Full post on Token Daily: https://www.tokendaily.co/blog/execution-maximalism
2/ ICO money is some of the most free flowing in history. This has a number of causes, including the massive increase in liquidity, the simplification of funding logistics, the globalization of capital, the "shitcoin waterfall" business model (h/t @Melt_Dem), and new BTC wealth.
— Nathaniel Whittemore (@nlw) July 13, 2018
4/ The era that we’re moving into is built for the BUIDLers. Three major reasons why: 1) the Liquidity of Everything; 2) Zooko’s Transparadox; and 3) Proof of Work.
— Nathaniel Whittemore (@nlw) July 13, 2018
6/ @zooko’s Transparadox refers to the idea that, in cryptoasset networks, transparency is table stakes. In other words, you’re *expected* to be transparent about things like incentives and economics, but doing so won’t shield you from critique of the decisions you’re making.
— Nathaniel Whittemore (@nlw) July 13, 2018
8/ Taken together, running a crypto company is going to get a LOT harder:
-Everyone can leave unless you kick ass
-You have to do that ass-kicking in public, with people yelling at you anyway
-Perspectives on your performance will be rapidly distilled into conventional wisdom— Nathaniel Whittemore (@nlw) July 13, 2018
9/ In other words, we’re all about to become Execution Maximalists. And so it should be. When we're in the business is reinventing money and human institutions, we should all want the best projects to attract the best ideas, capital and talent. Happy Friday, fam.
— Nathaniel Whittemore (@nlw) July 13, 2018
Comments are closed