This is extremely exciting, and the most important upcoming proposal likely of the next decade for ATOM. I invite everyone to take this seriously, and help us - for the love of god - turn ATOM into the top-10 asset it was born to be.
One thing to call out specifically is flexibility. The truth is, Cosmos does not struggle for adoption. We have over 200 chains building on our stack, and some of the largest chains use our technology under the hood. Like Linux, we have won the “adoption war” so far. But also like Linux, we haven’t figured out how to monetize. There are many paths to doing so - and we do NOT definitively know which path is the right one yet.
The reason we’re going for institutions is because, unlike many of the long-tail of chains today, they can pay us for Cosmos software and solutions. It’s as simple as that - we have the opportunity to talk to customers with budgets they can spend with us, which is something Cosmos has never done before. How we monetize - and what we monetize - we’re actively exploring and experimenting with. We don’t know if they want to pay for the stack itself (licensed), specific modules, relaying, liquidity, or just consulting services. Whatever it is, we want it to be repeatable and scalable.
That’s why it’s so important to not decide - ahead of time - how we monetize ATOM. We need flexibility that matches where we are in the PMF journey. I know people (including myself) have waited for a long time for certainty. What we (Cosmos Labs) inherited was an ecosystem and challenged asset that had zero - ZERO - business model. Everything after that has been our own experimentation and honest effort.
So - be patient. If you’re not patient, the process won’t move any faster, and it will just slow things down. If you think something isn’t moving, ask why - we likely have an answer.
This RFP & kickoff represents the best compromise between Cosmos Labs’ current position - entering the institutional market, building its customer base, and experimenting with new solutions, and running a community-driven process to led token holders govern the way they deserve.
What we need from you:
- We need validators to vote for this. My goal is we make this prop so good, it’s unanimous. If you are a validator, talk to us. We are ready to engage, be challenged, and answer tough questions. We want this to help you business long term, even if inflation goes down.
- Participate. Add something useful to the conversation. One thoughtful message is 1000x more influential than spamming half-thoughts over and over.
- Seek consensus. We are not going to make everyone happy. The final outcome probably will have parts you like, and parts you hate. But we, as a community, need to “disagree and commit.” That means, whatever solution we choose, we’re going to fucking send it and do everything we can to make it work. It’s not about making the right decision, it’s about making the decision right.
- Have fun! It’s not every day that you get to participate in an honest process of reforming a $1bn+ asset. This is what crypto is for, and what its creators imagined. Meet people, try to understand their viewpoints - and know that we’re all working towards the same goal: Make ATOM an extremely successful asset.
Thank you @RoboMcGobo for putting this together, and so proud to be working alongside ALL of you to make this happen. We’ve been though so much shit as a community, but that means we’ve learned from every possible mistake. I have full confidence we have the pieces we need to reform this asset into something we love holding for the next 10 years.
ATOM1KLFG!