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Hersh and Dawufi sit down with Dr. Nick Almond and Hayden Tsutsui from Jito to explore decentralized governance, validator infrastructure on Solana, and the future of user control. They discuss the impact of a world without Jito, the mechanics behind Just-In-Time Ordering, and how it enables more deterministic execution for users and better rewards for validators. Dr. Nick shares insights on governance design, highlighting the importance of subsidiarity and the limits of token-based systems. The conversation also touches on Solana’s collaborative developer culture and the growing need for strong privacy protections in the digital age.

Timestamps:
00:00 - Introduction
02:04 - Hayden's Background in Crypto and Trading
05:06 - Dr. Nick's Journey from Physics to Crypto
08:09 - Decentralized Governance in Academia
11:03 - Understanding JITO: Just-In-Time Ordering
13:23 - Impact of JITO on the Solana Ecosystem
16:15 - User Experience Without JITO
19:49 - JITO's Role in Economic Layer of Solana
22:01 - Building on JITO: Opportunities for Developers
24:17 - The Importance of User Control in Opacity
27:04 - Privacy and Data Security Concerns
30:52 - The Need for Privacy Technology
33:00 - Selective Information Disclosure in Governance
34:40 - The Public Governance Trap in DAOs
40:19 - Governance Optimization vs. Minimization
42:49 - Challenges of Token-Based Governance
45:03 - Pragmatism in Governance Systems
46:16 - Decentralization vs. Leadership in Crypto
48:14 - Cultural Dynamics in the Solana Ecosystem

Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.