1/ Bitcoin development suffers from the "free-rider problem".
A bunch of people got really upset with @naval for pointing this out recently. I think he's articulating a reasonable characterization of a problem we collectively face in accelerating future Bitcoin development.
Would you consider late stage / pure check writing VC’s as free risers in founders’ businesses?
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Nope. The investors’ money goes directly to pay the founders and employees, who are compensated for their time. They aren’t expected to work for free.
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True. Not necessarily work for free tho - Founders and employees do have common regardless of salary pref. Wouldn’t the hodlers benefit the devs in similar sense by reducing the circulating supply, stabilizing price in short run?
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Also, Hodlers and devs are in a symbiotic relationship that appears as mutualism, if not at least commensalism versus parasitic- Hodlers described as “free riders” do not create negative externalities for BTC and should not feel triggered by you.
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