Uneasy Money: Why the AI Singularity May Already Be Out of Our Hands
Episode publishedPodcast: UnchainedUnchained
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Every soda's got something to say. Colas brag. Probiotics give TED Talks. Then there's mister Pibb. No pitch. No promises. Just bold cherry bringing the flavor.
Bold kick of cherry. Hey, yo, mister Pibb. The most funny thing to me was, like, Anthropic was alleging that it's this is, like, DeepSeek, MiniMax, Moonshot used over 24,000 fake accounts. And when I read that, I was like, only 24,000? Like, they need to get some crypto. It's like 20,000 accounts is not that impressive.
I'm a very big fan of AaveDAO. So I think it is a it is a shame to see these service providers clash heads. But, yeah, I don't think there's a negotiation that I don't think there's a happy way out of this anymore, which is not good for Aave token holders. I don't know if you guys saw Morpho flipped Aave FDB, which is insane.
Hey, everyone. I'm Ken Warrick, and welcome to Uneasy Money because what happens on chain never stays on chain. I'm here with my cohost, Taylor Monahan, security expert, and we are joined this week by Namek, founding team member of Mega ETH. Welcome, Namek. Thanks for having me. Of course. I'm very happy to have you. It's gonna be fun. We're gonna dive in into it all in a minute, but one quick thing before we start, nothing you hear on Uneasy Money is financial advice. We're just three builders talking about what's happening on chain, and we want you to always do your own research before aping
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Alright. So our first segment this week is make money by holding, which is quite a concept. I think we've forgotten that technology. So Brian Flynn this week wrote a viral article where he argued that most tokens are structurally broken because you make money by selling not by holding. That turns alignment into a race to the exit. It's not alignment, it's just a race to the exit. So lockups, vesting, burns, buybacks, all of that stuff. He he basically says it's kind of, you know, Band Aid solution doesn't actually solve the underlying issue. You haven't aligned incentives, you just built a gam
unlocks at TG but no. His proposed fix is 100% of protocol revenue governed by token holders with direct distributions voted on transparently. Therefore you don't profit by selling, profit by holding
and this basically shifts competition outwards. So it's not your PBP, it becomes more protocol versus protocol or business versus business. And he also points out the equity token convergence that we've seen from a lot of projects lately, Abe, Morpho, Uniswap, etcetera, are kind of like, you know, half measures towards this. This idea of like, oh, here's a fee switch or like, you know, 20% of fees or whatever. But it's still a weird misalignment, and we've talked about this on the show many times. Right? This, like, misalignment between token holders and equity holders
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