Chris Blec on Why He Believes a16zs Uniswap Vote Exposes DeFi as a Farce - Ep. 454

Published: Feb. 10, 2023, 8:30 a.m.

b'Chris Blec, DeFi researcher and founder of the Blec Report, explains why he believes the involvement of Andreessen Horowitz (a16z) in a contentious Uniswap governance proposal flies in the face of crypto\\u2019s core value: decentralization. He argues that the venture capital firm\\u2019s ability to potentially sway the vote in favor of a portfolio company undermines claims that DeFi is \\u201cpeople-powered.\\u201d The vote, which is not yet concluded, is the latest venue for people to debate the merits of DeFi governance and whether one token really should equal one vote.\\n\\nShow highlights:\\n\\nwhy a16z decided to vote against a key section of the Uniswap governance proposal\\n\\nthe problem Chris sees with the current design of DAOs\\n\\nwhether there is a parallel to be drawn between TradFi and DAO governance\\n\\nwhy Chris says people are mistaken when they think about the goals of crypto VC\\n\\nwhether the fact that some VCs control so much voting power goes against the ethos of decentralization\\n\\nhow Chris thinks VCs are funding lobbyist groups to push for their interests, not those of crypto as a whole\\n\\nwhy Chris believes the "one token, one vote" system doesn\'t work\\n\\nsome alternatives that could be pursued to help the issue of whale token voting\\n\\nwhether regulators will come after DAOs and especially the ones that are using current governance mechanisms\\n\\n\\n\\n\\n\\nThank you to our sponsors!\\nCrypto.com\\n\\n\\nGuest\\nChris Blec, DeFi researcher and\\xa0founder of the Blec Report\\n\\nTwitter\\n\\nTweet about token voting\\n\\n\\nTweet about engaging with a16z\\n\\n\\nLinks\\n\\n\\nUnchained: Does a16z Control Uniswap?\\n\\n\\n\\nCoinDesk: Contentious Uniswap Vote Highlights the Opaqueness of Decentralized Governance\\n\\n\\nRelated Twitter threads:\\n\\nFrom Eddy Lazzarin\\n\\n\\nFrom Defi Ignas\\n\\n\\nFrom Abdullah Umar\\n\\n\\nFrom Philipp Zentner\\n\\n\\nFrom Macro Mate\\n\\n\\nFrom Adam Cochran\\n\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'