►
From YouTube: Open Decentralized Voter Committee | Clusters & MetaDAOs
A
A
A
So
it's
like
it's
a
forum
post
on
the
mega
form
right
and
the
most
important
thing
to
really
kind
of
emphasize
is
that
it
doesn't
do
like
it's
not
a
like
a
real
thing
in
terms
of
governance
or
something
like
that
right.
This
is
you
know
like
at
this
current
stage
where
the
in-game
maps
they're
not
even
up
for
voting
it,
but
but
you
know
they
haven't
been
approved
or
rejected.
So
this
is
a
kind
of
a
tiny
sort
of
a
hypothetical
and
I
think
I
mean
I.
A
Think
it's
very,
very
useful
to
have
this
to
give
some
color
on.
You
know
what
the
sort
of
the
upside
of
the
end
game
is
because
I
think
so
far.
People
are
most
a
bit
exposed
to
the
downside
in
terms
of
all
the
complexity
and
all
these
like
new,
all
this
new
stuff
right
and
but
with
no
no
real,
concrete
sense
of
what's
the
what's
the
advantage
of
this
and
now
there's
a
kind
of
now,
there's
a
there's,
a
kind
of
a
you
know
a
view
into
what
do
the?
A
What
does
the
upside
actually
look
like
right,
because
it
allows
us
to
do
things
like
this,
so
this
is
the
kind
of
stuff
that
would
be
possible
if
the
mips
are
approved,
and
but
that's
just
very
important
too
to
point
out-
and
it's
also
I
mean
it's
mentioned
here
right
in
that
pending
governance-
approval
right-
that
that
the
the
metadata
concept
isn't
even
a
thing.
Yet
it
may
it's
just
something
that's
up
for
up
for
as
a
for
as
a
proposal,
and
then
the
other
thing
I
want
to
point
out.
A
Is
this
thing
about?
What's
the
definition
of
a
cluster
right,
so
it's
a
cluster
is
different
from
a
metadown
or
discuss
it
before,
but
like
The,
Meta
tiles
are
launched
by
maker
governance
they're.
Basically,
some
code,
that's
run
through
an
executive
boat
by
mkl
holders
that
voted
through,
and
then
by
running
that
code,
they
activate
a
bunch
of
factories
and
a
bunch
of
different
smart
contracts
and
then
create
the
tokens
and
start
Distributing.
A
You
know
element
of
discussing
the.
How
does
this
clust
I
mean
the
cluster
kind
of
brings
the
the
tech
and
the
product?
And
then
there's
this
sort
of
initial
kind
of
I
mean
this
is
the
first
time
anything
like
this.
Has
been
done
right,
but
the
whole
point
of
a
cluster
is
that
again
it's
not
a
it's,
not
a
matter
that
by
itself
it's
sort
of
a
proposal
and
an
attempt
to
interact
with
the
community.
A
Okay,
so
with
that
I
think,
okay,
let
me
actually
I
will
read
the
chat
for
a
second
yeah,
and
it's
funny
that
yeah
there
was
a.
There
was
a
misunderstanding
with
a
name
or
mix
up
with
the
name
where
apparently
Deco
already
claimed
the
the
Crimson
name
or
something
like
that
and
then
I
I
simply
I
I
mean
the
idea.
The
whole
point
of
picking
the
tertiary
and
quaternary
colors
was
that
we
already
had
this
issue
with
the
numbers
before
you
know.
A
But
hopefully
this
this
doesn't
happen
again,
because
there
should
be
so
many
tertiary
and
quaternary
colors
and
also
the
colors
don't
mean
anything
so
like
that
again,
just
to
reiterate
right
that
the
the
cluster
announcement
isn't
the
sort
of
the
metadata
announcement
of
the
metadata
proposal
or
the
method
of
creation,
or
anything
like
that
and
so
like.
If
anything,
the
one
the
what
the
caller
does.
Is
it
what
the
so
the
name
of
the
cluster
makes
it
impossible
for
the
metadata
to
have
that
name?
A
Basically,
so
it
does
sort
of
the
opposite
of
of
locking
down
a
name
or
brain
or
something
because
it's
just
to
try
to
Define.
You
know
Define
define
a
cluster
in
a
way
that
can't
be
contentious
or
be
something
that
people.
So
you
know
where
there's
there's
disputes
about
who
has
what
name,
which,
of
course,
in
the
end,
yeah
I
guess
I
I
should
somehow
I
should
have
made
an
even
more
complicated
system
to
somehow
prevent
that
from
happening
anyway.
A
So
now
now
that's
happened
and
in
the
future
probably
people
just
pick
more
random
colors
or
something
and
whatever,
okay.
So
anyway,
so
with
that
Let's
I
I
think
we
should
let's
say:
I'm
talk
a
little
bit
and
maybe
I'll
ask
some
questions.
First
and
other
people
can
ask
them
can.
Can
you
know
think
of
other
questions
to
ask,
but
I
don't
know
Sam.
B
B
Kind
of
make
has
been
in
a
position
where,
like
we've,
had
like
great
success
with
the
die
stablecoin
on
the
demand
side,
but
kind
of
lacking
on
sort
of
building
this
supply
side
of
the
balance,
so
we're
looking
to
basically
start
into
a
vertically
integrating
some
of
these
open
source.
Solutions
such
that
maker
can
kind
of
get
access
to
some
of
these
markets
that
we've
been
lacking
in
previously,
so
the
the
first
product,
we're
gonna,
build
or
Fork
is
a
best-in-class
lending.
B
Engine
it'll
be
connected
to
the
maker
d3m,
and
this
will
give
us
access
to
New
Markets
that
we
haven't
directly
had
access
to
before.
This
will
be
things
like
higher
collateralization
ratios,
because
we're
not
going
to
use
an
osm
delay,
we're
gonna
get
rehypothecation
of
collateral.
This
will
enable
delta,
neutral
and
short
strategies,
which
is
something
we
don't
have
right
now.
B
B
A
Foreign
thanks
for
the
introduction
scene,
I
want
to
kind
of
well
actually
what
I
mean
I
think
just
one
question
so
I'll
clarify
I
mean:
do
you
think
the
sort
of
the
main,
the
main
thing
you're
you're,
referring
to
when
you're
saying
that
maker
has
been
able
to
to
grow
on
the
demand
side
right?
So
a
lot
of
people
trust
die,
there's
a
lot
of
users
of
diet
right
and
that
basically,
a
lot
of
that
comes
from
the
trust
and
kind
of
like
the
slow-moving
maker
core
protocol.
A
But
then
on
the
demand
on
the
supply
side
we've
been,
we
haven't
been
able
to
to
catch
up
when
it
comes
to
decentralized,
Collateral
and
taking
advantage
of
new
features.
All
these
features
you
mentioned
and
to
some
extent
I
mean
to
some
extent
I
think
you
could.
You
could
almost
think
of
that
those
two
problems
are
related
right,
but
because
we
can
create
so
much
Demand
by
being
very
slow
and
careful.
A
We
have
trouble
creating
Supply
because
there's
a
lot
of
stuff
to
build
and
we're
having
a
hard
time
building,
stuff
and
and
then
I
mean
I.
Think
that
that
you
know
one
of
your
I
mean
it
seems
like
you're.
Actually,
your
core
solution
to
this
problem
is
from
working.
It's
forking
as
as
I
see
it,
and-
and
you
have
this
like
special
system
from
you-
want
to
set
up
a
system
to
like
pay.
Some
kind
of
Kickback
like
Revenue
share
to
the
protocols
you
afford
Folk
anyway.
I
just
wanted
to
expand
on
that.
B
Yeah
sure
I
I,
don't
think
those
two
things
are
at
odds.
Yes,
I
know:
we've
kind
of
moved
conservatively
in
the
past
and
I
think,
like
part
of
what
this
metadata
will
do,
is
sort
of
ensure
that
any
sort
of
a
product
that
we're
vertically
integrating
has
maximum
sort
of
security
in
mind,
because
we
know
as
sort
of
a
counterparty
to
maker
Dao,
we
will
not
receive
large
debt
ceilings
if
we're
sort
of
careless.
So
we
feel
that
we're
in
a
good
spot.
B
We
understand
what
maker
wants
a
pretty
well
having
worked
in
that
in
maker
for
a
while.
Now
we
feel
confident
that
we
can
sort
of
maintain
maker
security
while
also
sort
of
expanding
to
these
new
markets.
So
I
I,
don't
think
those
things
are
at
odds,
and
especially
with
a
lot
of
this
software,
you
know
it
all
started.
Getting
developed
more
or
less
around
2020,
and
it's
kind
of
a
lot
of
it
is
is
maturing
so
I
feel
this
is
a
good
sort
of
place
where
we
can.
A
Yeah
I
mean
so
I
I,
of
course,
I
totally
agree
with
that.
With
that
this
I
mean.
My
point
is
I.
