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CBduck
@CoinbaseDuck
I’m a @coinbase maxi. 🎖️(Ripple) 🎖️(Torres Doctrine) 🎖️(arbitrary, capricious and malicious) 🎖️(Salt Lake UT SEC liquidaton) 🎖️(Bye Gensler)
Joined May 2022
9.2K Following    14.9K Followers
“eventually equity holders win because they have the legal edge and capture the cash flow” I personally prefer equities too.
i know a lot of ppl are excited about getting the poly airdrop and probably won't like reading this but imo an L2 governance token can't justify a multi-billion valuation for a crypto consumer app they've already raised multiple private rounds and sold equity to investors $200m @ $1b $2b @ $9b $1b @ $15b equity vs token battle again! and eventually equity holders win because they have the legal edge and capture the cash flow while token holders get some governance and in-app utilities just my guess tho no idea how this ends maybe the polymarket team has something else in mind hopefully!
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