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More important than decentralized is "permission-less". Ignoring the updateable smart contracts like Solana, once the contract is out there, and admin rights revoked, it doesn't matter as much if the front-end is a centralized operation. Worst case, fork the code.

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Can we get a Tokenomics for Dummies post or series? Cobie had a good article on this recently. Scott Adams talks about “confusopoly” where marketing is designed to prevent the buyer from making informed decisions. Unfortunately that’s where a lot of tokens are: an incredibly intricate mishmash of vesting schedules for half a dozen interested parties.

This comes across as being designed to rug retail and then blame retail investors for not “doing the research”. When the project knows full well that they wrote the documentation to be as opaque as possible.

It’s a terrible look for a young industry still needing to attract positive attention. Bad tokenomic setups need to be explained and addressed aggressively from within the industry. Or regulators assuredly will address it, and it’s likely that real innovation will get strangled in the process.

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Everyone is a “bank”.

We’re all zeros fam

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deletedFeb 23, 2022Liked by DeFi Education
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