2/ While they both involve new technology, risk financing, and share a similar cast of characters, some (like @ragnarly below) are drawing a line. This came through loud and clear in a conversation surrounding founder/developer incentives https://t.co/IDmBBjzC34
— Nathaniel Whittemore (@nlw) June 28, 2018
4/ In a shocking twist for the usually reserved and largely amiable crypto community on Twitter, opinion was immediate, loud, and divided.
— Nathaniel Whittemore (@nlw) June 28, 2018
6/ Others argued that the reward didn’t seem unreasonable at all. @VitalikButerin chimed in: https://t.co/1TN07aRhWh and @BenDavenport made the point that it aligns incentives akin to startup founder equity https://t.co/ENbzo0hPZK
— Nathaniel Whittemore (@nlw) June 28, 2018
8/ In the blockchain space, these sort of norms aren't agreed upon yet. The closest thing we have to them come from those who hold up Bitcoin as the singular relevant reference point, a logic not everyone is willing to accept as the space continues to experiment and evolve.
— Nathaniel Whittemore (@nlw) June 28, 2018
10/ As @wheatpond put it – “unlike worthless fiat” you don’t have to stick around. https://t.co/N8nGeeTaLd
— Nathaniel Whittemore (@nlw) June 28, 2018
12/ Protocol layer blockchains get to look at this "liquidity of everything” as both design constraint and opportunity.
— Nathaniel Whittemore (@nlw) June 28, 2018
14/ Whatever norms from tech startups do eventually also become norms in the blockchain space, it's incredibly important not to forget that we're in new territory. As @muneeb puts it: crypto projects are not startups. https://t.co/5cAnZJVXU5
— Nathaniel Whittemore (@nlw) June 28, 2018
16/ For those interested in digging deeper into this conversation, I’m linking below to a longer thought piece “Blockchains are not startups” by @JacobArluck https://t.co/9noucUSfiF What other resources should be included in this thread?
— Nathaniel Whittemore (@nlw) June 28, 2018
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