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Friday Open Thread: Love or hate YAMs? 🍠

newsletter.banklesshq.com

Friday Open Thread: Love or hate YAMs? 🍠

Ryan Sean Adams
Aug 14, 2020
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Friday Open Thread: Love or hate YAMs? 🍠

newsletter.banklesshq.com

YAMs launched this week as an unaudited monetary experiment.

A day later it was locking up hundreds of millions with a market cap over $600m.

A day after that its governance function died due to an unrecoverable bug despite efforts to save it.

48 hours.

It’s alive…but stunted. A v2 is in the works.

Some saw it as a fun money game. A creative use of Ethereum for risk-seeking adults. Harmless.

Others saw it as toxic. An irresponsible project catering to the lowest common denominator.

What about you?

Did you love or hate YAMs?

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