token

“What a token can do, Is that when the network utility, or rather the application utility is low so there are no hard drives to go store things on, on Filecoin, so why would I want to use Filecoin instead of Amazon S III? Well, I now see that Filecoin is worth …”

“You can view each token as basically creating its own little central bank and its own little government. And there are already over a thousand tokens.”

“And by the way, these aren't mutually exclusive, so you can have tokens that are both usage and work tokens, and I think many tokens in the future will likely be that.”

“If you have a token that's operating on a fully decentralized network, that's probably clearly not. A security.”

“Not every one of these projects necessarily needs its own token. Some of these projects could be just sort of core infrastructure at the base layer of the protocol.”

“I think crypto is, is the one innovation out there that feels highly disruptive because it's a real change in business model. It's not just a technological change. It's a fundamental change in business model. You're not monetizing with ads. You're not monetizi…”

“Ethereum participants own the token, and therefore, you know, have an emotional connection to, you know, the values of the infrastructure, and what, you know, its goals, and what it aims to achieve.”

“Tokens are part and parcel of what's valuable and interesting about crypto. And so if you remove that piece, it doesn't make any sense.”

“Across the A-sixteen Z portfolio... Best companies spending on tokens per month relative to human compensation... High single digits, some at 10%, like some of the very AI native ones, like 10% plus. And so, you know, and then old economy companies are spendin…”

“At Atreides, our internal token consumption has gone up a hundred X from the month of March, March through August, 100 X. Yeah. Our token spend.”

“In that month we spent roughly 1.5 million dollars worth of tokens. This is free, by the way. I, no, I don't want to but it was actually 10 X more we were spending in tokens than employee salary for that month.”