Think
I
see
this
as
like
an
attempted
solution
to
this
dilemma
that
make
you
otherwise
has
and
then
like
the
solution
you're
coming
with
is
by
forking
rather
than
developing
new
features,
natively
maker,
then
there's
a
kind
of
we
can
sort
of
speed
up
this
process.
A
Yeah
exactly
and
I
mean
I.
Think
it's
a
really
cool.
It's
exactly
this
kind
of
perspective
or
sort
of
dynamic
of
that
you
can
sort
of
a
matter
that
I
can
sort
of
do
whatever
it
wants,
but
maker
is
going
to
reactively
allocate
debt
ceilings.
So
if
you
stop
doing
things
that
are
that
you
know
don't
feel
safe,
then
that's
just
gonna
result
in
the
debt
ceiling
stagnating
or
even
getting
recalled.
A
A
Yeah
yeah
I
mean
and
not
not
to
mention
the
tokens
right.
So
it's
like
it
I
mean
it's
another.
It's
almost
like
another
Mega
right
with
all
the
mechanisms
of
maker
of
a
surplus
buffer
and
there's
also
this
whole
Elixir
Reserve
right,
which
is
because
the
method
house
are
meant
to
accumulate
a
lot
of
capital
and
then
finally,
there
are
the
tokens,
the
the
metadata
governance
tokens
and
that
also
play
the
backstop
role
and
then
their
yield
founder
broadly.
A
Okay,
one
more
question:
okay!
Well,
wait!
Let
me
have
a
look.
Let
me
scroll
up
a
bit
and
see
if
somebody
else
has
questions
for
saying
before
I
ask
one
another
overarching
question
and
then,
after
this
I
think
we
should
just
spend
a
little
bit
time
to
to
talk
to
about
some
of
the
the
sort
of
fundamental
questions
that
Robin
had
some
of
the
like
practical
questions.
A
B
Yeah,
so
basically,
you
know
there's
a
bunch
of
money
markets
that
already
exist,
so
this
is
nothing
new.
What
really
gives
us
an
advantage
is
this
sort
of
untapped
demand
for
die
that
we
can
really
like.
We
can
provide
the
cheapest
rates,
so
that
will
be
sort
of
the
entry
point
into
this
metadatao
Community,
where
we'll
sort
of
get
users
coming
over.
Just
because
we're
going
to
be
able
to
provide
this
cheapest
rates
in
town.
A
B
B
The
idea
is,
we
want
to
sort
of
aim
at
a
fully
sort
of
holistic
interface
that
users
can
come
to
that's
branded
and
it
like,
instead
of
like,
where
we
have
like
the
PSM
on
a
separate
website,
and
you
know
maker
teleports
on
a
separate
website.
All
these
kind
of
things.
It
will
just
consolidate
everything
into
like
a
super
slick
like
web
2
style
interface
that
you
see
in
the
centralized
exchanges
so
that
that's
sort
of
our
Target
goal.
B
A
A
It's
basically
a
front
end
with
lots
of
like
yeah,
basically
forked
protocols
that
specifically
stand
out
because
they
utilize
the
d3m
and
they
have
this
close
connection
to
maker,
but
also
the
communities
that
they
folk
from
because
they
provide
a
rare
share
back
to
whoever
they
Folk
voluntarily
by
the
way,
because
that's
not
really
a
part
of
the
like.
That's
not
a
part
of
the
plug-and-play
protocol
system.
B
B
A
C
A
That
provides
you
all
the
tools
you
need
to
sort
of
run
maker,
basically
like
if
it's
almost
like
the
ethereum
node,
but
for
a
Dao
or
something
like
that
right.
That
has
all
the
key.
It
has
the
the
user-friendly
interface,
but
it
also
has
the
governance
tools
and
also
has
voting,
and
even
things
like
auctions
and
and
like
all
the
back-end
stuff
right,
so
that
doesn't
get
spread
out
all
over
the
place,
as
it
is
right
now
sitting
on
various
centralized
entry
points,
and
so
that
will
be
provided
for
free
to
the
Crimson
cluster.
A
They
don't
have
to
build
kind
of
the
back
end
for
this
themselves.
What
they
have
to
do
is
basically
I
mean
fill
out
this,
the
pro
like
the
sort
of
the
external
features
and
the
premium
features
in
the
product
section
over
here
right
and
then
come
up
with
a
brand
and
and
get
the
users,
so
I
think
I
mean
and
the
reason
why
I
think
that's
really
important
is
that
that
com
that
really
changes
the
you
know
the
expected
cost
of
building
up
the
meta.
A
Now
right,
like
there's
a
lot
of
savings
here,
right,
there's
like
by
forking
and
paying
rev
share.
So
you
get
a
good
relationship
with
those
you
Folk.
The
task
suddenly
becomes
10
times
easier
and
the
product
that's
that's,
being
marketed
and
that's
being
distributed
to
users
isn't
built
from
scratch.
It's
it's
also
kind
of
like
a
fault
right.
The
the
code
base
is
is
is
built
by
make
a
call,
and
then
the
Crimson
cluster
Team.
All
they
have
to
do
is
brand
it
and
Market
it.
A
Let's
check
the
comments
for
a
second
I,
don't
know
if
you've
got
anything
to
add
to
that
same,
but
I
mean
it's
basically
that
most
clusters,
all
they
really
care
about-
is
the
stuff
out
here,
like
the
the
shallow
business
side
to
a
large
extent,
and
then
maybe
they
will
focus
a
lot
on
their
like
them
in
how
they
have
communication.
You
know
maybe
they'll
build
like
a
VR
platform
or
something
like
that,
but.
A
Yeah
I
mean
I,
think
it
really-
and
it's
really
then
later
on.
We
can
see
the
kind
of
the
the
various
visions
that
people
have
for
this,
but
yeah.
So
that's
gonna,
be
that's
going
to
be
a
big
advantage
of
the
meta.
Does
right
that
Mega
kind
of
built
like
invest
in
building
this
very
advanced
system
that
is
necessary
to
achieve
any
kind
of
real
decentralization
and
then
the
meta
does
a
well
set
up
to
actually
promote
that
and
and
distribute
it.
A
Okay,
let
me
go
through
some
of
the
more
general
questions
and
then
I
think
we
should
type.
Then
the
next
thing,
I
think
would
be
interesting
to
dive
into
with
the
Crimson
cluster
is
to
go
into
this
whole
Channel
like
value
flow,
so
get
a
sense
of
like
where's
the
money
coming
from
how
where's
it
going
how's
the.
How
does
it
affecting
the
token
holders
and
how
how
the
tokens
distributed
to
the
Token
holders
and
all
of
that
stuff,
foreign.
A
A
A
Yeah,
it
is
okay,
great,
so
I
just
want
to
go
over
this
there's
some
confu
I
mean
obviously
not
surprisingly,
I
mean
a
cluster.
Is
this
like
totally
unique
made-up
terms?
Of
course,
it's
very
confusing
with
the
different
terms
around
what
is
a
cluster
even
right,
because
it's
not
really
a
theme.
It's
not
really
a
Dao.
It's
not
really
a
anything
that
that
I
can
can
really
easily
be
compared
to
to
other
stuff.
A
A
They
just
handed
over
resources
and
they
can
do
whatever
they
want
in
a
sense
right
but
but
sort
of
socially
or
politically.
You
could
say
that
the
role
of
the
cluster
facilitator
is
to
basically
like
they
basically
get
a
kind
of
write,
a
permission
to
spend
maker.
You
know
core
unit
resources
on
preparing
the
cluster
and
sort
of
incubating
the
cluster,
and
that
can
then
include
working
with
other
people
in
the
workforce
from
other
Mana
dials,
but
I
mean
from
other
core
units
or
from
their
their
own
core
unit.
A
A
But
so
the
point
is
just
that
Sam
will
basically
be
same
will
be
sort
of
officially
recognized
by
Major
Governors.
As
someone
who
has
like
an
approved
cluster
that
that
you
know
that
is
prioritized
and
and
and
sort
of
has
a
red,
you
know,
has
a
recognized
value
in
being
prepared
for
clustering
with
and
sort
of
proposing
making
a
proposal
to
America
once
they
launched
and
that,
ultimately,
that
the
value
of
that
of
the
cluster
being
probably
prepared
and
then
onboarding
to
a
meta,
Tower
and
then
having
those
tokens
yield.
A
So
this
cluster
has
a
metadata
facilitator,
but
it's
a
person
that
hasn't
yet
been
announced,
and
that's
why
it's
Sam
that's
sitting
as
the
closest
and
often
you
would
have
the
metadata
facilitator
and
the
cluster
facility
would
be
the
same
person.
The
reason
why
that's
not
the
case
is
because
this
person
hasn't
been
announced
and
and
basically
the
reason
why
there's
a
whole
bunch
of
people
like
why
it's
only
Sam.
