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The more money a protocol team raises pre-launch:
1) the greater % of tokens they need to reserve for early investors, or 2) the higher network value they need (pre-launch) to avoid dilution.
Both contribute to “insider network” taint, which is not great for community building
1) the greater % of tokens they need to reserve for early investors, or 2) the higher network value they need (pre-launch) to avoid dilution.
Both contribute to “insider network” taint, which is not great for community building
Crypto is still searching for the right balance.
It’s clear to me that not reserving any % of the supply for “core devs” leads to sustainability questions & potentially feeling under-appreciated as a key supply-sider.
But reserving / asking too much creates community backlash.
It’s clear to me that not reserving any % of the supply for “core devs” leads to sustainability questions & potentially feeling under-appreciated as a key supply-sider.
But reserving / asking too much creates community backlash.
The collective ethics of cryptofolk is fascinating to watch in this arena.
For me, it goes back to balancing “productive capital” vs “investment capital” + what we want to see in the balance between capital/labor: link.medium.com/bTwUsAy5vV
For me, it goes back to balancing “productive capital” vs “investment capital” + what we want to see in the balance between capital/labor: link.medium.com/bTwUsAy5vV
