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Buybacks are genius if token goes go up and dumb if token goes down. Simple as.
21 tuntia sitten
Hot take: This constant push by investors (retail and institutional alike) for early stage protocols to conduct buybacks is one of the biggest mistakes our industry is making.
We need protocols to be prioritizing growth. No startup whether centralized or decentralized can afford to not prioritize growth. It is better to do it with revenues than token inflation.
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