2/ You say 1) “fair launch”/not giving yourself tokens was a huge mistake and 2) you need to have a lot of money to build dapps. Correct on both counts. Maybe we can put this notion that VC is evil to bed. I bet you would much prefer working with VC whales than YFI whales.
3/ VC whales understand the problem space better, and are more risk averse so they don’t pressure you to put out endless contracts. They encourage you to focus in on the real problems you are trying to solve and put out something excellent when it is finished, but not before.
4/ @AndreCronjeTech, you can stop this cycle just by being more thoughtful on what you spend your time on. Maybe it’s not YFI. You seem miserable dude. If you have no upside, go fix that. Do something else. You’ve gotten notoriety & prestige out of this, it will follow you.
5/ One of your complaints is that anyone can steal your work in defi. And yet YFI chooses to partner with Sushi. When a legit dapp validates a stolen dapp buy partnering, it just encourages that kind of behavior. Maybe keep that in mind for your next project.
6/ Completely disagree that community is bullshit. Uniswap community & users evangelized uniswap into the biggest dapp on ethereum long before there was a token. The community incentive of needing decentralized liquidity was enough.
7/ If your users wouldn’t care about your product if there was no way to get rich off of it, then it probably isn’t that useful of a product.
8/ I hope you get to feeling better. And I hope other devs reading your post realize they don’t have to do things the hard way like you have done. Building in this space can be super rewarding when done right.
You can follow @ashleighschap.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:

By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.