thing
to
do.
I
feel
we
need
to
have
a
reasonable
assurance
that
the
mechanics
we're
proposing
are
functional,
both
financially
and
legally,
and
then
slowly
ramp.
Up
what
we're
doing
I
mean
we,
we
can't
go
for
a
fantastic
figure
right
away.
That's
that
would
be.
B
F
B
Yes,
it's
of
course
possibly
try
to
be
a
little
bit
prepared.
I
mean
the
facebook's
stable
coins
rumors
indicate
they
might
launch
the
wallet
this
year
and
the
the
stable
going
perhaps
soon
after
and
that
will
of
course
could
have
a
substantial
impact
on
the
on
the
crypto
industry.
What
that
impact
will
be?
I
have
no
idea
about,
but
it
might
be
an
advantage
to
keep
an
eye
on
that
sector.
C
B
B
B
Does
this
really
matter
because
before
you
never
had
a
thing
like
curve?
If
now,
if
I
have
a
usdc
and
I
need
to
die,
I
just
go
to
curve.
I
swap
it
almost
one
to
one
and
I
have
die
and
vice
versa,
because
just
go
back
again,
so
I
am
I'm
not
convinced
that
we,
I
mean
everybody
loves
a
huge
market
share
of,
of
course,
but
am
I
convinced
that
it's
completely
necessary,
possibly
not
and
pivot,
about
things
yeah?
Well,
we
could
always
raise
the
dsr
our
dice
savings
rate.
That
would
be
wonderful.
C
C
You
know
non-blacklistable,
you
know
money
that
people
could
use
around
the
world
and
I
think
that's
why
we
saw
so
much
use
in
like
places
like
argentina
and
elsewhere,
like
in
emerging
economies
really,
but
not
so
much
the
modern
world,
because
we
have
you,
know
credit
cards
and
access
to.
You
know
modern
day
financial
system,
stuff
yeah.
So
what
about
so
yeah?
I'm
also
not
convinced
that
needs
to
be.
C
Like
the
you
know,
the
line
share
of
the
stable
coin
market,
but
I'm
curious
about
your
view
on
maker,
dow
launching
other
synthetic
assets,
not
just
dye,
not
necessarily
even
euro
die,
although
I
know
that
there
was
a
declaration
of
intent
that
was
passed
for
some
research
around
euro
die,
but
yeah.
I'm
curious
about
just
your
view
about
that.
Full
topic
in
general
expanding
beyond
die.
B
C
So,
for
example,
so,
for
example,
in
maker
protocols
early
days,
the
original
intention
was
to
actually
create
like
a
synthetic
sdr
and
sdr,
obviously,
is
not
a
very
liquid
thing
and
for
those
of
you
don't
know,
sdr
is
a
currency
basket
that
is
designed
by.
I
think
the
imf
and
it's
basically
a
mixture
of
some
of
the
top
like
world
fiat
currencies
and
you
know
having
them
in
a
basket
together,
creates
like
that
similar
diversity,
diversification
benefit
that
maker
tries
to
capitalize
on
in
its
collateral
portfolio.
C
So
so
yeah,
the
sdr
or
something
like
it,
maybe
even
like
a
consumer
price
index
tracker
and
even
a
fro
of
free
floating
money
like
rye,
is
doing
really
like
there's
a
lot
of
different
options
for
what
maker
can
do
with
with
with
synthetic
money,
because
that's
pretty
much
what
that
is.
As
a
category
yeah.
B
Well,
eventually,
it
might
become
interesting.
The
the
problem
is
that
people
they
don't
have
any
relationship
to
the
sdr.
It's
a
thing
that
exists
for
the
the
imf
for
lending
money
to
developing
countries
and
most
people.
They
they
know
what
the
euro
is.
They
know
what
the
the
us
dollar
is,
and
you
know
that
is
you
know
for
the
next
couple
of
years.
That
is
more
than
sufficient,
eventually
sure
it
would
be
interesting
right
now.
