@NFT_Shooter I think it will happen, just not maybe like we think. “Web3” will be for everyone when the barriers to entry come down and people don’t think about it as “web3”, but just use it for everything bc it’s easier. Tech will survive, most projects prob won’t.
@DaveToronto_xyz@kevinrose Exclusive. For instance, projects may not directly have rising price as a goal, but may be assuming or planning for the price to rise based on the goods and services they offer. Again though, even that is tricky bc it’s indirect - would be good to know from teams whether ppl -
@DaveToronto_xyz@kevinrose I’m asking this generally, and i understand projects can’t currently really be investments/securities for legal reasons, but i do think many buyers think of them like that, and since that’s the case, should they be thinking of them like that 🧐
@0xseraph@EB7 Exactly. even if teams build successful businesses, we’re just depending on token price appreciation rather than an actual stake in profits. I think most people purchase assuming they’ll get a slice of the pie, but most projects haven’t clarified how or if this will happen.
@azfnft Really interesting thread, thanks! I’d guess a large percentage of nft holders, while knowing they’re not officially equity holders, invest bc they feel the projects will financially reward them for holding in one way or another as the utility.
@0xWave The anti bayc crew interestingly enough also argues by calling out logical fallacies, while simultaneously using the same fallacies & false correlations to support their points. They create a “damned if you do, damned if you don’t” situation, and spin things to their narrative.