Haseeb Qureshi: Discussing Decentralization’s Core Purpose, Trade-Offs, Declining Marginal Utility and DAO Decision-Making

Oct 11, 2021

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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.

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