phil
@phil
What if the right way to think about project coins isn't as equity but as bonds? Obviously the infrastructure needs to exist, but I haven't seen anyone talking about this analogy. Equity investors are loathe to dilute ownership, but perhaps this is the right path forward for projects that raise $ via tokens. https://www.reuters.com/technology/telegram-secures-330-million-bond-sales-2024-03-18/
3 replies
0 recast
7 reactions
Dan Romero
@dwr
Bonds assume you have cash flows
1 reply
0 recast
4 reactions
phil
@phil
Ok now FC has cash flows. Bonds?
0 reply
0 recast
0 reaction