1/ This is an interesting idea. Leaving aside the issue of whether this would actually stop the rise of altcoins, I doubt that in-protocol incentives for future development would be feasible.https://twitter.com/naval/status/985018594252742656 …
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I'm kinda skeptical on the decentralized computing idea for smart contracts- there’re quite a few knowledgable folks that believe that what’s important for smart contracts is less about "computing" than contract verifiability. Easier to scale too.
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The incentives are to ICO because the market is currently rewarding ICOs, regardless of fundamentals.The market doesn't value late stage development right now, because launching a protocol doesn't actually matter. The bulk of returns come from the launch and first week of trading
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The only way incentives become more aligned is if / when investors stop being rewarded for nonsensical ICO investments. The influx of greater fools coming to an end and a focus on fundamentals would increase the importance of developer talent.
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Given the immutable nature of most protocols, the bulk of dev. money will ultimately be made on L2 / tangential services just like with the internet / TCP / IP. Rather than constantly creating new protocols, the time will come to increase the value of an existing one
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Historically that hasn’t happened much. My guess is: • More Treasury models like DASH • Inflation funding with centralized grants during the early period. • Inflation funding for technology / team acquisitions (speculative and further out and yes, centralized).
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My concern with the inflation funding model is that we'd recreate the problem of central banking: how much inflation is enough?
And it might set a precedent where if it can be inflated once, it can be inflated again & again. -
Yes. Not a good route for a SoV coin. The best way to keep a train on the track is to remove the steering altogether.
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haha, nicely put
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Sounds like you want them to operate like a normal company and offer stocks?!?!? Not very crypto.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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