In a synthesis of Hasu’s recent remarks, the Flashbots strategic director and Lido advisor, the greatest risk in crypto isn’t disengaged token holders, but active interference by investors who presume they can steer the project. He warns that pressure for buybacks, questionable incentive schemes, and aggressive governance proposals can erode startup value.

Looking ahead, Hasu argues that if he started a crypto business today, token issuance should be deferred until the project is prepared to go public. Treat tokens like an IPO and preserve founder control, since cheap capital cycles can backfire.

He contends that the move toward broad publicization carries undisclosed risks to tokenomics and corporate autonomy, noting that a large share of crypto ventures should refrain from issuing tokens to safeguard long-term value.