A
A
And
that's
and
that's
an
advice
I've
given
to
all
the
Clusters,
like
all
these
prospective
clusters,
right
that
are
making
announcement
like
this,
because
it's
we
just
that's
one
of
the
priorities
right.
We
need
to
to
prevent
paralysis
from
from
the
end
game
plan,
especially
before
the
maps
have
been
approved
right.
A
So
that's
our
best
practice
to
to
minimize
kind
of
entanglement
in
a
sense
right
where,
if
you
have
contributors
from
many
different
core
units-
and
it's
not
even
you
know,
people
may
not
know
who's
who's,
considering
joining
a
cluster,
and
you
know
whether
the
end
game
plan
will
even
be
approved.
Then
it's
just
a
good
idea
to
not
to
not
sort
of
make
it
more
complicated
than
necessary.
A
And
then
how
do
you
actually
kind
of
verify
this
right
like?
How
do
you
actually
decide
this
stuff
and
and
sort
of
make
it
official
right
like
because,
of
course,
just
making
a
forum
post
isn't
enough,
like
also
simply
by
making
foreign
posts
that
doesn't
even
kind
of
secure
the
the
color?
Even
though
that's
not
supposed
to
matter
at
all?
But
in
theory
that's
you
know,
just
the
Forum
post
itself.
A
A
So
it's
in
that
MIP,
basically,
that
we
would
Define
through
a
sub
proposal
that
there's
something
called
a
crimson
cluster
Sam
is
a
cluster
facilitator
and
it's
a
creator
and
yeah.
That's
big.
Once
that's
been
been
defined,
then
that's
actually
that's
sort
of
it
for
now.
In
that
sense,
and
then
clusters
can
then
continue
either
operating
with
resources
from
the
coordinates
or
in
some
cases.
A
A
You
know
on
political
engineering's
own
priorities,
basically
right
so
basically,
product
engineering
becomes
a
part
of
the
support
structure
for
the
cluster,
because
that's
where
Sam
is
currently
attached
to
it
was
in
practice.
I
mean
you
could
I
mean
Sam
is
actually
the
I
mean
the
prices
are
there's
so
much
sort
of
convergence
of
like
how
what
people
are
doing
in
their
core
units
and
then
what
the
Clusters
will
be
doing
to
prepare.
A
A
C
But
I
haven't
seen
that
behavior
in
the
past
and
make
her
doubt
where
we're
actively
vetting
people
and
opportunities
to
not
only
ensure
that
that
that
we're
not
going
to
be
rugged
and
maker
takes
a
black
eye
for
it,
but
but
also
for
understanding
the
general
priority
of
the
work
we
need
to
get
done.
So
the
end
game
has
a
lot
of
work
that
we
need
to
get
done.
So
there
are
certain
things
that
are
higher
priorities
and
I
think
those
clusters
would
take
precedence
over
other
ones.
C
I,
don't
know
where
this
one
fits
in.
Maybe
this
is
one
of
those
but
to
be
able
to
prioritize
where
maker
needs
people
and
where
maker
needs
people
to
Cluster
to
take
care
of
the
business
we
have
at
hand
and
then,
as
we
get,
that
established
to
be
able
to
take
other
opportunities
as
they
come
along
vet
them
vote
on
them
and
ensure
they're
going
to
provide
a
high
the
highest
return
to
maker.
So
that's
kind
of
the
nature
of
that
question.
A
A
My
with
68
right
recognize,
launch
metadata
clusters
and
then
that's
the
process
where
the
proposal
is
vetted
and
same
is,
is
you
know,
I
have
we
can
ask
same
questions
and
we
can
think
about
their
the
the
cost
benefit
and
so
on?
Well,
I
mean
I
personally,
I'm,
I'm,
I.
Think
I
think
this
is
like
you
can't
you
can't
there's
not
really
anything
comparable
to
launching
a
cluster
right.
A
So
from
my
perspective,
the
most
important
like
the
main
thing
that
determines
whether
someone
is
qualified
or
not,
is
whether
they're
able
to
present
a
compelling
Vision
right.
So
it
really
is
like
I.
Think
this
announcement
in
particular,
is
what
you
really
like:
that's
what
you
can
really
judge
the
the
quality
on
Beyond,
just
sort
of
like
the
the
people
that
you
know
are
involved.
Basically
right
and
I.
A
Think
you
can,
you
could
say
you
there's
a
there's
the
downside
that
you
that
it's
a
problem
for
for
clusters
to
reveal
everyone
involved
immediately
right,
because
that
that
causes
disruptions
to
the
rest
of
maker
that
we
don't
necessarily
want.
But
you
can
also
simply
I
mean
you.
Can
you
can
sort
of
I
mean
we
need
to
basically
demand
that
the
cluster
facilitator
is
someone
that's
skilled
and
and
the
right
person
right.
A
So
we
need
to
sort
of
extrapolate
from
Sam
what
the
rest
of
the
team
will
be
like
right,
but
I
mean
I,
gotta,
say
I.
Think
personally,
saying
I
mean
I've,
always
thought
of
same
as
one
of
the
most
the
right
people
for
many
of
those,
because
he's
always
been
the
kind
of
person
that
I
mean
I
expected
to
do
something
like
this,
so
I'm
I'm,
very
much
I
think
this
is
really
like
later
on.
A
If
we
have
time-
let's
see,
but
then
I
can
talk
a
little
bit
about
the
needs
for
different
metadas
and
sort
of
how
they
fit
with
each
other
and
and
there's
particularly
something
that
I
mean
I've
talked
about
it
before
related
to
the
front
end
and
I.
Think
I
would
say
this
I
would
sort
of
classify
this
cluster
as
a
kind
of
a
value
cluster
right.
This
is
about
building
a
meta
down.
A
That's
going
to
kick
ass
and
just
like,
create
tons
of
value
and
do
that
at
the
lowest
possible
cost
right
by
relying
on
the
on
the
the
stuff.
Mega
provides
and
then
forking
other
protocols,
and
then
there
are
some
of
the
other
metadats.
That
sort
of
need
to
take
like
more
like
fill
specific
roles
and
in
filling
those
roles
and
we'll
have
access
to
a
lot
of
value
that
come
from
make
a
call,
such
as
the
front
end
related
clusters
and
also
the
the
real
asset
related
clusters.
A
Okay
so
Raphael
has
this
question:
The
Meta,
so
the
metadata
Community
chooses
which
cluster
to
adopt,
and
so
the
answer
is
basically
to
the
answer
to
this
is
like
yes
and
no
in
a
sense
right,
because
in
the
long
run
the
whole
point
is
every
time
a
meta
Dao
launches.
There
will
be
multiple
clusters
competing
to
try
to
become
to
be
onboarded
as
sort
of
the
first
cluster,
and
sometimes
you
will
also
have
multiple
clusters
actually
sort
of
like
teaming
up
right.
A
So
you
might
have
two
clusters
teaming
up
to
compete
against
three
other
clusters
and
then
the
community
pick
the
two
clusters
because
they
think
they
can
still
get
the
job
done,
but
at
a
lower
cost
or
something
right,
but
the
what's
so
interesting
about
the
dynamic
is
then
you
really
have
no
idea
what
the
meta
that's
like
before
it's
created
right.
The
metadata
is
like
truly
sort
of
pulled
out
of
thin
air
through
the
community,
in
that
they
they
are
Distributing
the
tokens
and
through
that
Total
distribution.
A
But
for
the
launch,
having
like
having
a
that
level
of
uncertainty
around
what
you
know
are
they
are
there
just
going
to
be
total
failures?
Are
they
gonna
be
totally
ridiculous
right
or
are
we
going
to
create
a
bunch
of
value
and
then
it
gets
rejected
and
so
for
the
launch
mail
analysis?
That
here
is
that
they
will
be
exactly
the
same
amount
of
meta
does
as
there
would
be
clusters,
so
it's
still
not
known
which
cluster
will
go
to
which
meta
now,
but
there
will
be
there'll,
be
one
for
each.
A
So
it's
basically
a
matter
of
like
who
who's
the
right
fit
and
likely
that
fit
will
be
established
very
early
on
I.
Think
right.
So
if
the
votes
go
through,
if
the
mips
go
through
that
are
now
in
in
the
the
the
formal
submission
phase,
then
one
of
the
immediate
next
steps
will
be
creating
forums
for
each
of
the
initial
six
metadowns,
which
is
one
I
think
we
should
aim
for
right
now,
although
we
could
change
that
amount
with
the.
A
Then,
then,
to
on
board
one
of
the
the
recognized
clusters,
which
I
think
is
a
very
unlikely
outcome.
If
maker
has
sort
of
done
it,
you
know,
if
we're
not
really
screwed
up
and
pick
someone,
that's
pretty
bad
yeah
right.
But
the
point
is
that
you
don't
we
will
not
have
more
clusters
like
we
will
not
have
more
recognized
clusters
than
there
will
be
metadata,
so
we
won't
create
this
kind
of
artificial
competition
initially,
simply
because
that's
that
creates
more
uncertainty
and
that's
not
what
we
need.
