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by witx 3 hours ago
You're naive, uninformed or turfing if you think companies are still not tokenmaxxing.

Also tokenmaxxing was never an intentional and smart strategy employed by companies like you say. It was a mix of fear of missing out, signaling to investors they were in on the hype and recouping investmenets in data centers

2 comments

CEOs are just as, if not moreso, susceptibility to fomo than everyone else!
Yes, and Uber was trying to recuperate what investments in data centers?

Come on now. Let's not think that we are all smarter than management at these companies.

Your business will suffer greatly for your short-sightedness. But yeah, go imitate Uber, I am sure you will get just as big as they are this way. Everybody knows Uber's success comes from Apple Vision Pro making their developers oh so productive. You should go to the Apple store right now.

Your livelihood now depends on tokens remaining subsidized. How long do you think your engineers will continue to have the independent ability to maintain your codebase if the tokens got 20x more expensive?

Buy and sip that intelligence straight from the tap.

I never said go imitate Uber's strategy. I just challenged the person who claimed that these companies are only doing it to recuperate data center investments when Uber doesn't have any data center investments.
> Let's not think that we are all smarter than management at these companies.

Outside of a few well run companies, it's hard not to feel like the average IC is smarter than their leadership.