crypto isnt restricted to old world structures and thus need not conform to old structures
those that survive future extinction events will very likely do so because they evolved to look like some gov-work-security token hybrid, because that's probably what makes the most sense
gov-work-security hybrid cos
gov - a system still requires some sort of governance to evolve to stay relevant (compete against others / forks)
work - hodlers cannot be free riders, they must also be the value creators / risk bearers
if you were a smart contract auditor, isnt it massive alpha?
- technically competent to understand code that hits you
- evaluate professionalism of the team from interactions
- you can understand whether the idea is garbage or not
then you can buy it if its a damn good idea?
pure fin background, zero tech / dev knowledge capital allocators like me will progressively lose out to those that can dual wield well
my edges are decreasing over time
that said tho, my experience so far observing tech bros that have zero practical finance knowledge or no investment history are that they are usually the worst ppl to take financial advice from
maybe people dont remember or never cared, but augur v1 had some weird price action betting markets which were basically options where the reporters would report the final price, and based on your purchase price, would be your leverage
really weird shit
augur can now be unbundled to be:
betting markets - polymarkets and some others
"insurance" - all the actual discretionary cover projects, which there's like 5 now?
like let's say there's some big FUD on binance or coinbase
that could spill over and be reflected in their BETH variants trading at discounts because people arent confident that they can survive until the BETH can be claimed
will X service survive until BETH redemption?
can X service be trusted to run their validators without getting slashed too much?