A
Okay,
one
more
one
more
question
from
from
Robert:
here
there
seems
to
be
some
restrictions
to
the
makeup
of
a
cluster.
Slash,
for
example,
protector
metadash
can
only
have
a
very
small
number
of
people
with
specific
roles.
What
will
work
better
is
for
the
metadata
to
decide
on
the
structure
and
makeup
to
promote
Innovation
allowed
to
respond
better
opportunities,
yeah
so
so
actually
I
mean.
That
is
how
it
works
with
protectors
right.
So
what
makes
protectors
unique
is
that
they
can
access
like
basically
variable
asset
removal,
asset
line
of
credit,
basically
so
Creator.
A
So
if
so,
a
protector
can
access
both
a
decentralized
collateral
line
of
credit
and
a
variable
asset
line
of
credit,
a
Creator
can
only
access
a
decentralized
collateral
line
of
credit.
So
that's
what
what
Sam
has
been
talking
about
right?
That's
that's
what
the
curriculum
cluster
is
completely
that's.
A
What
they're
really
focused
on
is
this
unique
opportunity
that
creators
have
to
access
a
decentralized
collateral
line
of
credit,
but
protectors
actually
also
have
that
same
opportunity,
so
in
so
in
terms
of
kind
of
the
the
possibilities
that
protectors
have
they're
actually
strictly
better
than
creators.
But
the
reason
that
the
reason
why
everyone
will
not
just
want
to
be
protectors
is
because
protectors
have
this
like
very
specific,
like
required.
A
A
We
want
to
make
sure
that
the
the
matter
of
you
know
the
meta
of
the
communities
that
are
governing
real
assets
are
spec
I
mean
focused
on
the
real
assets
right
and
are
like
of
a
certain
type
of
community
that
isn't
gonna
necessarily
be
as
like,
crazy
or
pumpy
or
whatever,
as,
as
you
know,
more
decentralized,
focused
metadatas,
which
could
which
can
be
like
that
right.
They
can
have
a
more
sort
of
broad
culture
and
more.
A
You
know
more
like
a
DJ
and
culture,
a
weird,
whatever
really
whatever
culture
they
want
right,
whereas
protectors
they
kind
of
you
know
you
you
want
to
have
a
you
want
I
mean
the
whole
point.
Is
you
want
to
reduce
the
kind
of
the
the
the
uncertainty
and
the
the
randomness
of
how
real
assets
entangles
with
and
sort
of
interacts
with
all
the
other
types
of
politics
that
occurs
in
the
down?
A
And
the
same
thing
goes
for
the
governance
right,
because
the
governors
are
running
the
core
bureaucracy
of
maker.
So
you
also
want
to
to
kind
of
make
sure
that
that's
what
they
specialize
in
and
it's
not
some
side
thing
and
then
their
main
thing
is
is
something
else
that
pulls
their
culture
in
a
different
direction.
A
C
A
Yeah
I,
don't
think
that
I
I
don't
think
that
a
protector
cluster
that
has
a
bunch
of
unrelated
roles
is
competitive
with
one
that
just
focuses
on
getting
just
the
core
roles
in
place
for
doing
real
assets.
And
that's
because
of
this,
like
30
cut
right,
because
you
have
a
whole
bunch
of
unrelated
roles.
I
mean
I,
mean
I,
don't
think
it's
important,
it's
more
like
it's
an
extra
challenge
that
has
to
be
well
understood,
right
and
and
assuming
nothing
else.
C
C
Work
well,
you
know
so
there's
deal
origination
and
then
there's
negotiation
and
such
there's
putting
everything
together
and
let's
say
that
you
one
of
these
clusters
or
predictor
metadas,
has
a
deal
and
they're
like
okay.
This
is
good.
It
meets
the
criteria,
we're
ready
to
roll,
and
so
so,
if
they
turn
to
a
team
internally
to
do
the
implementation,
that's
one
model,
but
if
they
looked
at
externally
for
a
team
to
do
the
implementation,
that's
a
different
model.
A
Yeah
so
I
think
I
mean
so.
Smart
contracts
is
like
a
unique
topic
to
talk
about
in
terms
of
the
metadats
and
making
them
efficient
and
because
that's
really
one
of
the
absolute
kind
of
key
bottlenecks
to
everything
right
and
but
first
I
just
want
to
like
you
know,
first
in
terms
of
like
what
is
what's,
the
core
kind
of
business
I
mean
if
you
assume
that
smart
contracts
are
delivered
externally
right.
A
What
does
that
protector
then
actually
do,
and
basically
what
the
protector
does
is
that
it
manages
the
relationships
with
your
ranges,
so
the
arrangers
are
really
the
ones
doing
the
deal
origination
and
all
of
that
stuff
like
what
the
protector
does
is
it
kind
of
you
could
say
it
originates
the
arrangers
or
more
like
it.
It
carefully
curates
what
arranges
it
works
with,
and
then
it
manages
the
relationships
with
those
arranges
But
ultimately
and
like
to
a
lot.
A
I
mean
sort
of
protector,
isn't
even
that
complicated
right,
because
in
the
end,
just
like
maker
outsources,
a
lot
of
the
complexity
to
the
protector
The
Protector
also
outsources,
most
of
the
complexity
to
the
arranger
yeah.
So,
as
a
result,
you
don't
really
need
that
much
kind
of
bulk
inside
the
protector
itself
and
actually
to
a
light
extent,
I
mean
the
real
world.
I
mean
a
major
role
of
all.
A
The
metadata
in
general
is
to
deal
with
corruption
and
self-dealing
right,
because
the
problem
with
make
a
call
is
that
when
it
gets
so
massively
huge,
it's
impossible
for
the
tongue
holders
to
like
keep
up
with
is
some
random
arranger
over
there.
Actually,
you
know
like
collaborating
with
a
coordinate
or
something,
and
and
it's
impossible
too,
to
figure
that
out
and
then
maker
just
takes
a
loss
for
any
sort
of
investment
that
happens
like
that
right.
A
It
builds
up
hidden
risk
and
in
a
metadata
like
with
meta,
does
you
kind
of
you
know
the
losses
from
embezzlement
like
that
they
accrue
to
the
metadats
not
to
make
a
call
right.
So
if
you
have
a
metadata
that
figures
out
how
to
prevent
corruption,
then
it
will
Thrive,
and
if
you
have
one
that
doesn't
figure
out
how
to
bring
production
corruption,
it
simply
like
loses
money
and
dies
right.
A
So,
as
a
result,
you
have
this
kind
of
natural
evolutionary
process
where
corruption
doesn't
doesn't
just
like
Thrive
at
you
know,
it's
a
proportion
of
sort
of
maker
call
right
over
time.
You
kind
of-
and
you
know
you
sort
of
you-
have
this
natural
survival
and
and
and
dying
out
filter
to
basically
deal
with
that
problem.
A
But
but
anyway,
just
to
to
reiterate
what
I
mean,
what
I've
told
you
about
what
I
think
the
the
really
really
like
core
team
of
a
of
a
protector
right
then
actually
in
terms
of
like
getting
getting
deals,
done
I
think
what
you
really
need
is
you
need
someone
who
can
provide
a
legal
opinion.
I
mean
not
legal
people.
A
The
term
of
our
legal
opinion,
I
mean
a
legal
perspective
to
the
metadatao
and
then
someone
who
can
provide
a
credit
or
sort
of
risk
perspective
to
the
metador,
and
then
you
also
practically.
You
need
a
metadata
facilitator,
which
is
more
like
a
community.
You
know,
there's
like
a
that's
a
mix
between
sort
of
a
business
leader
and
a
marketing
person
and
and
then
a
governance
facilitator,
and
then
you
could
also
have
what
I
call
a
meta
engineer
or
like
it
can
be.
A
Although
a
facility
will
always
have
to
be
visible
in
the
community,
because
the
metadata
facilitator
is
really
like
the
anchor
of
trust
right
that
that's
like
the
middle
of
facilitator,
that's
the
the
person
or
the
the
identity
that
represents
the
entire
cluster
as
it
attempts
to
onboard
right
and
the
facilitators
the
one
that
controls
the
the
cake
right
and
controls
the
the
facilitator.
Governance
powers
from
from
sort
of
the
internal
team
in
America.
A
Said
earlier,
Sam
will
actually
not
be
the
medical
facility
he's
simply
the
cluster
facilitator,
so
he's
simply
sort
of
caretaking
the
cluster
in
a
sense.
But
when
the
the
cluster
makes
a
proposal
to
actually
onboard
to
a
meta
down,
it
would
be
the
metadata
facilitator
at
that
point.
That
would
make
that
proposal
not
same.
C
A
So
I
think
I
mean
I
think
the
way
something
on
that
would
play
out.
