Thread by @jdorman81

This tweet followed a 40 min call Joe had w/ @DavidNage & me

We had a rational discussion; same as we have daily w/ smart, successful investors who deploy millions into our funds.

Joe is not dumber than them; he’s just committed to a successful antagonistic anti-crypto schtick

https://twitter.com/TheStalwart/status/1400558079956160518

I said tokens turn customers into owners & incentivizes USAGE of a protocol & product, not that it incentivizes buyers of a token. Thus, not a get rich quick MLM. It is a way to attract & retain customers. MLMs favor the rich sellers; pass thru tokens favor the everyday customers

If a restaurant gave out free food for a month, it would attract customers, but be a failed biz model unless the food & service was so good that they came back after it was no longer free.

Tokens create step 1; step 2 is up to the project, & many are now succeeding at retention

Once step 2 is successful, the token projects begin to create revenues & cash flows which get “passed thru” to the token holders — which is why digital assets are solving for wealth inequality. Instead of McDonalds shareholders getting rich, it’s McDonald’s customers who are.

Well constructed digital assets enrich all stakeholders instead of just shareholders.

Ironically, stubborn anti-digital asset folks are no different than stubborn “bitcoin solves everything” folks. Both cater to group think & media clicks over education.

Find better leaders.