The hardest questions lately in front of human race are-

1. What is a woman?

2. What is a security?

3. What should be $POKT inflation??

It’s the year 2025: $BTC is at 100k, $ETH at 10k and $POKT pundits are still debating inflation using new research papers, models and creative arguments, at times masking motives to preserve status quo.

And $POKT price in 2025 at?? Well, I don’t know.

Btw, please don’t believe predictions such as $POKT to 1, 3 or 10. People pull numbers out of nothing and they are generally overloaded with naivety, inexperience, bag-biases, greater fool’s theory, etc.

A credible prediction model for $POKT and as a matter of fact for any crypto currency doesn’t exist.

Now let us look at what “$POKT’s Market Scorecard” says as of TODAY-

Want to share a couple of new charts.

$INFRA is the recent peer in town for comparison and it has replaced $ANKR as the one closest to $POKT.

It has been a month or so and one would expect a newly listed token to dump against a matured one right? It’s in a ranging pattern for now.

Once more competitors such as LAVA, DRPC release their tokens, the game will get much more intense and interesting.

How will $POKT do against those anon?

We know how $POKT has done against $USD, $BTC & $ETH, and the Total Crypto Market- ABYSMAL!

Let me make the comparison easier for you $POKT lovers-

This is $POKT VS the Alt Coin Market Cap (excluding $ETH)-

“A picture is worth a thousand words.”

$POKT is one of the worst performing tokens in the entire market.

Dear $POKT bag-holders: please stop saying “WHEN THE BULL MARKET STARTS……….”

Bottom for all markets (EXCEPT $POKT) was in Q4, 22 ($ETH in Q2) and we have been on a bull for all markets starting Q1, 23 (EXCEPT $POKT).

NASDAQ, which is very relevant to crypto is up >35% YTD; S&P is up and even GOLD.

And here is more salt on the fresh wounds-

Whereas $POKT is down > 50% YTD.

Will there be a FATWA on me for committing blasphemy if I call “$POKT A Shit Coin” based on its performance in the public market??

Chill the fuck down and stop being so hysteric about your bags.

Bitcoin maxis have been calling $ETH a shit coin since genesis. But they were proven wrong- not “through gibberish, propaganda and emotions” but by passing the test of the market.

So let $POKT do that first and then we shall talk. It’s also in the interest of my tiny bag of $POKT relative to the rest I own/manage.

Btw, I have been wanting to clarify something for a while-

It’s not a secret that I am a student of narrative.

My mental model from another blog-

But I am NOT a proponent of false and cheap narratives. Brainless bag-shilling is not what I call narrative building. In fact I consider that unethical if backed by influence. Unfortunately very prevalent in this space and almost treated as something noble because of the cult like communities.

There is science, art and most importantly there should be ethics behind narrative building. It’s a craft that needs to be done right because of the impact it can create.

On a related note: I might start a blog series on “KISS Investing”. That is going to expose many investing myths, misinformation and misguidance in the alt coin spaces & communities, leading commoners to make very bad investing decisions for themselves.

Let truth be told!!

Ok time for ratcheting up the spice-

2022 was a LOST YEAR for Pocket Network!

And it is unbelievable to see those men in charge who should be held directly responsible for $POKT’s dismal performance are still around with no sign of remorse and no consequences whatsoever. Still making commitments and giving assurances about how “all is under control” and “all will be well”.

Selfishly I hope so too! As I said my SMOL BAG of $POKT will be happy to not die a martyr.

But it does make me think harder about a certain type of challenges to the success of 100s and 1000s of alt projects.

Questions such as the following pop up in my head:

• Are the setups truly meritocratic in nature?

• What kind of “performance management” practices are in place?

• We all know about the rewards. What happens when men in leadership positions earning compensation fail to deliver?

• Are most people working in Web 3 really committed or is it just a quick trade?

• Are these more like research projects instead of business projects, and run by research oriented personnels instead of business oriented ones?

These are questions and not conclusions, the list is long.

To end-

I am not up to date with the details @Pocket since I finished my personal research of getting to know a Web3 project from inside, which happened to be Pocket Network. Nowadays I just read headlines. Forum is too busy and it’s impossible to give a quick glance to know what exactly is going on.

With that caveat, I would like to suggest a few points to the DAO members:-

A) Staying abreast with the history and current events in other DAOs and foundations specifically those related to “control and capital” may help. One could start with ARAGON DAO but there are others to be studied.

B) Keeping individuals aside and putting the foundation as an entity in the discussion:

• DAO should make the decision of letting go of control over 80% of the treasury very x very carefully, irrespective of the urgency and the business cases. Treasury is a big part of the strength and relevance of DAOs. Replenishment could be hard because of potentially big inflation cuts in the future.

• Who is objectively assessing the impact of foundation’s initiatives today? Self-assessment and the constitutional clause of “DAO can vote to remove foundation directors” are lagging and not very effective IMO. There needs to be checks and balances on an ongoing basis to add more transparency, accountability and efficacy. My questions above on performance and consequence management also feed into this.

  DAO and the foundation should jointly put together a committee from amongst the DAO members (excluding foundation members) to assess and rate foundation’s initiatives on a regular basis. Ideally the committee members should be paid for doing this work.

It will be a HIMALAYAN BLUNDER to not introduce something similar to the above ASAP if the vast majority of the DAO treasury is handed over to the foundation.

I repeat- I am talking entities right now and NOT individuals.

C) A few months ago I had once publicly and then privately to the foundation suggested having external audits, redundancy and contingency in place for V1 upgrade and launch.

V1 being almost existential to Pocket Network, the extreme dependency on the single incumbent player today adds too much risk to the future of this protocol.

There is still time IMO.

This isn’t FUD and to cast doubt on anyone’s technical capabilities.

This is standard contingency planning, also a part of change management.

That’s all for today.

And let us all hope that $POKT’s bottom is in.

Maybe the rising tide will eventually lift all boats?

Love / Arrivederci,

Caesar