Is
that
I
mean
so
one
option
is
that
you
have
sort
of
a
real
asset
like
a
protector
with
a
with
a
real
asset
team
that
builds
up
the
real
estate
business,
so
it
becomes
profitable
and
then
there
it's
profitable,
it's
sustainable,
they're,
they're
generating
more.
You
know
they
generate
more
money
than
they're
spending
and
then
without
extra
money
they
can
start
building
up
the
team
right
and
then
they
can
hire
whatever
they
want
right.
A
Then
they
can
hire
the
same
type
of
team
that
would
be
in
a
Creator
or
anything
else,
and
really
the
whole
point
is
to
your
metadata
should
go
completely
nuts
experimenting
right
as
long
as
they're
sustainable
as
long
as
they're
profitable
right
there
they're
generating
income.
Then,
if
the
community
is
behind
it
and
thinks
it's
a
cool
idea,
then
everything
is
is
sort
of
you
know
pointing
towards.
A
You
can
have
some
very
radical
experimentations
like
experiments
right
and
but
another
another
possibility
is
actually
that
actually
I
think
I
mean
I
think
this
is
actually
a
core
business
model
of
the
Crimson
cluster
right
and
that
is
you
have
a
protector
with
just
a
visit
like
just
this
core
team
of
these.
Like
four,
you
know
four
people
right.
You
have
a
facilitator,
a
meta
engineer,
AKA
like
marketing
lead
or
something
like
Community
manager,
and
then
you
have
a
like
an
actual
deal
team
that
consists
of
a
legal
person
and
then
a
risk
person.
A
Basically
like
use
budget
that
the
metadata
controls
to
engage
an
external
Team
or
external
metadata
or
or
maybe
directly
engaged
with
the
Chris
with
the
Crimson
cluster
and
then
what
they
can
do
is
they
can
actually
copy
all
of
the
products
that
the
crystal
cluster
is
built
right.
So
all
the
code,
all
the
products,
all
the
sort
of
the
the
implementation
in
the
front
end
and
so
on,
of
course,
not
the
the
brand
itself
right.
But
what
weird
is
you
know
so.
A
That
would
be
the
whatever
the
marketing
lead
or
something
would
take
care
of
that
right
and
but
all
the
the
functionality
of
the
the
Crimson
cluster
will
be
available
as
I
understand
it
as
a
thing
called
a
plug
and
play
protocol.
So
that
means
that
all
the
code
is
like
completely
available
and
extremely
easy
to
integrate
for
other
meta
tasks.
A
But
that's
like
I
think
a
very
you
know:
that's
a
way
where
you
wouldn't
even
need
to
hire
anyone
and
you,
wouldn't
you
wouldn't
need
to
do
any
kind
of
Maintenance,
but
you'd
still
be
able
to
actually
like
do
all
the
same
things
as
as
what
the
crimson
clusters
metadata
is
doing,
and
they
would
be
perfectly
fine
with
it
because
they
would
get
a
revenue
well.
This
was
the
actual
like.
C
Yeah,
go
ahead.
It's
on
that
comparison
room.
So
what
that
this
is
really
the
heart
of
the
question,
because
you're
talking
about
experimentation
and
Innovation
and
the
Creator,
but
when
you,
when
you
talk
about
the
protector,
it's
it's
it's
very
restrictive
in
the
way
of
you're
believing
like.
Oh,
it
only
is
a
few
roles.
I
think
it's
the
opposite!
I
think
that
whether
it's
a
protector
or
a
Creator
allow
the
Innovation
to
happen.
You
said
as
long
as
they're
profitable
so
allow
the
protector
metadatao
to
run.
C
However,
they
need
to
because
I
I
could
tell
I
mean
if
you
have
a
protector
metadata
and
you
have
one
big
deal
and
you
take
a
cut
of
the
action
you're
paying
for
for
a
lot
of
resources
within
that
metadata
and
and
the
the
maker
Dow
Community
should
be
really
happy
with
that,
because
it's
generating
revenue
for
the
protocols
generating
revenue
for
the
metadal,
so
I
just
don't
see
the
need
for
the
restriction
on
the
protector
metadata.
So
that's
all.
A
Yeah
look
so
let
me
repeat
myself
right,
so
there's
no
restriction
on
the
protector
metadata
in
terms
of
what
they
can
do
right
and
like
like
I
just
said.
The
example
is,
let's
say
they
start
out
with
Rebel
assets,
and
then
they
become
self-sustainable
from
that
and
then
they
go
and
they
hire
they
could
set
up
their
own
internal
500
team.
They
could.
A
Even
you
know
they
could
build
their
own
smart
contract
protocols
and
they
could
try
to
make
them
available
to
other
meta
tiles
as
Plug
and
Play
protocols
and
pursue
that
whole
line
of
business
and
that's
complete
I
mean
there
are
no
restrictions
on
on
the
on
anything
like
that
right.
If
Governors
can
do
the
same
thing
as
well,
the
Restriction,
in
a
sense
that
that
that
exists
for
the
protector
is
that
30
of
all
their
Surplus
like
so
when
other
metals
they
could.
They
want
to
sort
of
return
value
to
the
Token
holders.
A
But
my
point
is
that
this
means
this
naturally
leads
protector
metadata
to
be
specialized
in
doing
Rebel
assets.
So
they
can
do
these
other
things,
but
they
will
have
a
sort
of
a
disadvantage
in
a
sense
in
that
not
even
necessarily
it's
not
really
a
disadvantage.
It's
more
like
they'll,
have
a
natural
bias
towards
always
being
focused
on
real
assets,
because
all
their
other
income
streams
will
be
supporting
the
real
asset
business
and
then
because
of
that,
that
was
just
an
example.
A
I
made
right,
I
think
a
very
a
cool
possibility
is
that
you
can
have.
One
of
these
protectors
have
a
very
lean
team
and
then,
instead
of
developing
anything
internally,
they
might
just
say:
okay,
we'll
just
hook
up
with
the
crimson,
the
Crimson
guys
and
we'll
just
copy
everything,
and
just
you
know,
we
think
their
revenue
share
is
reasonable.
So
we'll
just
take
that
and
then
we'll
just
have
them,
build
everything
for
us
and
really
sort
of
copy
paste
everything
and
put
our
own
logo
and
branding
and
design
on
it.
Basically,
okay.
A
A
Okay,
so
I
just
want
to
you
know
first
I
want
to
just
kind
of
talk
about
the
distribution
of
the
of
the
token
right
like
how
the
metadata
sort
of
create
in
the
first
place
right.
So
it
all
starts
with
these
things
here
right.
So
these
are
the
the
metadata
tokens
there's
three
of
them,
because
I
mean
there's
more
than
one
metadata,
but
in
this
case
we're
just
talking
about
one
of
them
we're
just
talking
about
the
like.
Actually,
the
metadata,
like
hypothetically
the
metadata
that
ends
up
onboarding,
the
Crimson
cluster.
A
We
start
off
with
these
metadata
tokens,
and
so
it's
like
this
is
sort
of
the
you
know
the
moment
in
time
where
the
Metallo
is
created
immediately.
It
starts
to
emit
a
huge
amount
of
tokens
out.
You
know
at
the
rate
of
500
million
per
year
for
the
first
two
years
to
the
various
Farms
right
and
there's
three
types
of
farms:
there's
the
there's,
the
dye
Farm,
which
gets
20
right.
So
that's
100
million
tokens
for
the
first
year
and
then
there's
an
either
die
farm
that
gets
40.
A
A
That's
like
whether
you
lock
up
or
you
don't
lock
up,
but
that's
not
going
to
be
available
initially,
so
that's
just
40
to
MPR
for
everyone,
so
that's
another
200
million
that
goes
through
NPR
for
the
first
year
right
and
then,
let's
say
after
a
month
or
something
just
just
save,
to
make
a
symbol
that
the
8
million
tokens
have
been
distributed.
Now
to
oh
sorry,
8
million
has
been
distributed
to
die
and
16
million
to
either
die
and
60
million
to
NPR
right.
A
They
represent
the
effect
of
basically
spreading
these
tokens
out
to
a
lot
of
different
people
right
because
that's
what
ends
up
becoming
this
thing
down
here,
the
community
meta
right,
some
kind
of
communities
formed
which
is,
and
basically
the
makeup
of
the
community,
is
determined
by
you
know
who
holds
who
holds
on
to
the
tokens
and
who
dumps
them.
Basically
right.
We
don't
really
expect
many
people
to
buy
these
tools
only
if
they
become
clearly
undervalued.
A
But
but
you
know,
if
you,
if
you
sell
them,
then
you'll
just
be
selling
to
maker,
because
maker
is
constantly
buying
them
back
with
sixty
thousand
care
every
year.
So
that's
ten
thousand
every
year.
For
for,
for
what
one
single
metadata
I
mean,
I
mean
ten
thousand
people
every
year
by
the
way
isn't
like
that.
