Would You Trade an Open Token for Real Investor Rights? - Uneasy Money

Description

Kain Warwick asks Steven Goldfeder, Co-Founder and CEO of Offchain Labs, a direct question: would he trade a token almost anyone in the world is free to own for a restricted, investor-only version that carries real rights? Goldfeder traces the answer back to Arbitrum's 2017-2018 seed round, when a handful of VCs said they would only invest if the project did a token, telling them at the time, “I don't think Arbitrum needs a token. I'm not doing a token.” He also explains why keeping ownership this open, rather than concentrated among a small group of sophisticated holders, matters for who can actually be compelled to act. Hosts: Kain Warwick, Host, Founder of Infinex and Synthetix - https://x.com/kaiynne Taylor Monahan, Co-host, Security Expert - https://x.com/tayvano_ Guest: Steven Goldfeder - Co-Founder and CEO of Offchain Labs - https://x.com/sgoldfed This clip is from a longer conversation on Arbitrum's token design and governance. Full episode here: https://youtu.be/-6mTz-XunoM We go live every Wednesday - subscribe to catch it live. Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at https://cape.co/unchained (use code: UNCHAINED). Chapters: 🪙 00:00 Kain's premise: nearly anyone on earth can own ARB, versus a gated version 🤔 00:56 Why sophisticated buyers would rather hold Offchain Labs equity ❓ 02:40 Kain asks Goldfeder directly 🕰️ 03:18 The investors who would only back Arbitrum if it did a token 🔐 04:26 Why who can be compelled matters more than who can buy _______________________________________________________ #bitcoin #ethereum #crypto #cryptocurrencies ++++++++++++++++++++++++++++++++++++++++++++++++ Subscribe to our channel! Website → https://unchainedcrypto.com Unchained Daily Newsletter (FREE!)→ https://unchainedcrypto.beehiiv.com/subscribe/ Unchained X → https://x.com/unchained_pod Apple → https://podcasts.apple.com/us/podcast/id1123922160?ls=1 Spotify → https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w RSS Feed → https://feeds.megaphone.fm/LSHML4761942757 Unchained: Your no-hype resource for all things crypto!