Raphael Spannocchi
@raphbaph
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How can democratic decisions be smarter than the median voter? Beyond Arrow's paradox. Head @StableLab governance.
Text Editor, mostly
Joined January 2010
The true test of any organizational paradigm or collective consensus building effort is this: Does it make the whole more intelligent than the one, or less? Do people get better when interacting with the system? Or worse? It's really that simple, and that hard.
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We are back ☀️ Announcing Edge Esmeralda 2026: A monthlong popup village for people building a brighter future. 📍 Healdsburg, CA 🗓️ May 30 - June 27, 2026 Applications are now open. Details below 🧵👇 https://t.co/QdIpjAXRjf
Edge Esmeralda is coming back in 2026! Join us in beautiful Healdsburg, CA: May 30 - June 27 This popup village is a prototype for Esmeralda, the permanent village we’re building 90 mins north of SF
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In two days we'll meet to discuss all things @reserveprotocol DTF governance for the last time this year. Come let the bells jingle and the candle's be green. We'll discuss what's happening to the future of stable currencies, no less. https://t.co/kH29K6JAPO
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This is really fascinating to see. 0 grind set. Just slooowly working out all options and finally deciding to make it a company. Now a $4T company. Google. https://t.co/DbLQaPouqc
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Is the current (crypto) market a perfect example of Keynesian beauty contest?
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Pretty big news tbh! They facilitated 3.7 quadrillion USD in transactions last year. Just insane scale. Blockchains are the financial infrastructure of the 21st century. What will that mean for how businesses operate?
In an historic milestone, DTC received a No‑Action Letter from the SEC to tokenize certain DTC‑custodied assets. By leveraging blockchain, DTCC aims to bridge TradFi and DeFi, advancing a more resilient, inclusive and efficient global financial system. https://t.co/yYNaHfvjcS
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One of the crucibles of token-based projects is the tension between "ecosystem success" and token price. The former is often measured in TVL, transaction count, Github commits, and daily active users. Surprisingly ecosystem success does not necessarily translate to token price
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Getting tables from Google Docs into Discourse Markdown is hard. Unfortunately lots of things break. This tool makes it easy: Just select the table size and copy pasta the contents. Then copy to Discourse. https://t.co/8vU6YfZzyG
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Pretty incredible how many European companies are in the top 10!! We can innovate. We can succeed. Never mind the bollocks
It's incredible to see how many generational companies have been built on Web3 rails! Up from here! LFG!
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It's incredible to see how many generational companies have been built on Web3 rails! Up from here! LFG!
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When did Gemini pull ahead of the competition so much? Like for everyday tasks that most people do. It's now basically an extremely competent virtual assistant. Wow. What a turnaround by Google.
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UK pension funds pulling out of US equities should be way bigger news. If other European pension funds follow, it's good night for US equities.
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PYUSD has grown quickly, and we wanted to understand how that usage actually looks onchain. We analyzed ~2M PYUSD transfers between Apr 2024 and Sep 2025, across roughly 70k wallets on Ethereum and Solana to see where activity concentrates and how DeFi programs shape it. Here
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DAO communities grappling with existential questions can be beautiful. Exhibit A is this 120 reply monster thread on @reserveprotocol forum: https://t.co/GYeoOzju83 What's clear is that Discourse is not a good tool for these discussions. Right now we're starting early
forum.reserve.org
1. Summary Problem: RSR’s structure distorts key metrics and concentrates control. The idle supply inflates valuation optics. Offchain governance dulls engagement and trust, deterring external talent...
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T-minus 20 minutes! 👇
Come join us tomorrow! We're discussing DTF governance, the future of stable currencies and all things @reserveprotocol. https://t.co/p8aW793Mw3
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