B
E
E
B
B
B
Yes,
it's
of
course,
but
you
need
to
leave
people
a
bit
of
space
to
to
to
research
and
develop,
and
you
know
it
it's
never
going
to
be
factory
work.
So
yeah
we'll
see
how
this
develops,
but
especially
around
the
the
distribution
and
organization
of
work
within
core
units
I
mean
in
some
core
units
I
mean
there
could
be
like
two
out
of
ten
guys
doing
all
the
work
for
all
I
know,
or
it
could
be
fantastically
well
distributed
again.
B
B
E
E
B
Yeah
yes,
balances
and
the
problem
is
that
when
you
start
a
work,
you
don't
know
if
it's
gonna
take
four
months,
you,
it
is
something
you
you
are
assuming.
So,
yes,
it
is
problematic
and
one
way
of
solving
it
is
through
openness.
So
interested
person
can
at
least
see
what
what's
going
on
at
times
it
might
not.
B
C
Yeah,
I
can
actually
actually
piggyback
off
of
that.
I
I,
as
a
core
unit,
facilitator,
really
appreciated
what
scs
did,
because
they
put
a
huge
emphasis
on
not
just
like
self-reporting
for
core
units,
but
also
for
inviting
others
to
audit.
Like
I
know,
part
of
their
scope
was
to
actually
do
audits
and
do
recommendations
and
eventually
that
that
also
became
a
bit
of
common
scope.
So
that's
what
we're
doing
now
with.
C
I
definitely
feel
the
sense
of
creating
a
select
view
of
the
core
units,
so
we
have
like,
for
example,
a
public
team
drive
and
on
that
team
drive
yeah.
We
have
you,
know
our
project
tracking
dock
and
you
can
actually
see
week
to
week.
If
anybody
can
view
it,
you
could
see
with
the
stuff
that
we're
working
on
and
and
and
there's
obviously
tons
of
other
stuff.
You
know
like
project
overview
documents,
metrics
so
long
as
like
there's
no
sensitive
data
in
there
and
really
for
core
units.
C
It's
for
us
at
least
it's
been
a
matter
of
you
know
what
is
sensitive
information.
You
know,
what
can
we
share?
What
shouldn't
we
share
and
we're
lucky
that
you
know
we're
just
the
team
of
two
right
now
and
not
a
team
of
like
12
like
protocol
engineering,
or
I
think
you
guys
are
even
more
now
but
yeah.
So
that's
my
little
rant
on
that
topic
just
to
share
some
information
with
everybody.
A
B
That's
a
bit
of
a
tough
one.
I
would
say
that
it
really
depends
on
on
what
you're
doing
so,
let's
say
you're.
Well,
unless
you
need
your
co
you're
doing
content.
Well,
I
mean,
let's
say
it
would
be
quite
natural
to
eventually
do
projects
if
for
other
teams
as
well
other
protocols,
that's
fully
doable.
For
you
know
if
the
finance
team
starts
doing
work
for
other
protocols,
I
would
start
to
scratch
my
head
a
bit,
so
I
would
say
it
really
depends.
B
A
E
I
I
think
I'm
I'm
good.
Thank
you
just
to
add
color.
To
the
last
point
I
mean
we,
we
have
two
individuals
on
our
team
who
are
advisors
to
other
protocols
and
we've
had
the
internal
discussion
that
well,
you
know
if
this
starts
taking
more
time
than
than
is
expected,
then
then
there's
a
known
that
there's
a
responsibility
on
me
as
a
facilitator
to
say:
okay.
Well,
this
changes
the
nature
nature
of
the
relationship
and
how
much
work
is
getting
done.
I
mean
not
even
close
to
that.
E
This
is
sort
of
a
after
hours
type
of
advisory
engagement.
So
there's
there's
no
problem
there,
but
I
think
you'll
see
in
this
decentralized
world
that
people
will
get
more
exposure
to
other
protocols.
