Coinmonks Letter #26, The Startup vs. Nation-State Approach
The only true wisdom is in knowing you know nothing
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We are born into this world unarmed — our mind is our only weapon. — Ayn Rand, Atlas Shrugged
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Crypto Governance: The Startup vs. Nation-State Approach
Often investors attempt to apply the same priors and heuristics whether they are talking about bitcoin, petrocoin, or filecoin because they are all “crypto”. This would be akin to applying the same fundamental analysis to gold markets, sanctioned Venezuelan debt markets, and the pre-IPO valuation of Dropbox circa 2008.
By Jack Purdy
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