3 ms·
Tracking performance relative to ETH and BTC seems flawed to me. Tokens/Coins can have investment properties that are more or less speculative so the relative p
by graiz 5y ago
Tracking performance relative to ETH and BTC seems flawed to me. Tokens/Coins can have investment properties that are more or less speculative so the relative price to other cryptos may be irrelevant. As an example FileCoin is a storage token and more of a utility coin rather than a value store.
I think the point around conflicts of interest is sound. A16Z should probably step down from the board.
- wallacoloo 5y agoi think the point is to benchmark the “what if i did invest in FileCoin” v.s. the “what of i didn’t invest in FileCoin” case. where would your $ be if you didn’t invest in FileCoin? for a lot of people actually making that decision, the default place that money would be is one of Eth/Btc/stablecoins with yield (debt based)/S&P 500 (totally different regulatory area). so if you want to look at the “what if i don’t invest” scenario, without radically changing the other preferences of where that money goes, Eth/Btc comparisons seem pretty reasonable.
- wmf 5y agoFileCoin is a storage token and more of a utility coin rather than a value store. It's really not in practice. 99% of the value is from speculation.