Dan Romero
@dwr.eth
If a something is long-term valuable, it usually takes many years for that to play out. That's why traditional angel / venture investments being illiquid is a feature, not a bug.
2 replies
5 recasts
45 reactions
Peter Kim
@peter
yes, but a feature of crypto being the world's greatest speculation engine is that tokens can be liquidated at any time lock ups defeat that purpose unfortunately will write a longer quote cast with more of my thoughts on this
1 reply
0 recast
2 reactions
Dan Romero
@dwr.eth
Maybe, but then you're saying that no long-term durable valuable thing will be available for public to be early to. https://warpcast.com/dwr.eth/0x989b1913
1 reply
0 recast
3 reactions
Peter Kim
@peter
not necessarily true because you have projects like $BONK ($1.5B market cap) that have been instantly tradeable at TGE it's a memecoin, but there's a 20 person contributor team that are starting to building actual projects (with long-term durable *potential*) on top https://warpcast.com/peter/0x592f172c
1 reply
0 recast
0 reaction
Dan Romero
@dwr.eth
I’m highly skeptical any durable product will exist a few years from now. That doesn’t mean it won’t have market cap. DOGE, XRP, etc. But you aren’t going to have the next Travis Kalanick building something with this model.
1 reply
0 recast
3 reactions
Monteluna
@monteluna
I think unlocked liquidity shouldn't be the focus and you're 100% right it shouldn't be coins, but we do have NFTs that could be locked then unlock tokens at a later date. A model where an individual can lock up to $1000 into a venture, and operators can easily use the technology to make that seamless is possible. Allowing the public to get access to venture rounds at global scale with low overhead is radically better than trad investing where you need (in the US at least) to be accredited. Keep in mind the majority of Americans have zero ability to capture new company upside. Meanwhile we allow Americans to sports bet thousands of dollars, and there are now dark pools of pre-IPO companies trading shares on private markets. The public is being screwed here. We totally should allow more public participation in new companies and it could unlock at least cheaper and smaller initial funding rounds for good ideas, but it doesn't necessarily need to be liquid before 5-8 years. We can have both!
0 reply
0 recast
0 reaction
