tinkerrr

Some highlights that stood out:

- Range positioning for your capital. In the sweet spot, there is higher fee returns but higher impermanent loss (IL).

- Range orders are possible. If the price goes out of range, it is effectively a limit order (but you need to remove liquidity before price comes back within range)

- LP tokens will be NFTs instead of ERC20s. This will likely affect the way liquidity mining is done currently, or they'll move to Sushi/remain on Uni v2.

- Moving to optimism L2 in the future. This would lower gas for all DApps on Ethereum.

- More fee options for LPs

- Hint of protocol fees for UNI holders

- Business source license perhaps to disincentivize copies like Sushi

Overall, this seems like a fairly substantial change. It will probably take time for the ecosystem around this to mature. Excited for the long-term implications of this update.

It is, which is how you know it is not a real risk.

The argument on the other side is that this is a matter of what's good for society in the long-term. For example, supporting a law that says "let's take all the money of class X and give it to the rest" would always be "in the interest" of the majority in the short term. That doesn't make it right.

How can you use something that isn't built to build the same thing unless you're using a time machine? I suppose once Colony is in production, you can create a Colony clone using Colony.

It sound similar to what you do with one important distinction. "Freelancers" (I am using this term loosely since it seems like your organization gives you much more flexibility than traditional freelancers would get) earn a salary/income whereas in a Colony, the freelancers earn a tokens that represent future earnings potential in a colony i.e. share of revenue/profits. This way, you not only bring work to the Colony but completing it gives you a stake in your Colony.

Instead of such a knee-jerk reaction to crypto, perhaps you can ask if the crypto token involved makes sense in this use case. If it doesn't, like in 99% of the cases, you can dismiss it then. Colony, IMHO, is one of the few projects where it does make sense to have a token.

For some comparison, here's how the costs stack up:

Lyft: $1 billion gross bookings, $130 million loss. Loss of $0.13 per dollar of gross bookings.

Uber: $8.25 billion gross bookings, $708 million loss. Loss of $0.086 per dollar of gross bookings.

This is very well put. Thanks for writing it and explaining the way you did.