Why we collaborate

'Much of our intellectual elite who think they have “the solutions” have actually cut themselves off from understanding the basis for much of the most important human progress.’
Michael Nielsen, Quantum Physicist

The challenge 

In the traditional finance, law and technology professions. But there are also some profound problems at the core of traditional institutions and how they make decisions in a new, fast-changing  world, where DeFi, Web 3.0, Blockchain, Cryptocurrencies, Smart Contracts and Digital Assets provide novel answers to old and unsolved problems.

Our aim

It is important when dealing in the DeFi space to understand different areas (Crypto, NFT, etc...) and at different levels of abstraction, not be stuck in a single silo or level of thinking and be open to the expert's ideas who are outside of your area of competence.

This way of approaching DeFi space may seem chaotic and “not the proper way” to some, but the community does not care about “mainstream thinking” but is more interested in exploring ideas, smart thinking and idea meritocracy.

As Paul Graham and Peter Thiel say, most ideas that seem bad are bad, but great ideas also seem at first like bad ideas — otherwise, someone would have already done them.

Incentives and culture push people in normal traditional financial institutions away from encouraging ‘ideas that seem bad’.

Part of the point of the community is to find, challenge and discuss ideas that seem bad at first glance but may have tremendous value in the DeFi space.

The known unknowns

There is a good amount of reluctance by the incumbents to adopt these new concepts and technologies, primarily rooted in unfavourable incentive structures and game-theory decision-making rational.

Yet, we are today witnessing a confluence of: 

a) the rise of Blockchain technology which requires foundational changes in how the traditional finance industry is structured and how it makes decisions, 

b) the need to make rapid progress to stay current with uncertain and ever-changing regulations in the digital asset space; and

c) the emergence of aspiring contenders who are hungry, fast and intelligent.

There is an incredible opportunity at the intersection of traditional finance, distributed ledger technology, decentralisation and digital assets.

There is an incredible opportunity at the intersection of traditional finance, distributed ledger technology, decentralisation and digital assets.

Global crypto insights community brings people together from different backgrounds with a mutually complementary set of world-class skills to join forces in collaborating and networking as a community.

The game theory 

The category of problems associated with collective action, where individual incentives are misaligned with globally optimal outcomes. These are problems that have existed throughout human history
under different guises. Game theory explains why they occur.

While reviewing these discussions is outside of the scope of the DAO, we recommend the following reading: