Dan Romero
@dwr.eth
I don’t get the meme ”Project X is launching a token so the VCs can get liquidity”. Yes, a token provides liquidity eventually but: 1. Most teams and investors have a lock up. So by definition airdrop recipients are getting liquidity far before the team or investors. 2. No one is forcing you to buy the asset. If you truly believe it’s a liquidity “scam” don’t participate. And if you get an airdrop, sell immediately. 3. The straw man that “other retail will get tricked into buying it” is intellectually dishonest. For the vast majority of cases, the people who lose money trading a token are speculators who know the rules of the game. It’s 2025, not 2017.
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matthewb
@matthewb
yeah I think when these views are expressed, it’s more about the frustration caused by retail’s inability to participate in these private rounds.
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Dan Romero
@dwr.eth
That's not the project's fault. It's the law. 2017 ICOs were illegal.
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matthewb
@matthewb
yep agreed, I’m well aware just pointing to what I believe is the emotional undercurrent of this type of criticism
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Dan Romero
@dwr.eth
But it's misdirected? Most projects wish the rules were different.
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matthewb
@matthewb
that is basically my point, that retail investors are expressing frustration at how this currently works despite it not being a particularly rational criticism of the project itself
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