sari

There’s one catch here, and that’s the dilution of the token. If someone were to buy 100% of AXS tokens today, they would only actually own ~25% of tokens in five years. That’s because Axie Infinity is printing more tokens at a really aggressive rate. Therefore today’s token holders wouldn’t actually get $19 billion - it’d be more like $5 billion.

He was absolutely right about the benefits to what he called “aggregators,” particularly the e-commerce platforms selling digital entertainment: He accurately saw that, unburdened from the costs and risks of carrying physical inventory, a platform like Amazon or iTunes was suddenly free to offer an unlimited assortment of ebooks, songs, and other... See more

I think the future of open-source software will increasingly belong to people who know how to play Linus's game, people who leave behind the cathedral and embrace the bazaar. This is not to say that individual vision and brilliance will no longer matter; rather, I think that the cutting edge of open-source software will belong to people who start... See more

The other side of that idea – that everyone’s a creator – is that everyone’s also an investor. Time and energy are investments, even if they’re not always monetized. With an explicit financial layer in the form of tokens, users get a material stake in the platforms they use the most. The recent ENS airdrop is a good example of how this could work,... See more

Underbuilding since the financial crisis has led to a supply/demand imbalance