hottakes

My hot take for today is that if venture firms weren’t making money off tokens and needed a true exit event for crypto companies, we’d see accelerated mainstream adoption of crypto

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I think that glosses over the fact that startups *should* target a small user base to start and prove the market before trying to attract outsiders. BUT I do see your point in that tokenomics can often be a quick and accessible eject button that is easier to press than if you go the trad route

Oh absolutely. The implication I'm making is actually more that if you don't have quick liquidity, you're forced to focus on a product that gains wide adoption, which usually means a better product that is usable and valuable to those outside crypto's echo chamber.

idk, the implication here is that VC companies that aren't in crypto and follow traditional growth patterns are much more successful. But they almost all still fail

head of engineering @ superstate | prev @ frax finance

Quick liquidity means products are built for short term gains and in the echo chamber that supports those gains. Take away tokens, for products to be built around actual value, and I think we’d see significantly more mainstream adoption. Coinbase is a good example.

Elaborate? The thinking is that companies would have to go public instead of just dumping tokens? How would that increase mainstream adoption?