The Delphi Podcast Host and GP of Delphi Ventures Tom Shaughnessy sits down with Haseeb Querishi, managing partner at Dragonfly Capital, a cross-border crypto venture fund. The two have a philosophical discussion on the topic of decentralization, covering its core purpose, the costly trade-offs, the declining marginal utility of pursuing decentralization and much more!

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Show Notes:

(00:00:00) – Introduction.

(00:03:32) – Overview of Dragonfly Capital. 

(00:04:05) – Inspiration for the post “Why Decentralization Isn't as Important as You Think”.

(00:06:07) – Haseeb’s stance on decentralization. 

(00:08:37) – Haseeb’s thoughts on progressive decentralization.

(00:11:02) – The purpose of decentralization.

(00:13:00) – Haseeb’s thoughts on quantifying decentralization.

(00:15:46) – What if Vitalik kept control of Ethereum. 

(00:18:50) – The decentralization trade-off for layer-1s. 

(00:25:04) – Why projects cannot compete on being decentralized. 

(00:29:18) – Censorship on layer-1s. 

(00:31.01) – Adverse situations with nation-states.

(00:37:21) – The declining marginal utility of being decentralized.

(00:41:09) – Haseeb’s thoughts on decentralization bringing in more human capital. 

(00:43:44) – Helping a team navigate decentralization as a VC.

(00:46:15) – The part incentives play in decentralization.  

(00:49:37) – How Haseeb would structure a DAO.

(00:53:33) – Haseeb’s thoughts on mass governance.

(00:57:07) – Judging founders as an investor. 

(01:01:13) – What Tom disagrees with in Haseeb’s post.

(01:03:09) – Imagining decentralization in a world without governments.



Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Digital may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed here.

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