added by sari · updated 2y ago
Spirited Reflections on a Spiraling Path
- The biggest risk to making it in crypto is short term burnout leading to long term exit. In a world where all value seems reducible to price on a Uniswap pool, it seems only natural to believe that tokens without prices have zero value. Yet I believe that the best projects will encourage ownership while deemphasizing the short-termism that liquid m... See more
from Spirited Reflections on a Spiraling Path by Richard Kim
sari added 3y ago
- The decentralized web should be conceptualized as three distinct spheres: one for speculators (trade), one for participants (earn), and one for consumers (burn). The speculative web encompasses any risky activity where one outlays capital for the purpose of earning a financial return. The participant web involves anyone building or participating in... See more
from Spirited Reflections on a Spiraling Path by Richard Kim
sari added 3y ago
- In this movement, retail should be king. Tokens are the lifeblood of networks, and individuals are uniquely positioned to participate (in contrast to institutions, who are still dealing with the complexities of key management and regulatory regimes that don’t yet have a place for the currency of networks). The only thing that can get in the way of ... See more
from Spirited Reflections on a Spiraling Path by Richard Kim
sari added 3y ago
- Core to the tenets of web3 are the notion of self-sovereignty through cryptography, the ability to organize into global communities that resonate with our tailored values and interests, and the redistribution of network value back to users through incentivized participation.
from Spirited Reflections on a Spiraling Path by Richard Kim
sari added 3y ago