Real conversation I had at ETHDenver
Me: โWeโre Cabin, a DAO building a decentralized city. Our first node is a 28 acre property outside of Austin, TX where we host retreats and residencies.โ
Cryptobro: โwait, so which metaverse is this in?โ
95% of NFTs are money grabs, jokes, and experiments that will collectively be worth $0. The other 5% will create a composable layer of ownership that shapes the future.
the biggest gap in web3 is what made web2 work: communication
- thereโs no native messaging for blockchain addresses
- DAOs grudgingly use discord
- our social graph lives on twitter
- itโs hard to retain users without email addresses
web3 will struggle until we solve this
If youโre over 30 and donโt get why all the kids are talking about web3:
- set up an ETH address (just google it)
- reply with it here
- weโll airdrop your first crypto $BOOMER tokens
If you are young and ambitious, join a DAO
Actuallyโฆresearch 20 DAOs, join 5 DAOs, and then pick 1-2 that deeply resonate and contribute to them
No other path will allow someone, regardless of background, to convert effective proof of work into career opportunities faster
for anyone who thinks DAOs were just a fad:
prepare yourself to be surprised over the next 18 months as composable web3 social legos start rapidly coming together and enabling auto-magical coordination, identity, and reputation
I'm getting an early glimpse and its beautiful
DAOs are divergent: good for exploring edges, trying new things, iteratively innovating
Companies are convergent: good for executing on a specific, well-defined task
The most successful DAOs will be composable networks of DAOs and companies, structured like economies
The first prototypes of the
@creatorcabins
passport card
Embedded with a chip that holds the private key to unlock IRL experiences and spaces at Cabin:
just picked up our first
@DeGodsNFT
via Mint Club
after meeting
@frankdegods
this week, I am bullish on his commitment to building a world-class internet native community
Also ended up spending hours talking with
@WillPapper
,
@JonathanHillis
,
@fifthworldzach
, and
@joey_debruin
.
One of my favorite conversations of the year.
There are still so many smart people in this ecosystem still here and creating incredible things.
Blockchains are better immutable public ledgers, not more efficient databases
Ethereum is a better shared state computer, not a more performant CPU
DAOs are better for emergent coordination among strangers, not single-focused execution
Use the tools for what theyโre good at
People will point to blockchain technology & argue its inefficiencies when compared to traditional high throughput databases.
The real comparison should be between highly inefficient & expensive intermediaries like banks, lawyers, art brokers, governments, & stock exchanges.
the unfortunate reality of VC funding is that there are currently lots of teams that have never worked on DAOs trying to build tools for DAOs
building "DAO tools" without context or direction is as meaningless as saying you want to build "company tools"
what? why? for who?
Just spent a magical weekend with 60 of the biggest gigabrains and gigahearts of web3 at DAO Camp ๐
Came back to a timeline of doom and gloom as markets collapse, but Iโm feeling nothing but joy and excitement about the future weโre building
friend tech is a sketchy side loaded buggy app with dark UX patterns that demonstrates how broken crypto onboarding still is, has no purpose besides degen speculation, and is driving short-term engagement from airdrop farming
is this really the best we can do as an industry?
I wrote a new essay about the future of decentralized, internet-enabled cities and why I'm building cabins for independent online creators in the Texas Hill Country.
Ken loses $43.5M and cements his position as the villain of the internet
We demonstrated the value of DAOs and have a strong community that wants to reinvest a war chest
Who won?
I'm no economist, but maaaaaybe if a bunch of bankers changing a cell in their spreadsheets by 0.5% causes the entire market to collapse, we aren't working with a super resilient system?
some of my favorite people in web2 are the ones most skeptical of web3
I get it: scams, gas fees, bad UX, regulatory uncertainty
we just have to keep building real use cases and welcoming them with open arms when they finally show up to help build
I recently asked a big group of friends in their 30s: who wants kids in the future?
One person said yes
A few said maybe (if the stars align), most said no
Possible my friend group is biased, but I think people are underestimating the potential impending demographic collapse
We need a DAO operating system that integrates:
โข token crowdfunding
โข token gated membership
โข multi-sig treasury
โข governance & voting
โข community discussion
โข knowledge management
โข tasks, specs, and bounties
โข code version control
who is building this?
So many people dream of getting their squad together and building a place to live, but the barriers to doing it are too high
Cabin now offers the full package to help make your squad wealth dreams a reality
there's this narrative that DAOs have "failed"
we are trying to create incorruptible organizations capable to replacing broad societal institutions
it's going to take more than a couple years of half assed experiments to figure this out
I've enjoyed looking at the Seed Club applications, but I wish there was more weird stuff coming through for SC05.
If you have a crazy, weird, out-there idea for a tokenized community, apply now and let me know so I can boost your application.
๐ CabinDAO is live!
๐ช We crowdfunded >15 ETH for creator residencies
๐งโ๐จ We want to bring the first 12 creators out for one-month stays
@creatorcabins
๐๏ธ If you're a $CABIN holder, you can slide into our Discord to discuss the plan. See you there : )
I wrote a new article about how DAOs are uniquely capable of turning memes into money, money into communities, and communities into perpetual hyperstructures
Today, we are launching Cabinโs network city.
