Why Crypto Governance Sucks | Chase Chapman, David Phelps

Chase Chapman and David Phelps join us to discuss what crypto governance gets wrong. This is the most fun conversation we've had on Lightspeed yet! We cover how to make people care about governance, what's holding crypto back, the importance of onchain identity, where Balaji's network state falls short, why you can't L2 your way to PMF and more! - - Timestamps: (00:00) Introduction (01:46) What Crypto Gets Wrong About Governance (11:56) Jokerace: Turning Governance Into Contests (14:09)  Friend.tech and Making Governance Addictive (23:43) What’s Holding Crypto Back? (24:43) Permissionless Plug (30:29) The Importance of Onchain Identity (37:57) Crypto’s Tribalism (44:39) Critiques of Balaji’s Network State  (50:00) How Will Crypto’s Topology Play Out? (53:55) Advancing Onchain Literacy (56:01) You Cannot L2 Your Way to PMF (59:23) Rapid Fire - - Follow Chase: https://twitter.com/chaserchapman Follow David: https://twitter.com/divine_economy Follow Mert: https://twitter.com/0xMert_ Follow Garrett: https://twitter.com/GarrettHarper_ Follow Lightspeed: https://twitter.com/Lightspeedpodhq Subscribe on YouTube: https://bit.ly/43o3Syk Subscribe on Apple: https://apple.co/3OhiXgV Subscribe on Spotify: https://spoti.fi/3OkF7PD Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Use code LIGHTSPEED30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 - - Resources David's Substack https://davidphelps.substack.com/archive On The Other Side (Network State episode) https://spoti.fi/3QFj1sH Metropolis https://www.metropolis.space/ https://twitter.com/0xMetropolis Jokerace https://jokerace.xyz/ https://twitter.com/jokerace_xyz - -  Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.