Avi(@AviFelman):I appreciate the efforts here to improve tokens but in reality we are reinventing equity from first principles, continuing a long tradition of figuring out why things are the way they are

Avi

@AviFelman

live-streaming @1000xpod / Ex Portfolio Manager @ GoldenTree, BlockTower

参加 July 2015

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Avi@AviFelman

2026.07.02 19:06

I appreciate the efforts here to improve tokens but in reality we are reinventing equity from first principles, continuing a long tradition of figuring out why things are the way they are

alexander@wagmiAlexander

2026.07.02 17:06

A better framework for evaluating tokens is here. Token Revenue: A token's direct claim on protocol value — distributions, buybacks, and burns. Token Emissions: The costs token holders subsidize — public (incentives, etc) and private (unlocks, etc).