Our network city is a set of globally-distributed properties designed for remote workers and creators who love nature.
Some personal news, as they say:
I'm joining
@reforge
as an Executive in Residence!
Excited to be a part of their incredible community, learn alongside some of the best and brightest in the industry, and continue to have the time & space to pursue my own projects
Two DAO death announcements today. Both were trailblazing leaders over the past few years.
Lots of others are abandoned zombies, even if not officially dead yet. Many more will follow.
And from their ashes and learnings, new internet native organizations will rise.
We're officially announcing Seed Club Ventures!
we've been stealth investing as a venture DAO in projects like Lens, Metalabel, Stability AI, Guild, and Cabin
proud to be an advisor to the fund doing the most to support internet native communities and the tools that power them
Today, we are excited to come out of โstealthโ and officially announce ourselves.
Hello world, we are Seed Club Ventures, a $25M venture DAO investing in a world of internet-native organizations ๐ฑ
What are we up to? Read on โ
People think DAOs are about decentralization, but the under-rated feature is open organizational design:
1. anyone can check out the vibes
2. information is accessible and transparent
3. people can manifest roles through proof-of-work
flips the whole idea of jobs on its head
You can't show up uninvited at Google, sit in on their meetings, check the vibe, get paid to contribute to a few projects, and then decide whether to commit full-time.
You can with DAOs.
Thinking about spinning up a job board for DAO gigs
For web2 people: an easy way to dip their toes into DAOs via freelancing
For DAOs: a way to expand the network of contributors beyond the core DAO crowd
maybe the job board could even be a DAO? what do you think?
NETWORK STATES vs. NETWORK CITIES
a thread on some of the differences between Balaji's definition of a network state and how we're building a network city at Cabin
one of the most important crypto metrics few people ever look at: multi-sig transactions
as long as more people are coordinating on-chain more frequently, I'm bullish ๐ฎ
a DAO buying giant advertisements featuring a picture of the founder is the most cringe thing I've seen in web3 recently, and that's really saying something
one of the highest leverage things you can do is identify people who you believe in that the world hasn't discovered yet and find ways to invest in them
โgroups of writers getting paid below market rate to have their words edited by an oligopoly of heirs that print those words on physical paperโ
...is an interesting definition of the cornerstone of democracy
We're launching Hydra Ventures, the first investment DAO for investing in investment DAOs
it's built on the fact that DAOs are uniquely good at:
1) sourcing information and resources from broad networks
2) allocating capital collectively
3) spinning off fractal meta-structures
We are proud to announce the summoning of Hydra Ventures, the first dedicated investment DAO fund of funds.
With over $10m raised & ready to deploy, we're excited to back the next generation of early-stage investment DAOs.
Weโve taken specialization and comparative advantage too far
The result is fragile monoculture across society and an associated emptiness of purpose
Fix your appliances
Grow some food
Nurture local nature
Cosmopolitan localism is a path back to meaning and resilience
From Balaji's opener to Grin's deep dive, Cabin has been prominently featured at the Network State Conference
Our community should be proud of what we've accomplished as we build the first network city
In an effort to build a stronger network of families in our neighborhood,
@lauren_a_hillis
and I hosted Saturday morning coffee and donuts in the park near our house
what we did, how it worked, and what we learned below...
all I want is a scifi novel with a plausible story line for how the following trends intersect in the next 50 years:
โข artificial intelligence
โข climate change
โข blockchains
โข augmented reality
โข fertility collapse
Since
@tpotvibecamp
is at my childhood summer camp, I will be giving a walking tour of places where:
โข a lifeguard jumped in to save me after a 30 ft belly flop
โข I cried to "The First Cut is the Deepest" post-heartbreak
โข all of my shoes were thrown into the lake by a bully
โthere is a room for some kind of startup society right now; there's a lot of demand for a physical community oriented around particular values โฆ that combines with a pragmatic need to escape the high living costs of the USโ โฆ
@VitalikButerin
โฉ
As we prepare to have a baby in California, my parents just mailed us a box of dirt from Texas to put under the delivery bed so that our son can be "born on Texas soil" ๐๐ค
We're excited to announce a crowdfund for one year of residencies
@creatorcabins
!
It's an experiment in universal creator income, tech stacks for decentralized cities, and the physical manifestation of DAOs.
Learn more and contribute here:
What book would you nominate as the solarpunk manifesto?
I think I might choose Buckminster Fullerโs Operating Manual for Spaceship Earth
Written in 1969 (!) it provides a visionary framework for building towards global abundance for humans and the environment
Who is building crypto wallets that look and feel like a video game?
โข sign a transaction to claim the account
โข design & customize your base avatar
โข add tokens for skins & accessories
โข display your treasure chest of NFTs, social tokens, etc
@darrenmarble
A VC fund with a thesis of investing in founders who started a company after taking a hero dose and seeing the future.
