There’s a famous saying in business that culture eats strategy for breakfast. Organizations are made up of people, and the organization’s culture dictates how they behave. The best strategy in the world can’t overcome behavior that is at odds with the organization’s mission and values. At least not for very long.
Really enjoy your newsletter Andy. It's been a great baseline as I learn more and more about digital assets. Should be required reading for anyone in the space. One topic that I'd love your thoughts on is something I've been thinking a lot about lately. Outside of Coinbase, the barriers to entry in DeFi and Crypto in general is knowledge. It takes awhile of dedicated learning to understand what you want to do and how to do it (which is the downside of autonomy, if you want to be the captain of your own financial ship, you have to learn how to sail first). One downside that I see is how would my family know how to access all my crypto assets if something were to happen to me? In traditional finance there are processes for asset transfer to relatives upon death. In crypto...it's intentionally difficult for others to access your assets. I think alot about Len's wife, and assuming he really was Satoshi, is it right for his million BTC to sit untouched forever? I'd want my family to have access to my digital assets. When you build structures and protocols intended to only be accessed by you...what happens when you die, and your family isn't as crypto-native as you? Anyway, love the newsletter, please keep them coming!
I am working on key metrics that would be used by investors, founders, users to evaluate decentralized applications, tokens etc.
I have analyzed tokenomics and variables ensuring community' stickiness. However, it appears that core attributes of DAO would further
improve the analysis
Really enjoy your newsletter Andy. It's been a great baseline as I learn more and more about digital assets. Should be required reading for anyone in the space. One topic that I'd love your thoughts on is something I've been thinking a lot about lately. Outside of Coinbase, the barriers to entry in DeFi and Crypto in general is knowledge. It takes awhile of dedicated learning to understand what you want to do and how to do it (which is the downside of autonomy, if you want to be the captain of your own financial ship, you have to learn how to sail first). One downside that I see is how would my family know how to access all my crypto assets if something were to happen to me? In traditional finance there are processes for asset transfer to relatives upon death. In crypto...it's intentionally difficult for others to access your assets. I think alot about Len's wife, and assuming he really was Satoshi, is it right for his million BTC to sit untouched forever? I'd want my family to have access to my digital assets. When you build structures and protocols intended to only be accessed by you...what happens when you die, and your family isn't as crypto-native as you? Anyway, love the newsletter, please keep them coming!