Were there actually larger credit grants that would've been in exchange for equity, or, is OpenAI doing something novel?
Am I the only one who gets a physical, visceral churning in their gut when they read/hear someone unironically using the term "tokenmaxxing"?
This is the absolute worst timeline, and I'm embarrassed to even be in an industry adjacent to these dorks.
Bogo sort, Canary, and Rubber-Ducking come to mind
Even BASH comes from 'Borne Again SHell', since they re-did what Stephen Bourne made, and it sounds like 'Born Again'
How about real money or even Apple Gift cards?
Say 'Whizbang Model 6.8' comes out and tokens burn ~5x faster; what to do? Agree to give up less of the business or hope for proportional growth? The two million that had been agreed is no longer truly available/applicable. How this and the equity 'shake out' are probably relevant.
At risk of upsetting people, token value is arbitrary. What model, what time of day? What transaction? All to say: I have no idea what the Tax Man or our fake business would want :) Above my pay grade, thankfully!
in ~3 years that equity may be worthless.
at least tokenmaxxing has a straightforward implication, and the maxxing implies idiocy or excess
None of those come from such a deep hell as the "looksmaxxing" community.