Could be the next big thing.
You can now build six dwellings for unrelated people on an 11,500 sq foot lot anywhere in Austin
Austin just became one of the best places in America to create a coliving compound with your friends
JUST IN: Austin will now allow duplexes & triplexes to be built nearly anywhere single-family homes are allowed in a bid by city officials to curtail the city's housing affordability crisis
@TexasTribune
#txlege
On June 21st, 1788, the Constitution became the law of the land when it was ratified by the 9th of the 13 original states.
In keeping with this tradition, the Constitution DAO multi-sig wallet requires 9 out of 13 signatures to approve transactions.
Just got home from a 3 day trip around Colorado scouting potential village locations with
@levin_phil
We visited and evaluated a wide range of urban and rural environments for raising families. Write up coming soon!
your periodic reminder that anyone can launch tokens, mint NFTs, auction them, start a DAO, split crypto assets, run a token-voted application process, and more
@viamirror
without writing any code
For my role as an EIR at Reforge, I put together a presentation titled "WTF is web3?" with a high-level summary of what I see as the biggest opportunities and challenges in the emerging ecosystem.
Sharing here in the name of building in public:
This is what takes web3 mainstream: great wallet UX and virtually free transaction costs
You donโt think about TCP/IP, HTTP, FTP, or SMTP when you use the internet
You wonโt think about blockchains, roll ups, zk snarks, or gas when you use web3 in the future
the next gen web3 wallet will use one seed phrase and automatically support all chains/layers.
it won't require the user to manually switch networks, it will know what network to use based on the app its interacting with
bridging assets will be seamless and abstracted
A year ago, I left Instacart to go build a cabin in the woods
I had a loose, crazy idea of what it could turn into, but the past year has wildly exceeded my expectations
So grateful for everyone who has been a part of the adventureโhard to imagine where we'll be in 5 years!
After a life-changing 5.5 years at
@Instacart
, Iโm leaving to pursue my own independent projects.
I went to the office today to pick up my stuff and took a long walk around the empty building, soaking in the memories.
I snapped this selfie at one of my old desks circa 2017...
Ironically, I think the source of most peopleโs loneliness is too many people
Too much time on crowded social media and in crowded cities
Not enough time in cozy corners of the internet and small coliving communities
TIL about "associated states" like Palau, which maintains sovereignty while outsourcing military protection to the United States
seems like a strong model and international legal precedent for how network cities and states could develop
First head of state on the Network State podcast!
Palau is a tiny island state with less than 20,000 citizens.
Yet this tropical paradise is a full UN member and tech pioneer.
Now, the President of Palau joins me to talk about digital identity and Palauโs path to sovereignty.
there are VCs who write a check and then you never hear from them again
there are others who write the first check, review your strategy docs, provide hard-hitting feedback, refer contributors, and send you meals when you have a newborn
founders, find yourself a
@JuliaLipton
can I say something without people getting mad...
if public goods are good and climate change is bad
then taking profits from a climate change producer and funneling them to quadratically funded public goods grants to help solve climate change is...probably good?
[Coming back through US immigration in Newark]
OFFICER: what were you doing in Montenegro?
ME: I was there for a conference
OFFICER: what kind of conference?
ME: *quietly wondering how to try to explain this* โฆ I work in tech โฆ
OFFICER: have a nice day
Iโm not headed to the Network State conference because
@lauren_a_hillis
and I have a baby boy arriving any day
Wouldnโt trade that for anything, but wish I could be there with the crew of amazing founders bringing this ecosystem to life
@grin_io
will be repping Cabin onstage!
I spent the holidays writing a brief history of the evolution of centralization and decentralization across the major eras of Western civilization
the goal was to look to the past for patterns that help explain where we seem to be headed next
The ghost town of Lobo, TX โ just south of Van Horn, home of the Blue Origin rocket launch facility โ is for sale
Asking price is $100k (seller financed!) as long you have a vision to do something cool with it
โฆlike starting a Cabin neighborhood
While this is a disappointing outcome, I'm incredibly proud of the team & community that came together to make this possible
We have seen a glimpse of the future of online coordination and it is bright
everyone Iโve been hanging with at is talking about how the โlame panels + rave partiesโ vibe at conferences sucks.
Letโs do something better and completely different. Once we all have some time to recoverโฆ
DAO summer camp style conference? ๐
Proof of work has meant using copious amounts of energy to perform math problems
What if blockchains in the future were secured by proof of productive public goods?
Real examples: providing internet, mapping spaces, sequestering carbon
1 is getting fixed with proof of stake
2 is an educational problem that gets better
3 is a big social problem without clear solutions
4 is a big technical problem that won't go away
5 is a big cultural problem to solve
6 is just classic early cycle
7 is our chance for humility
๐ฅ on the day of Instacart's IPO, a few fond memories from my time there ๐ฅ
โข Waking up at 5am every day in my first role to scroll through status pages and manually batch orders, route shoppers, and manage delivery options before we had automated them
โข Carrying a corporateโฆ