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There is no way for this to be a productive conversation if ‘real innovation’ can always be a goal post to move. The other side of that is that I don't remember
by vmception 6y ago
There is no way for this to be a productive conversation if ‘real innovation’ can always be a goal post to move. The other side of that is that I don't remember, none of this has been relevant since 2016 which is half a decade ago now. Just trudge bitcointalk for defunct chains and find one that you liked the roadmap of.
There is a more quantifiable trend of market tolerance in this asset class for what founders can earn.
You have an extremely antiquated view of what that can be, the impractical charity developer building a product that the communities adores and spawns into a very active network. That pretty much never happens as the dev needs to use their time to exchange for food and shelter and nobody else picks up the baton.
Following that, devs attempted small dev taxes of 1-2%, the market barely tolerated that for some years, and it also wasn't good enough to fund development
Following that the market tolerated larger preallocations of 30%.
Then it tolerated fund raises where developers kept funds raised and large preallocations, similar to equities.
Then it tolerated even more where low float assets are now commonplace, with developers keeping upwards of 99% of the asset created, keeping the funds collected, and have unlimited issuance capabilities.
But there is no hard line in the sand, and not everyone has an uncomfortable relationship with money such that arbitrary thresholds determine what a founder “deserves”. It is obvious that being able to actually pay a dev team has done much more for the speed of development in this space than harping on about some irrelevant ideology. You might find it surprising (okay now I am being facetious, but it still has to be said to highlight the inanity of your last decade view), but the entire industrial era has the same aspect based on paying workers closer to the value they provide at the time and thats the only model proven to work in an economy.