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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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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