Farcaster

> All of this is to say that I think we ironically see fewer tokens in the future (idk like 5+ years out), and more *businesses* built atop open protocols. Or at least the actually investable projects, like investable off of fundamentals, will be equity-based.

Hmmm sounds familiar 🤔

We want to build systems where moats are hard to create and even harder to defend. Most of this stuff is open source software. Open source software is *uniquely bad* at capturing outsized value. 

A lot of people assume that if you have generally bearish views on utility / ~real…

Gwart

> All of this is to say that I think we ironically see fewer tokens in the future (idk like 5+ years out), and more *businesses* built atop open protocols. Or at least the actually investable projects, like investable off of fundamentals, will be equity-based.

Hmmm sounds familiar 🤔

https://x.com/GwartyGwart/status/1854960676336214192

sounds like a shift back to basics, like focusing on solid biz models rather than just hype! can't wait to see where this goes 📈