/biz/ - Business & Finance

>>52756675
>>52755632
glad i found this thread, i hadn't read the deep dive before this either.

while it's true that LPL holders are getting diluted with respect to their allocation of total tokens, they're now partial owners of a much, much bigger enterprise. rather than getting 50% of LP profits proportional to your LPL holdings, you're now getting 20% of the profits of EVERY node that joins up at a little more than a third of the proportion of your previous LPL ownership (100MM LPL to 260MM SDL). see pic related. i don't see how LP could have convinced more NOPs to join without incentivizing them somehow (like, say, handing them 10M SDL tokens right out the gate), so i'm not surprised there. what no one knows yet is how the revenue stream will compare to the old way we expected it to happen (i.e., 50% of LP profits rather than 20% of stake.link profits).

this is absolutely a massive alteration to how we all thought it would work, but i'm certainly not going to throw my hands up and say they're all criminals and we deserve our money back. markets are fucking stupid, i'll be waiting to see how this plays out. it was never my intention to own LPL as a growth vehicle anyway, it was always about access to a revenue stream that i couldn't get without it. SDL appears to be a similar thing