The Minutes of Bill Gurley on tokenomics https://minutesof.com/bill-gurley/on/tokenomics/ Everything Bill Gurley has said on tokenomics: 3 verbatim quotes from December 2021, each with a timestamp and a link to the recording it came from. en Mon, 31 Aug 2026 13:09:39 +0000 Gurley says if he could redo Second Life, he would let the currency appreciate instead of fixing it. https://minutesof.com/q/b8623b92-03bc-428f-843d-83c4713ee9e6/ https://minutesof.com/q/b8623b92-03bc-428f-843d-83c4713ee9e6/ “And that's why earlier in this conversation, one thing, if I went back on Second Life, I'd probably not stay with the fixed currency. I'd probably let it explode.” — Invest Like the Best Tue, 07 Dec 2021 09:00:00 +0000 tokenomics Gurley questions whether governance tokens have value without ability to extract economic rents from the syste https://minutesof.com/q/2b827828-cb62-4e1e-b365-730e4deac14b/ https://minutesof.com/q/2b827828-cb62-4e1e-b365-730e4deac14b/ “And everything from my history of studying finance and economics would say that if you declared you'd never rake the system” — Invest Like the Best Tue, 07 Dec 2021 09:00:00 +0000 tokenomics Gurley argues governance tokens without economic rights would be worth a small fraction of tokens with revenue https://minutesof.com/q/8ba60c78-d89e-41fc-8e92-a0a9704fa5fb/ https://minutesof.com/q/8ba60c78-d89e-41fc-8e92-a0a9704fa5fb/ “And everything from my history of studying finance and economics would say that if you declared you'd never rake the system governance token, simply the right to kind of control a group or community would be worth a fraction, a small fraction of what an economic token would be.” — Invest Like the Best Tue, 07 Dec 2021 09:00:00 +0000 tokenomics