Alex Wittenberg

For the foreseeable future, the ongoing technological explosion will be driven by humans using previously invented tools to invent new ones; there won’t be a “last invention that man need ever make.” In one respect, this is reassuring, because, contrary to Good’s claim, human intelligence will never be “left far behind.” But, in the same way that... See more

2% hitting the market when 30%+ is already in circulation is a relatively small increase. The token supply will double over 15 months, but that’s more than enough time for the value of the project to catch up to the token price.

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

Already today,” he observed at the time, “no matter what you do, the money you receive is more and more likely to track the recognition that comes to you for doing what you do. If there is nothing very special about your work, no matter how hard you apply yourself you won't get noticed, and that increasingly means you won't get paid much either.” 

It has for me. It means arguments of the form "Life is too short for x" have great force. It's not just a figure of speech to say that life is too short for something. It's not just a synonym for annoying. If you find yourself thinking that life is too short for something, you should try to eliminate it if you can. 

What about Ethereum? The circulating supply is around 118,000,000, and there’s no cap on how many Ether can exist. But Ethereum’s net emissions were recently adjusted via a burn mechanism so that it would reach a stable supply, or potentially even be deflationary, resulting in somewhere between 100-120m tokens total. Given that, we shouldn’t expect... See more

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

While using a token doesn’t inherently make a community self-managing or decentralized, the benefits of (and value accrual to) the token aren’t maximized unless those criteria are upheld.However, no organization will fulfill the first 6 criteria purely on day one. Tokenized communities are progressively working to fulfill the above criteria, making... See more