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. 

First, there are the timing risks.

It is possible that in the short term migration of transactions to Layer 2’s will exert downward pressure on transaction fees earned by ETH stakers, which could negatively affect token price. However, as I explained in my valuation framework, I do not believe it is appropriate to value Ethereum based on its revenues using a DCF - given that... See more

I agree, but you have to commit to the right things. You should probably spend at least 10-20% of the time you’ll eventually spend on something deciding if you want to spend that time on it. So for a 10 year career, that’s a year of testing it. Lifetime of marriage, 3-4 years of testing. Don’t be embarrassed if you try something for a year and quit... See more

Working groups should always have a founding charter that the community can refer back to.

Aave’s treasury contains an overweight AAVE position that provides exposure to the future success and upside in the token price. However, the associated volatility and downside risks are not desirable. As such, Aave is exploring ways to reduce exposure to any meaningful deterioration in market conditions. 

Crypto founders have a unique challenge in front of them. In addition to building a product that people want, they also need to consider how that product can successfully run in a decentralized manner — that is, as a protocol owned and operated by a community of users. This is a difficult challenge because much of what it takes to build a

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Digital Writers iterate quickly:Make small betsListen to the dataDouble-down on what's workingRepeat

This isn’t the only way forward. Very opinionated tokenomics might not be possible without each tokenized community having some sort of unique coordination token. The point is that if club tokens are representative of the memes, then “community M&A” might actually take the form of just… using the same token.