DAOs, open source and “teal” management grew out of a single ambition: to act effectively without a rigid hierarchy and bosses who decide everything for everyone. Yet each model, on its own, inevitably runs into crisis. Web3 researcher Vladimir Menaskop explains why the three approaches work only together. forklog.com/en/daos-teal-man…

Thanks @dillonlin_ for great performance. How we made “believe in somETHing” a reality.

The crime supercycle is indeed very real. While it’s true the industry has historically been ripe for abuse it has noticeably increased since politicians launched meme coins and numerous court cases were dropped further enabling the behavior. Laundering groups and small OTC brokers have seemingly won the battle for Lazarus Group after successfully laundering recent hacks (Bybit, DMM Bitcoin, WazirX, etc) with ease. I estimate the Black U market on Tron is no less than $5-10B and largely unattributed. A number of teams sit and watch collecting fees doing nothing when >50% of the activity for their protocol comes from stolen funds. Influencers and KOLs face zero repercussions for scamming followers / projects. Courts siding with smart contract exploiters due to outdated laws. Can we fix the system if the vast majority of people still do not care unless they lose money? It's concerning about what the long term ramifications may be even if these decisions benefit us in the short term. If you ever wanted the opportunity to extract from the industry there's not been much of a better time. Take a chance what's the worst thing that could happen if everyone's already doing it? That said there's never been a worse time to be doing black hat (phishing, social engineering, robberies) vs gray hat activity when the current environment is favorable. Surely this time is different…