GASCap

4 ms·

1. 1.▲
   ETH2 Staking(yuhasker.substack.com)

   2 points by GASCap 6y ago|0 comments
2. 2.▲
   YuHasker Guide to Crypto(docs.google.com)

   5 points by GASCap 6y ago|0 comments
3. 3.▲
   by GASCap 6y ago

   In modern financial theory valuation = cost of replicating the position. One can approach that cost from how the company or the employee would replicate it. My point here is that it is much more expensive than just paying the employee cash
4. 4.▲
   by GASCap 6y ago

   The wild thing is, if ones accepts modern financial theory, from the eyes of a risk-neutral investor, stock-based compensation is actually much more costly because of imbedded option value and time value of money. Say one needed to hedge th