A
So
there's
there's
and
that's
again,
these
like
dotted
lines
right.
So
one
thing
is
something
like
having
the
meta
dial
create
some
Independent
Business
models
where,
for
instance,
The
Deco,
which
is
now
the
Indigo
cluster
they
will
be
focused
on
creating
and
then
selling
The
Deco
product
on
the
fixed
rate
protocol,
which
is
actually
totally
like.
That's
just
an
independent
business.
A
Now
this
is
still
wrong,
and
this
is
the
part.
That's
kind
of
I
mean
I
think
this
is
really
the
fundamental
like
the
core
thing
to
understand
about
every
minute,
including
the
the
Crimson
cluster
right,
because
because
it's
all
going
to
be
all
about
sort
of
capturing
the
community
meta
in
the
first
place
right
and
getting
the
right
community.
A
So
they
can
sort
of
set
things
up
right
and
and
one
of
the
major
things
that
we'll
do
is
they
will
decide
on
the
name
and
they
will
decide
on
the
the
brand
right
on
this
design
and
sort
of
the
the
perspective
right.
Of
course,
there
were
lots
of
of
I
mean,
of
course,
very
early
on.
They
will
be
onboarding
a
cluster
because
they
need
some
professionals
in
there.
A
You
need
a
strong
Community,
but
you
also
need
a
team
that
can
that
can
do
work
and
then,
once
you
have
that
in
place,
it's
been
one
of
the
first
things.
You've
focus
on
is
just
to
try
to
get
even
more
people
who
plays
them
just
basically
try
to
attract
users
right
through
building
out
the
metadata
front
end.
So
basically,
this
thing
I
also
had
showed
up
here
right
this
thing
taking
the
home
front
and
then
same
also
discussed
right.
A
Taking
this
ready
to
go
white
label
completely
free
code
base,
that's
made
available
for
organ
house
and
then
put
a
really
sort
of
interesting
and
unique
design
and
brand
on
top
of
it
right
and
then
you
can
get
die.
Holders
to
you
know
die
holders
to
to
Yield
Fund
Meadow
tokens
and
you
can
earn
a
small
Revenue
share
from
that
of
0.1
percent
per
die
right.
A
A
billion
die.
You
earn
one
one
year
now
tons
of
money
on
the
diet
on
the
diet,
farming
and
rev
share,
but
it's
completely
risk-free.
So
it's
like
you
may
as
well.
Do
it
because
you
also
simply
want
users
to
farm
manitow
tokens
with
diet
in
your
front
end,
because
that
that
means
there's
a
great
chance.
They'll
find
your
metadata
token
and
there's
a
greater
chance,
they'll
hold
on
to
it
and
then
as
a
return.
A
As
a
result,
it
makes
it
easier
to
convert
them
into
something
that
will
actually
benefit
the
community
and
then
there's
the
the
ether
die
in
the
vault
or
they
either
divert
from
which
you
also
want
to,
which
is
also
a
core
part
of
the
of
the
front
end,
and
there
is
a
really
this
is
where
there's
a
really
really
significant
revenue
of
25
of
the
income.
So
that's
a
that's.
That's
a
serious
potential
for
income
here
and
not
only
can
can
the
can
that
result
in
lots
of
income,
but
it
cannot.
A
It
also
helps
with
the
you
know,
getting
getting
even
more
people
into
the
community
right,
so
it
gets
even
more
people
into
Community
into
the
community,
and
then
they
come
up
with
an
even
better
front
end
than
that
front.
End
attracts
even
more
people
to
farm,
and
then
they're
sort
of
the
virtual
cycle
continues.
In
that
sense,.
A
It
will
also
it'll
also
benefit
massively
if,
if
Dai
depicts
downwards,
so
the
cost
of
capital
gets
negative
and
you
really
end
up
with
that.
Just
massive
massive
money
making
opportunity
if
you
can
provide
decentralized
collateral
and
at
scale-
and
it
still
has
good
performance
and
still
has
adequate
Junior
capital
and
and
of
course,
the
right
risk
and
so
on,
but
so
basically.
A
This
thing
here
is,
like
I,
mean
that's
kind
of
how
I
see
the
Chris
the
Crimson
cluster
is.
It's
kind
of
the
goal
is
to
your
first,
you
bootstrap
the
community
and
then
the
community
boots
rep.
So
the
brand
on
this
integrated
front
end
and
then
once
you
have
this
it
once
you
have
the
front
end,
once
you
have
the
brain,
once
you
have
the
community,
you
have
people
farming
the
token,
then
you
can
really
focus
on
this
as
like
the
core
sort
of
exponential
sort
of
long-term
business
model
right.
A
So,
that's
that's
not
what
contrast
that
to
to
to
the
the
Indigo
cluster
with
The
Deco
protocol,
which
is
more
about
completely
new
business
models
down
here
right
and
of
course
they
could
actually,
in
the
end
they'll
I
mean
in
the
end.
This
is
sort
of
a
call
line
of
thinking
we
made
it.
That's
right
is
that
in
the
end,
they'll
probably
do
all
of
it
all
of
them,
and
the
thing
that's
really
going
to
miss
it
matter.
A
It
will
make
a
lot
of
sense
for
the
Indigo
cluster
The
Deco
focused
meal
it
out
to
to
adopt
the
plug-and-play
protocols
that
the
Crimson
cluster
makes,
and
we
made
a
lot
of
sense
for
the
Crimson
cluster
to
adopt
the
Plug
and
Play
protocols
that
The
Deco
Indigo
cluster
makes,
if
they're,
if
they
turn
out
to
be
valuable
right.
If
they,
if
they
turn
out
to
prove
themselves
in
the
market,
then
that
makes
a
lot
of
sense.
A
Too,
because
both
both
sides
will
be
better
off
because,
in
the
end,
what's
going
to
matter
for
them
in
the
long
run,
it's
just
building
up
their
sort
of
captive,
Community
their
captive
users
right
that
use
their
front
end
and
are
familiar
with
their
braining
and
trust
their
brain
that,
like
their
design,
that
likes
their
Community
either
by
their
marketing
right.
That's
the
thing
that,
ultimately,
all
metadats
are
really.
A
Let's
say
it
gets
like
right
now:
the
the
numbers
that
I
I
have
and
various
places.
Basically
I've
I've
suggested
these
numbers
as
the
starting
point
right,
so
that
was
250
million
in
the
line
of
friends,
250
million
per
metadown
to
start
with,
of
course,
not
like
literally
from
day
zero
right.
It
has
to
sort
of
depend
on
on
also
having
some
some
Junior
capital
and
some
Assets
in
the
metadata.
It's
the
value
of
the
token
and
accumulated
Legacy
and
all
this
stuff
right.
A
But
but
that's
I
think
it's
like
a
is
like
I
said,
is
a
good
starting
point
in
order
to
really
kind
of
like
kick
start
using
the
metadash
to
scale
to
scale
it
right.
And
so
then,
if
let's
say
there
is
you
know
the
the
the
metadar
has,
you
know
30
million
in
junior
capital
and
then
the
token
is:
has
a
market
cap
of
20
million
or
something
and
the
entire
line
of
credit,
like
I
mean
they
they
take
that
250
million
and
they
like
on
board
some
collateral.
A
Then,
in
that
case,
what
will
happen
is
that
the
matter
that
would
have
sort
of
50
million
you
don't
have
30
million
in
in
is
sort
of
it's
Junior,
it's
Elixir
and
it's
surface
buffer
and
then
20
million
and
it's
total
liquidity,
which
of
course
could
also
evaporate
in
this
scenario
right.
But
then
you,
you
basically
end
up
with
the
minute.
I
would
only
cover
some
of
the
loss
right
and
you'd.
Have
this
huge
loss
in
the
end
that
is
like,
like
basically
as
David,
is
suggesting
right.
A
That's
the
equivalent,
then
of
maker
having
basically
some
collateral.
That
has
now
lost
a
lot
of
value
right,
so
Majors
thought
it
had
collateral.
That
was
worth
250
million,
but
it
turns
out
the
collateral
they
make.
A
thought
was
worth:
250
million
is
maybe
only
worth
50
million
so
that
results
in
a
200
million
dollar
loss
for
maker.
So
of
course,
there
still
needs
to
be
a
ton
of
like
it's
not
like.
This
makes
it
possible
to
do
it
so
automatically
autonomous
there,
like
with
no
human
oversight
whatsoever
right
and
on
the
contrary.
A
Basically
it'll,
be
you
know,
there's
a
very
you
know:
there
needs
to
be
a
very
kind
of
clear
and
rigorous
approach
to
how
does
maker
manage
this
stuff
right
and
that's
where
the
Scopes
come
in.
Let
me
see
somewhere
over
here
right.
