This is something i'm really struggling with, and I'd like to talk about it.
This is like therapy isn't it?
So here we go:
I've been thinking a lot about crypto projects and the need for a public identifiable team.
Bitcoin clearly changed the rules all at once, we still have absolutely no clue who invented it, and I'd guess 99% of the users have no idea who the core team is and how decisions are being made.
Vitalik changed the rules too, by just being a random dude on the internet that no one had really heard about previously and asking for money for a new blockchain.
Today the consensus seems to have shifted more towards the old-school model: you need a solid team of people that have done something before.
But is that really the case?
The question for me stems mostly from Radar Relay
We wrote about it in previous issues, but quickly: Radar Relay is a decentralized order book relayer built on 0x.
The peculiarity about it is that we have absolutely no idea who's building it.
Their website lists no about or team, there isn't anyone on Twitter or Linkedin, and all of their communication comes from the company profile.
From the Slack we know that a "joe" with no image is a community manager, and that's about it.
The reason that this specific case of anonymous project has been getting in my head, is the absolutely outstanding quality of it.
Which in turns made me understand that: I don't care who's doing it!
I can recognize things of value and quality, and this is one.
I can recognize teams that ship, and this is one.
Radar Relay has launched this week on the Kovan testnet
, the app is stunning and their technical overview is clearly solid
In this case, based on the quality, I'm betting on an experience SF-based founder with some solid VC backing. But the amazing thing is that it could be a random crypto millionaire in Uganda who hired a team of amazing designers.
Is this how the future will look like? I especially care from an investor perspective here obviously.
Will we just stop caring about real team names and will we just evaluate them behind pseudonyms and thanks to their execution quality?
I think this is a non-remote possibility, and I'm starting to get used to it. This clearly only works for some specific types of projects (eg. if you're running an enterprise sales company, you probably need the CEO and other team members meeting with customers quite often), but for open source infrastructural projects? Should be all good.
The advantages are clear: there is an immediate leveling ground in terms of personal background. We instantly remove all biases based on prejudice and subconscious pattern matching.
Doesn't matter your color race gender physical appearance and maybe even accents and so on.
As long as you ship and write sensible things, it's all good.
I could work with that!
We'll see if more projects will adopt this approach. But here's again to crypto just doing stuff differently and making our brains work so much more than just looking at another saas tool. 🥂
Everyday grateful to be part of this world. 🙏