Other
initiatives,
it's
such
a
fast-moving,
big,
broad,
open
space
that
you
want
to
give
people
the
freedom
and
the
ability
to
see
what's
going
on
elsewhere,
because
it
just
comes
back
and
brings
more
ideas
back
into
our
ecosystem.
D
Yeah,
that
was
a
good
one.
I
wanted
to
circle
back
earlier.
You
you
mentioned
planet
about
marking,
share,
not
necessarily
being
the
goal
right
or
maybe
not
being
convinced
that
market
share
should
be
a
goal.
So
I
wanted
to
ask
you
about
like
revenue
generation,
if
you
had
thoughts
on
that
and
the
direction
you'd
like
to
see
the
protocol
go
in
or
a
general
guiding
philosophy.
B
Yeah,
if
we
compare
ourselves
to
a
traditional
company
revenue
generation,
is
that's,
that's
good,
absolutely
and
market
share
would
be
king
and
profit
would
be
a
distant
third,
that
you
know,
that's
how
I,
as
fast
scaling
company
grows.
That
is
the
typical
you
can.
Amazon
is
a
great
example
that
they
lost
money
year
after
year,
while
growing
at
an
immense
pace.
B
More
recent
example
would
be
the
payment
provider
klarna,
which
is
growing
at
a
humongous
pace,
but
the
they're
losing
a
lot
of
money,
but
that
does
not
stop
them
and
so
with
maker.
I
would
definitely
like
to
see
maker
being
in
that
situation
and
a
growing
market
share
growing
revenue,
and
you
know
that
the
profit
will
be
there
eventually.
B
B
A
I
wanted
to
take
it
back
for
a
second
to
the
stablecoin
talk.
Conversation
there's
obviously
been
lots
of
discussion
about
usdc
being
such
a
large
portion
of
the
collateral.
That's
currently
backing
die
and
we
just
passed
the
pax
into
the
psm
as
well.
Is
there
any
other
stable
coins
that
you
think
it
would
make
sense
for
us
to
look
a
little
closer
at
to
also
add
to
the
psm?
A
B
You're
not
gonna
like
the
answer,
but
the
the
obvious
one
is
the
facebook
stable
coin
when
it
comes
out,
so
I
don't
know,
I
have
no
idea
what
the
the
technical
foundation
of
that
coin
will
be,
but
the
our
our
psm
is
going
to
be
a
long
be
around
for
a
long
time.
So
we
we
just
have
to
learn
to
live
with
it.
A
B
The
coolest
thing:
well,
I
think,
just
you
know
putting
collateral
into
a
wall
getting
stable
coin
out.
I
think
I
think
that
will
qualifies
as
really
cool,
and
I
think
there
are
so
many
good
minds
around
also
with
regards
to
to
how
we
structure
real
world
finance
and
how
we
get
in
on
the
on
the
all
the
all
kind
of
the
liquidity
pools,
and
it's
it's
amazing.
A
B
Lost
no
we're
working,
as
I
think
it's
more
or
less
going
as
fast
as
we
can
and
we're
doing
the
right
things
on
on
a
global
scale.
And
of
course,
if
you,
if
you
look
into
how
some
competitors
have
grown,
you
could
of
course
argue
that
a
super,
easy
user
interface
would
do.
You
know
that
could
work
or
you
know,
with
very
early,
detecting
that
the
that
union
swap
was
going
to
be
a
thing
and
integrate
with
such
a
provider
already
at
that
stage.
B
A
Fantastic
yeah,
I
think
that's
a
I
would
tend
to
agree
myself.
I
just
think
it's
an
interesting,
interesting
thought
that
can
end
up
in
rabbit
holes
for
myself
quite
often,
but
unless
anybody
else
has
questions,
I
think
that's
a
perfect
note
to
end
on
actually
open
the
floor.
If
anybody
else
has
good
alrighty
well,
thank
you
so
much
for
joining
us
today,
planet,
x
and
all
of
your
insights
thank.