So
that's
under
the
that's,
basically,
that's
the
decentralized
collateral
scope
right
so
like
at
the
the
most
important
sort
of
approach
to
mitigating
this
is
this
thing
called
the
scope
framework
which
one
of
the
things
the
scope
framework
defines
is.
A
You
know
what
like
what
called
when
is
collateral
considered
super
risky
and
when
is
it
considered,
like
you
know
something
like?
Oh
it's
a
worthless
coin
that
we've
never
heard
about.
Well,
in
that
case,
we
actually
consider
it.
You
know
we
don't
even
consider
that
as
as
collateral
at
all.
So
when
you,
when
you
lend
to
that,
we
consider
that
you're
lending
out
your
Junior
Capital
right
so
we
have
to.
A
We
will
have
to
reduce
your
your
debt
ceiling
by
the
same
amount
right,
for
instance,
and
and
basically
other
sort
of
guidelines
along
this
line
right,
saying:
okay,
if
you're
using
eth
and
you're
liquidating
immediately.
Well,
that's
really
good!
That's
you
know
we'll
you
know
that!
Basically,
you
know
you
can
get
pretty
far
with
with
just
some
Junior
table
if
you're
doing
something
like
that
right
and
then
as
much
as
as
much
detail
as
possible
in
between,
but
in
the
end.
A
Based
on
what
the
framework
says
that
doesn't
that
doesn't
sort
of
bind
bind
maker
at
all.
So
then,
what
can
just
happen
is
that
if
the
meta
dials
basically
looks
at
this
framework
and
then
interprets
it
in
a
way,
that's
sort
of
very
aggressive
right
and
thinks.
Okay,
we
can
go
ahead
and
lend
to
all
the
stuff
here,
and
then
we
can
assume
that
the
d3a
will
keep
pumping
in
money
is
to
do
that.
A
But,
but
in
the
in
the
scope
in
the
sort
of
make
a
call
governance
process,
basically
it's
this
process
right
here,
that's
sort
of
a
top-down
process
initiate
prioritize
and
initiated
by
by
coordinates
right.
There
might
be,
you
know,
then,
a
decentralized
collateral
core
unit
that
will
observe
this
is
happening
and
see
and
be
like.
Okay,
I
completely
disagree
with
that
interpretation
of
the
framework.
I.
A
Don't
think
that
whatever
this
particular
collateral
thing
counts
as
what
they
think
what
they're
you
know,
what
they
think
that
it
it
counts
as
and
then
what
they
will
do
is
they
will?
They
will
propose
an
adjustment
to
the
like
the
line
of
creativity.
You
might
do
the
great
adjustment
to
the
d3m
and
then
yeah
I
mean
and
then
David's
making
point
that
then
this
is
this
means,
then,
that
you
can
have
a
lot
of
what.
A
If
you
then
have
a
lot
of
situations
where
you
have
a
meta
dialect,
trying
to
push
the
limit,
and
then
you
have
a
coin
and
have
to
go
in
and
be
like.
No,
you
can't
do
that
and
then
they
try
to
do
it
in
some
other
way
and
then
make
a
call
again
has
to
spend
a
whole
bunch
of
like
brain
Cycles
being
like
no,
you
can't
do
that
either
and
that's
basically,
where,
like
we
have
penalties,
basically
come
in.
A
So
the
thing
is
like:
if
a
matter
now
takes
some
action,
that
requires
make
a
call
to
like
immediately
react
and
immediately
change
parameters
and
de-prioritize
other
things.
In
order
to
to
deal
with
this
issue,
then
that's
I
mean
that's
basically
a
situation.
Where
make
your
mind,
then
people
like
penalize
the
minute
now
in
the
sense
what
maker
is
doing
is
then
saying?
A
A
This
is
actually
that
the
metadats
were
sort
of
working
with
this
stuff
in
real
life
right
in
the
day-to-day
and
there's
of
the
you
know,
they're,
taking
a
lot
of
risk
and
they're
depending
heavily
on
this
scope
framework
up
here
right,
then
they
benefit
immensely.
Let's
go
framework
is
very
well
made
and
it's
very
specific
and
really
sort
of
cup
like
provides
as
much
detail
as
possible
and
as
little
of
this
like
gray
areas
where
the
metadars
will
have
to
sort
of
make
their
own
judge
judgment
call
right.
A
A
Well
and
then,
and
then
just
to
sort
of
continue
on
this,
this
specific
analy,
because
I
think
so
I
think
one
of
the
things
David
is
talking
about
so
David
is
talking
about
well
anyway.
Maybe
there's
no
way
it's
talking
about.
But
let's
talk
about
the
hypothetical
scenario
where
metadata
sort
of
maliciously
trying
just
like
YOLO,
it's
d3m
line
of
credit
out
as
quickly
as
it
possibly
can
and.
A
And
yeah,
but
so
basically
I
mean
that's
actually
like
that
would
actually
be
considered
a
governance
attack
right.
So
if
you
have
a
kind
of
you
have
a
metal
dial,
that's
attempting
to
sort
of
say
yeah
they
will
adjust,
they
will
re
like
they'll
adjust
my
dead
ceilings
later,
but
by
then
I
will
already
already
have
yellowed.
All
this
money
out
and
I've
made
the
metadata
worthless,
and
then
my
sort
of
external
collaborator
will
have
gain
all
the
value
right,
and
so
that's
something
that
I
mean.
A
So
if
the,
if
the
change
is
trying
to
make,
is
let's
onboard
this
coin
and
YOLO
out
250
million
that
we
have
available
and
like,
if
that's
put
in,
if
that's
attempted,
to
put
into
a
major
executive
boot,
then
it's
supposed
to
be
caught
in
that
process.
Right
then,
there's
like
a
there's
like
this
final
review
of
of
these,
like
metadata
Omnibus,
spells
where
all
the
meta
does
bundle
together
all
of
the
actions
into
one
giant
executive
vote
that
it
happens
on
a
monthly
basis.
A
Oh,
it's
even
missing,
but
so
and
basically
I
mean
one
one
kind
of
new
addition.
That's
not
even
reflected
in
this
drawing
here
and
unfortunately
lost
I
think,
but
there's
actually
supposed
to
be
a
call
security
team
that,
like
specifically
Smart
Country
developers,
that
they
simply
I
mean
they
actually
their
their
job,
really
is
to
review
the
tech
service
of
metadatas
trying
to
bundle
in
like
actual
hex
into
executive
votes
right,
but
then
also
just
generally
review
the
you
know
the
the
proposals
coming
from
the
matter.
A
And
then,
if
you
see
I
mean
if
you
see
a
government's
attack
coming
out
of
a
matter
now
and
you
can
and
you
catch
the
governor's
attack,
then
you
just
I
mean
I.
Guess
you
take
all
assets
from
the
metadata
basically
and
I
mean
that's,
that's
kind
of
the
risk
of,
and
ultimately
that's
after
major
governance
as
well
right,
so
them
care
holders
can
simply
decide.
That's
a
that's!
A
A
Governor's
attack
we're
going
to
shut
you
down
because
of
that
right,
and
so,
even
if
it's
like
an
accidental
governance
attack,
that
might
still
happen.
Actually,
if
you
have
something
that's
totally
like
blatant,
where
it's
like
literally
the
metadata,
they
just
don't
understand
that
it's
a
governance
attack
if
they're
trying
to
YOLO
out
250
million
into
some
Dogecoin
clone.
A
And
then,
as
a
result,
because
it
can
happen
accidentally
and
it
results,
it
should
be
stopped,
I
mean
unless
we
are
too
aggressive
with
how
we
allow
metadat
proposals
to
go
through
and
then
it
should
always
be
stopped
in
the
executive
vote
stage
and
then
there's
like
this
trim.
You
know
this
Total
Wipeout
occurs
of
the
meta.
Now,
in
that
case,
and
as
a
result,
because
to
avoid
that
happening
to
them
right,
then
they
can
preemptively
figure
out
their
own
sort
of
throttles.
A
They
could
put
in
place
right
so,
for
instance,
on
there
like
the
Crimson
cluster,
if
they
put
up
a
landing
engine
that
supports
you
know
eth
as
collateral
and
Bitcoin
is
collateral
and
you
know
like
stay
teeth
and
Heath
and
wbtc
is
collateral
and
then
maker
really
likes
that
and
puts
tons
of
like
slowly
ramps
up
and
puts
a
lot
of
of
capital
into
that,
and
then
maybe
they
can
put
some
kind
of
mechanism
in
place.
So
even
if
they
added
another
collateral
type,
they
added
some
new
experimental.
A
You
know
some
Shiba
Ino
coin
or
something
right
and
they
added
at
a
low
debt
ceiling.
Then
they
actually
themselves
will
put
in
place
mechanisms
that
make
it
impossible
for
them
to
then
you
know
accidentally
said
that
they're
selling
to
250
million
whatever
it
is
right,
so
that,
by
putting
that
protection
in
place,
they
can
never
accidentally
or
otherwise
be
in
a
position
where
they
will
they
will.
