3min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

#AIS: Tim Urban on political discourse + Keith Rabois on early-stage investing in 2022

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

The Tokens Aren't a Good Incentive, but You're Not Buying Chucky Tel

A lot of the way these crypto projects are designed is that you don't have protective provisions, preferred chairs and the operating system that venture runs on. When they get flush with a billion dollars in tokens or a hundred million in tokens, they wind down the pn. They haven't shipped the product. It has missilinedmmisslined, or bad or perverse incentives all over. I'm dewflly worse than i used tobe. We are at the end of one find. The next eline is o tho isn't the fundamental problem?

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