Alex Wittenberg

Incrementalism is squandering Silicon Valley’s potential. Many of the nation’s most talented people are iterating on a tiny product surface area. First principles thinking is being replaced by shortcuts like NPS optimization and bookings-to-burn ratios. 

The market cap and the fully diluted valuation (FDV) are your two easy initial metrics for assessing the value of a cryptocurrency or token.

And second—at least in theory, if not always practice—the platforms are not much greater than the sum of their users. Because it’s the users who govern the platforms, own its token, and even use platforms to transact in the token.

In a world where most aphorisms are born in on the Hobbesian meme-battlefield of Twitter rather than in books or speeches by already-revered figures, aphorisms with halos are cringe anyway, but aphorisms without halos do actual work. They are tools of thought, not ornamentation.

When users pay gas fees (transaction fees) to use EVMOS, 50% accrue to developers building applications. The other 50% rewards validators. Governance token holders may vote to change the 50/50 split in the future. 

Examples of formal reporting:

Spectrum:DAOs that run completely outside of any nation state.

Challenges or limitations: Does not make sense for small discrete tasks.

Stablecoin payments are necessary for cost of living, taxes