Why I am streaming 420.69 ETH to Safari Wallet 🦁
Safari is the only browser without evil incentives. The Ethereum community should embrace Apple as an ally in the fight for personal privacy, self control & encryption
TL;DR - I am investing the future of wallet technology. I will NOT be a signer on the multi-signature wallet that controls these funds. I want to empower others.
This week I am going to begin streaming funds to the Safari Wallet Multisig. Multisig is short hand for multi-signature wallet. These are special kinds of wallets that are constructed using smart contracts on Ethereum. The most popular, professional & battle-tested multisig wallet in the world is Gnosis Safe. It is crafted by a bunch of weapons in Berlin who make Mercedes precision engineering efforts look like a joke.
An incredible set of people will be in control of these funds. They are offering their time, energy & input to the project. We are trying to start this the right way with a diverse set of signers who represent all ages, genders, races & levels of wealth.
🥰 Community Empowerment Offerer
I want to give people the tools to create their own kind of Freedom
Since starting this project, my goal has to NOT be a CEO. I do not want to control people, I want to empower them. The etymology of Chief Executive Officer is awful:
🪓 Chief - Head of a tribe that is subjugated through violence
☠️ Executive - Executor of careers (like my brief stint at Stripe)
👮♂️ Officer - Policing the policies and enforcing rules is not me
I have been joking around about a few ways you could invert the CEO role (Communal Encouragement Organiser, etc.) but I have arrived at this one:
🫂 Community - A gathering of people around a shared set of beliefs
🪙 Empowerment - Capital is the most powerful invisible form of influence
🤲 Offerer - My offer to this community is to continue to empower it with capital
This is my role. This is what I am here to do. I am here to empower the Safari Wallet community with my ideas, my money, and my energy. That is my commitment to the people who have committed to Safari Wallet.
💠 Why do I keep giving back to Ethereum?
The Ethereum foundation gave me 10,000 ETH. I am ~70% done returning it.
I believe that money is energy. My parents have given me a stable home to return to if I go bankrupt. Therefore I have no downside risk.
This means I can reinvest everything I have every time I want to. In poker terms: I can go all in when I know I hold the cards.
Balance has consumed an insane amount of capital so far:
$1.2 million crowdfunding from the Balance Wefunder
$250,000 from my family
~7,000 ETH sold from $4 to $4,000 2016-2021
If I had been in a coma for 5 years, my $ETH would be worth $25m+ 🥲
However, if I had been in a coma, I could not have funded & supported:
📲 WalletConnect - The number one wallet syncing system
🦄 Uniswap - The number one automated market maker
🐢 Nexus Mutual - The number one dapp insurer
👩🚀 The Graph - The number one Ethereum indexer
🤑 MakerDAO - The number one stablecoin in DeFi
🪆 Curve - The number one stablecoin exchange
I am proud of what these teams have achieved. Many of the founders are incredibly kind and honest people who are now worth 9-11 figures—bravo!
Some of them were kind enough to give me some tokens. Some were not.
I keep giving back to Ethereum because it (mostly) keeps giving back to me!
⚖️ Balancing the books
We are building up a huge Balance Sheet
The biggest mistake I made during the last bull run was not taking enough money off the table to survive the bear market. Our balance sheet was eviscerated by the 96% drop in Ether. I will never make that mistake again.
I am making sure that Balance will have funds to survive any future bear markets—forever. We want to be the cockroach of DAOs.
🏯 Building on a solid Foundation
Look at what we built when we had next to nothing. Imagine what we will do next
Here is a trip down memory lane, for folks who do not know what we did:
🏗 Want to help us buidl*?
* The BUIDL meme is one of Ethereum’s most cringeworthy
I am funding Safari Wallet’s open source work so that Balance can use it.
If you want to join us, pop into our Discord: https://discord.gg/safari-wallet