0xLouisT
@0xLouisT
Investment Partner at @L1D_xyz
Disciple of History. Seeker of inefficiencies.
Opinions expressed are my own.
2.2K Following 10.2K Followers
The role of a board is to continuously monitor the CEO's impact on shareholder value.
If a board waits until mismanagement creates an existential risk, it has likely already failed.
However, this is the absolute last opportunity to remove the CEO and attempt a turnaround before the company gets ZERO-ed.
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Tokenization has been a hard-to-invest-in narrative because it intrinsically implies 2 competing forces:
1. Value creation at the offchain layer by cutting costs and friction
2. Those same cost cuts erode the margin the onchain layer could capture
Tokenization can win while the onchain layer barely accrues any value.
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