CBduck
@CoinbaseDuck
I’m a @coinbase maxi. 🎖️(Ripple) 🎖️(Torres Doctrine) 🎖️(arbitrary, capricious and malicious) 🎖️(Salt Lake UT SEC liquidaton) 🎖️(Bye Gensler)
가입 May 2022
9.2K 팔로잉 중 14.9K 팬
“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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