Everybody feels that they are a super savvy investor who will get above market returns and thus “others should donate now while I seek great financial returns to donate more later”
I’ve thought about this tradeoff a lot. I feel the same way. I have a realized APR over the last 4 years of around 300%. I’ve also donated ~20% over this time. I can imagine some think that it would have been better for me to continue to invest this money but:
1) I by no means expect this rate of return to continue as I am investing larger sums
2) What if stuff didn’t go in my favour
I haven’t figured out a better answer then “yes, you should always donate for several reasons, every year”. There are also non-financial factors at play here like value drift as well to consider as well as stable ecosystems/whatever the opposite of the unilateralist curse is.
I also want to push back (as a crypto investor myself who runs a crypto fund) on the idea that we know a bull run is coming. We don’t. Crypto is now a much much larger market than 2012/2013 when EA had a lot of edge investing in crypto and I really doubt we are going to have another macro free money period again.
Bitcoin is an $800B marketcap asset and crypto as a whole is 1.7T. You should expect far greater efficiency now and that retail investors/people with other jobs won’t do nearly as well as the pros.
Everybody feels that they are a super savvy investor who will get above market returns and thus “others should donate now while I seek great financial returns to donate more later”
I’ve thought about this tradeoff a lot. I feel the same way. I have a realized APR over the last 4 years of around 300%. I’ve also donated ~20% over this time. I can imagine some think that it would have been better for me to continue to invest this money but:
1) I by no means expect this rate of return to continue as I am investing larger sums
2) What if stuff didn’t go in my favour
I haven’t figured out a better answer then “yes, you should always donate for several reasons, every year”. There are also non-financial factors at play here like value drift as well to consider as well as stable ecosystems/whatever the opposite of the unilateralist curse is.
I also want to push back (as a crypto investor myself who runs a crypto fund) on the idea that we know a bull run is coming. We don’t. Crypto is now a much much larger market than 2012/2013 when EA had a lot of edge investing in crypto and I really doubt we are going to have another macro free money period again.
Bitcoin is an $800B marketcap asset and crypto as a whole is 1.7T. You should expect far greater efficiency now and that retail investors/people with other jobs won’t do nearly as well as the pros.