RT CoinDesk Podcast Network (@CoinDeskPodcast)🎧 Check out the latest episode of ‘BITCOIN SEASON 2: Why tokens don't work (except for Bitcoin)’ in partnership with @blockspacepod!Crypto builders thought that just by building public goods they could create sustainable businesses. “Turns out you actually have to make money” - @gwartygwartNOTES• https://t.co/cbzjVAHkf4 crossed hundreds of millions in revenue• Fat protocol thesis originated 2016-2017• iPhone example: $1,000 vs theoretical $10,000• Uniswap has fe ...

RT Gwart (@GwartyGwart)This is why, paradoxically, I’m almost sympathetic to people who cannot wrap their minds around the “revenue meta.” Not because these people are correct that it’s just a “meta”, they are very wrong and always have been, but because the first 10 years of crypto managed to completely nerdsnipe and indoctrinate so many in this industry into just writing open source code and assuming you’d capture value for ~reasons~ and the worst part was that it was *mainly true* for those 10 years, in ...