Full notes for this episode at: https://solfate.com/podcast/57
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Notes from the show

In this conversation, James and Proph3t discuss futarchy and its application in governance. They explore the concept of futarchy, which is governance by markets, where decisions are made based on market predictions of the impact on a reference asset's price. Proph3t shares his journey of discovering futarchy and his motivation to implement it in MetaDAO. They discuss the vision for MetaDAO, which aims to create a decentralized organization that operates as an amalgamation of autonomous startups leveraging common assets. They also touch on the process of raising proposals and the accountability mechanisms in MetaDAO.

The conversation highlights the efficiency of market-based decision-making and the empirical evidence supporting its effectiveness. The conversation explores the concept of futarchy as a new form of governance and decision-making. Futarchy combines elements of democracy and market mechanisms to make decisions based on financial incentives. It introduces the idea of trading votes and using conditional markets to determine the outcome of proposals. The conversation also touches on the challenges of voting manipulation and the potential benefits of futarchy in combating this issue. The guests encourage listeners to participate in futarchy and contribute to this experiment in governance.

Takeaways

• Futarchy is governance by markets, where decisions are made based on market predictions of the impact on a reference asset's price.
• MetaDAO aims to create a decentralized organization that operates as an amalgamation of autonomous startups leveraging common assets.
• In MetaDAO, proposals are raised and voted on through market trading, aligning personal incentives with the proposal's expected outcome.
• Market-based decision-making has been shown to be more efficient than alternative methods in various contexts.
• MetaDAO is still in its early stages and is working towards improving its infrastructure and scalability. Futarchy is a new form of governance that combines elements of democracy and market mechanisms.
• It introduces the concept of trading votes and using conditional markets to determine the outcome of proposals.
• Futarchy has the potential to combat voting manipulation and incentivize participants to make informed decisions.
• Listeners are encouraged to participate in futarchy and contribute to this experiment in governance.

Find Proph3t and MetaDAO online
- Follow Proph3t on twitter - @metaproph3t
- MetaDAO's website - https://metadao.fi

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Nick

• twitter: @nickfrosty
• github: github.com/nickfrosty
• website: https://nick.af

James

• twitter: @jamesrp13
• github: github.com/jamesrp13

Solfate Podcast

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Full notes for this episode at: https://solfate.com/podcast/56
Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePod

PS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)

📝 Notes from the show

A conversation with Vito from All Art.

Vito, co-founder of All Art, shares his journey into the crypto and virtual reality spaces. He discusses the challenges of payments in virtual reality and the need for instant and low-cost transactions. Vito explains how his team experimented with the Stellar blockchain and the development of their NFT platform. He also highlights the negative perception of NFTs and the impact of media coverage. Vito concludes by discussing the partnership with Coca-Cola and the different approaches of marketing and innovation teams within large companies. He emphasizes the importance of understanding the problems that clients or partners face and tailoring the technology to solve those specific issues. Vito introduces the concept of Digital Object Tokens (DOT) and the need for standardized metadata to accurately represent real-world assets on the blockchain. He also highlights the challenges of user experience and the importance of collaboration with brands, regulators, and governments to drive adoption and solve key problems in the blockchain space.

🔗 Find Vito and All Art online
- Follow Vito on twitter - @vjevremovic
- All Art's website - https://all.art

Follow us around

Nick

• twitter: @nickfrosty
• github: github.com/nickfrosty
• website: https://nick.af

James

• twitter: @jamesrp13
• github: github.com/jamesrp13

Solfate Podcast

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A conversation with Arnold, the co-founder of Sphere (a payments and banking platform on Solana).

PS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)

Summary

Arnold shares his background and early experiences with crypto, including his journey to building Sphere on the Solana blockchain. He discusses the benefits of blockchain and the pragmatic approach to decentralization. Arnold also emphasizes the importance of understanding history in the context of blockchain. Finally, he explains the pain points that Sphere Payments aims to address.

In this conversation, Arnold discusses the benefits of using Sphere to simplify crypto payments and integrations. He highlights the challenges of creating an SPL transfer wrapper contract and emphasizes the ease of using Sphere for accepting crypto payments, especially from international customers. Arnold also explains that Sphere is a suitable solution for businesses that want to handle their finances in a crypto-based world. He mentions the ability to accept payments in fiat and have them land in USDC, as well as the future goal of automating payout processes. Arnold advises listeners to learn from history and consider unconventional approaches to problem-solving. The conversation concludes with plans for future discussions and appreciation for the insights shared.

Takeaways

• Blockchain offers the potential for decentralized solutions, but it is important to take a pragmatic approach and consider the existing systems and their benefits.
• Understanding history is crucial in the context of blockchain, as it helps us recognize the challenges and opportunities that arise from the current financial and regulatory systems.
• Sphere Payments aims to address pain points in the correspondent banking system, such as high fees, slow transactions, and lack of transparency.
• By leveraging blockchain technology, Sphere Payments provides a more accessible and efficient way to transfer value, particularly for remittances and cross-border transactions. Sphere provides an easy and efficient solution for accepting crypto payments and simplifying integrations.
• The target customers for Sphere are businesses that want to handle their finances in a crypto-based world.
• Sphere allows for accepting payments in fiat and converting them to USDC.
• Automating financial processes and exploring unconventional approaches can lead to more efficient solutions.
• Future conversations with Arnold are anticipated to delve deeper into historical and philosophical aspects of crypto.

Find Arnold and Sphere online

• Follow Arnold on twitter - @0xdirichlet
• Follow Sphere on twitter - @sphere_labs
• Checkout the Sphere website - spherepay.co

Follow us around

Nick

• twitter: @nickfrosty
• github: github.com/nickfrosty
• website: https://nick.af

James

• twitter: @jamesrp13
• github: github.com/jamesrp13

Solfate Podcast

• twitter: @SolfatePod
• more podcast episodes: solfate.com/podcast
• collect episodes on Drip: drip.haus/solfate