Why I am streaming 420.69 ETH to Safari Wallet ๐ฆ
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.
๐ฅฐ 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:
๐ช Chief - Head of a tribe that is subjugated through violence
โ ๏ธ Executive - Executor of careers (like my brief stint at Stripe)
๐ฎโโ๏ธ 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:
๐ซ Community - A gathering of people around a shared set of beliefs
๐ช Empowerment - Capital is the most powerful invisible form of influence
๐คฒ 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.
๐ 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+ ๐ฅฒ
However, if I had been in a coma, I could not have funded & supported:
๐ฒ WalletConnect - The number one wallet syncing system
๐ฆ Uniswap - The number one automated market maker
๐ข Nexus Mutual - The number one dapp insurer
๐ฉโ๐ The Graph - The number one Ethereum indexer
๐ค MakerDAO - The number one stablecoin in DeFi
๐ช 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 figuresโbravo!
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!
โ๏ธ 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 marketsโforever. We want to be the cockroach of DAOs.
๐ฏ 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:
๐ Want to help us buidl*?
* The BUIDL meme is one of Ethereumโs most cringeworthy
I am funding Safari Walletโs open source work so that Balance can use it.
If you want to join us, pop into our Discord: https://discord.gg/safari-wallet