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Luis Iván Cuende (@licuende) |
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1/ Token sales raising too much money are not the problem. It’s the sense that it’s being raised by a centralized team/startup
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Luis Iván Cuende (@licuende) |
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2/ Capital raised by token sales should be managed by the network, represented by the token holders, and not a centralized team/startup
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Luis Iván Cuende (@licuende) |
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3/ The capital should be used to build network effects, making the network valuable. The term startup is outdated and doesn’t reflect that
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Luis Iván Cuende (@licuende) |
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4/ Networks represented by tokens ARE NOT startups
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Luis Iván Cuende (@licuende) |
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5/ We’re in a weird phase where governance tools are being built (working on it) so funds are still centrally managed
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Luis Iván Cuende (@licuende) |
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6/ That will change and accelerate the transition from startups to networks in the crypto space. FIN
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