A.J. Warner
@ajwarner90
Arbitrum Everywhere. Building the future of onchain finance @offchain| Food-lover | Opinions are my own
Joined March 2011
1.2K Following 12.6K Followers
100% this. The industry will be in a much better spot if this was internalized by all market participants.
Paul Frambot explains why token buybacks are the wrong move if you're actually trying to 1000x:
"If you spend $100 million on buybacks, what if you spent that on your team, on product, on building and growing instead?"
"I want to transform the entire financial system, hundreds of trillions of dollars. I need the money. I'm not throwing it away for 5%. I want this to 100x, to 1000x."
"If you're playing the long-term, ambitious game, it's not economically rational to distribute. That's a strong opinion of mine."
Show more