You
know,
try
to
pass
something
like
pass.
You
know
try
to
basically
take
an
action
that
they,
you
know,
propose
to
make
your
governance
to
execute.
A
A
A
A
You
know
they
could
get
a
penalty
or
they
could
at
least
get
it
sort
of.
They
could
have
that
result
in
you
know
worst
risk
parameters
for
them
right
and
they
could
even
get
a
penalty
for
that
and
then
some
kind
of,
like
abuse,
basically
of
I,
mean
total
disregard
for
the
framework
and
and
basically
attempts
to
make
take
actions
that
are
just
directly
damaging
and
and
it's
easy
to
tell
that
they're
they're
directly
damaging
that's
considered
a
governance
attack
and
you
you're
you
have
like.
A
A
Yeah
and
and
right
and
and
really
fundamentally
yeah
the
whole
point
is
maker,
call,
becomes
oversight
and
control
and
exactly
right
and
and
with
tons
of
actually
there's
like
a
lot
of
complexity
in
how
that's
structured
right,
there's
a
lot
of
explicit
complexity,
which
is
completely
absent
today.
But
that's
not
really
like
it's
a
good
thing
to
have
it
very
clear
who
exactly
is
responsible
and
how
are
they
responsible
right?
A
So
this
thing
we're
talking
about
here,
there's
actually
like
two
there's
like
multiple
separated
responsibilities:
right
there's
the
council,
which
are
the
people
who
are
responsible
for
the
framework
itself
and
because
you
can,
you
have
to
assume
that
the
council
could
be
corrupt
actually
right.
So
there
could
be
a
metadata
that
actually
controls
the
council
somehow
right.
A
But
so
in
order
to
prevent
that
like
to
sort
of
reduce
the
damage
that
that
can
cause,
you
have
separation
of
powers
right,
so
the
council
they
can
create.
They
can
change
the
framework,
but
they
can't
enforce
it
so
actually
corrupting
the
council
doesn't
really
help
that
much,
because
even
if
you
can
do
that,
you
can
still
only
change
the
framework
in
a
way
that
benefits
everyone
right.
So
you
can't
really
like
embezzle
value
that
way
directly.
A
At
least
you
can't
do
that
as
easily
right
as
if
it
was
all
controlled
in
one
spot,
and
then
you
have
the
core
units
and
that
actually
enforce
and
interpret
and-
and
they
also
themselves
have
sort
of
separation
of
redundancy
right.
So
you
have
multiple
coordinates.
So
that
means
you
could
have
multiple
coordinates
that
have
different
opinions
and
make
multiple
proposals.
So
maker
gets
to
actually
consider
multiple
proposals
and
then,
if
one
of
them
is
corrupt,
then
you'll
have
something
we're
kind
of
like
likely
stand
out.
A
Most
importantly
also
because
the
framework
isn't
going
to
change.
If
it's
a
coiner,
that's
corrupt
right,
so
you
would
have
one
proposal
record.
It
might
be
completely
disregarding
the
framework
like
really
pushing
the
limit
of
the
framework
to
the
point
where
it's
it's
clear,
that
there's
corruption
and
then
the
council
is
able
to
be
sort
of
the
professional
counterbalance
to
this
right.
A
So
they
can
sort
of
directly
detect
and
observe
this
and
then
propose
action
in
return
which
would
then
be
to
to
penalize
the
government
that
runs
the
community,
because
because
this,
even
this
up
here
is
also
run
run
by
metadats
right.
It's
the
whole
point,
and
so
those
meta
does
also
have
tokens
and
they
also
have
Junior
cable
and
they
also
have
kind
of
like
a
place
where
you
can.
You
can
put
that
responsibility
and
and
create
a
strong
incentive
for
them
to.
A
You
know
to
prevent
this
from
happening
in
the
first
place,
and
then
all
the
Innovation
and
all
the
open-ended
experimentation,
and
so
on
is
pushed
out
like
that's
basically
pushed
out
into
to
The
Independent
Business
models
here
right,
so
that's
very,
very
far
removed
from
make
a
call
and
the
metadata
can
just
do
whatever
they
want
and
it's
not
going
to
hurt
a
manner
for
maker.
But
it
is
going
to
benefit
me
because
you
know
the
money
from
that
is
going
to
go
to
the
Surplus
buffer
and
then
from
the
service
buffer.
A
It's
going
to
go
to
accumulating
Elixir
and
then
by
accumulating
Elixir
you're,
benefiting
me
because
now
you're
the
building
up
liquidity
from
here
on
top
of
that
they're.
Also,
then,
you
know
just
benefiting
the
term
of
the
maker
gets
to
constantly
Yield
Fund
over
time
and
through
the
permanent
emissions
of
the
metadowns.
A
So
from
that
perspective
you
can
think
of
the
metal.
That's
like
a
BC
model
right
where
makers
like
incubating
random
in
projects
that
have
nothing
to
do
with
maker,
but
there
are
so
many
other
ways
here
where
they're
completely
linked
together
right,
so
they
also
provide
very
crucial
sort
of
front-end
functionality
for
for
maker
coal
itself,
which
makes
them
you
know
in
that
regard.
They're
completed.
It's
totally
cannot
be
compared
to
to
the
sort
of
the
BC
business
model
at
all.
A
And
yes
to
pritkin's
question
right
that
the
metadats
are
really
they're,
told
they're
completely
incomparable
to
like
classic
startups
or
subsidiaries
or
divisions,
or
anything
like
that
really
like
there.
You
can
make
there's
some
on
what
they
do,
that
you
can
compare
to
each
of
those
things,
but
there's
no
like
single
comparison.
That
makes
sense
foreign.
A
Example
of
how
they're
very
different
Beyond
this
stuff
here
right
this
meta
down
front
instead
of
you
one
another
example
of
how
they're
very
different
from
the
BC
model
is
that,
ultimately,
meta
tiles
aren't
like
they're
independent
for
maker
to
some
extent,
but
they're,
also
not
fully
separated
from
maker
right
like
they're,
not
you
know
like
the
Crimson
metadata,
the
Crimson
cluster
melaton
right
would
not
have
that
I
mean
it
would
have
a
closer
relationship
with
maker
than
something
like.
Even
though
they're
both
running
on
the
d3m.
A
A
Yeah
I
mean
it's
it's
it's
comparable
to
a
subsidiary
or
a
startup,
but
it's
also
very
different
right
because
you
don't
have
like
you,
wouldn't
have
crazy
tokonomics
linking
a
subsidiary
together
with
a
with
a
holding
company.
For
instance
right.
You
just
have
like
a
very
basic
you're,
just
having
a
100
ownership
structure
or
some
kind
of
mixed
ownership
structure,
but
meta
does
I
mean
at
their
core
what
they
re
like
the
the
thing
that
says
that
makes
you
know,
that's
most
important
about
them
is
the
concept
of
meta
engineering
right.
A
The
community
is
the
core
part
of
it,
and
the
team
is
is
something
that
the
community
brings
on
to
sort
of
help
achieve
their
goals
But.
Ultimately,
it's
the
I
mean
the
problem
is
really
that,
and
this
is
kind
of
like
one
of
the.
This
is
one
of
the
core
issues
that
we're
trying
to
deal
with
right.
The
problem
is
that
there's,
no
there's
no
fiduciary
duty
in
a
doubt
right,
so
you
can't
really
trust
the
team.
A
A
But
if
you
do
that
in
a
minute
or
in
any
doubt,
then
over
time,
the
incentive
for
the
team
is
to
just
invest
all
the
funds,
because
that's
perfectly
legal,
it's
perfectly
acceptable
right.
If
a
dial
gives
you
an
opportunity
to
take
funds
from
it,
there's
nothing
stopping
you
from
from
doing
that
right,
because
the
Dow
specifically
attempts
to
not
be
illegal
entity,
and
if
it
doesn't
attempt
to
not
be
legal
entity,
then
of
course
it's
just
a
company
and
it
should
just
be
set
up
with
proper
contracts.
A
And
then
the
management
should
have
producer
Duty.
And
then
you
don't
have
any
of
these
issues
at
all
right.
But
then
you're
also
subject
to
you
know
all
the
rules
and
all
the
the
requirements
of
being
a
company
and
you
lose
the
benefit
of
being
a
downer
and
you
lose
the
ability
to
be
resilient
and
neutral.
A
A
Otherwise,
that's
yeah
I
mean
I,
think
I
I
hope
any
anyone
that
I
think
with
this
proposal
from
the
CR,
the
Crimson
cluster,
it's
made
things
more
concrete
right
and
yeah.
Okay,
cool
I'm,
already
seeing
some
more
questions
here,
so
I
think
it's
going
to
be
a
really
good
place
to
sort
of
get
practical
and
in
discussing
different
things,
so
hope,
I,
hope
people
will
jump
to
that
that
the
post
and
ask
a
lot
of
questions.