"Risk comes from not knowing what you are doing."
Welcome to Tokenomics.WTF, where blockchain meets microeconomics and disappointment follows. You’re happier not knowing. But misery loves company, so please join me, boog, on a wondrous boat ride thorough pure imagination.
At some point in the doldrums of the pandemic I (like everyone else) decided to alleviate some boredom by investing in crypto. Unlike everyone else (investing in crypto) I’m allergic to speculation. Thus began a series of deep dives into whitepapers and economic modeling in an extremely misguided attempt to eschew the iterated Keynesian beauty contest and make picks based on fundamentals. This is the story of that journey.
Sign up now to follow along as I confront the gratuitously terrible incentive structures developers have built into their tokens.