8 ms·
I believe this has to do with the level of fuck you money made by early devs of these systems and the nature of liquidity in crypto. I'm sitting here working on
by lostctown 8y ago
I believe this has to do with the level of fuck you money made by early devs of these systems and the nature of liquidity in crypto. I'm sitting here working on my non-blockchain product, exhausted after a long weekend of work and mentally preparing for another week of it. I can assure you if there were 10 million plus in my bank account I would have taken the weekend off and explored some of my less profitable interests. I would have written code, read papers, and all of that, just in a more relaxed way. Instead I focused solely on making the product of my business better. Unlike a tokenized system, I can only liquidate the value I have created once I have taken it to the finish line. Myself and my team won't be fat and happy until we get there.
I've had a few people hand wave this explanation, but I've been involved with Ethereum for about 2 1/2 years and this absolutely happens. Productive work is rarely the work that makes us happiest in the moment. That's why we must force founders to hold out for liquidity.