2min chapter

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ROLLUP: SBF Live Interviews | BlockFi Bankruptcy | Crypto Bottom Signals | MetaMask Privacy Policy | Earnifi

Bankless

CHAPTER

Governance Rights Tokens Aren't Very Valuable

The notion of governance rights as a narrative for why a token should be valuable is pathological you're literally saying i'm buying x because later on somebody might buy it from me. The only people for whom it is a good trade are multi-millionaires and hedge funds yeah but isn't that kind of always the bet? You don't have much say as a smally capitalized individual, so like governance power or like the value of apple governance doesn't apply to retail investors.

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