Sublime

The annual budget for a treasury should be decided based on the protocol’s needs and its treasury size. Ideally, a protocol’s annual budget should be less than its expected revenue (e.g. Uniswap fee revenue) and treasury investment income.

• What was the aha moment for Scott with crypto?
  
  
  • Scott was aware of crypto early, but very skeptical. Saw that everyone was trying to decentralize just for the sake of it. But decentralization has costs. Centralized entities are often more effective in coordinating interaction.
  
  
  • His opinion started to change with examples of use-cases where tech was

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L’hyper-concentration du pouvoir et l’extrême centralisation de l’État nourrissent ainsi la crise démocratique, freinent les réformes et bloquent la société, comme la jacquerie des gilets jaunes en apporte une nouvelle illustration, alors que la Ve République a précisément été conçue, à la lumière des grandes guerres et des tragédies du XXe siècle,

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