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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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?

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

Worth my last 100 $degen. Need to blame VCs for more.