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I see buybacks are back on the timeline. To save ourselves time and debate, I have prepared a simple quiz on when buybacks are rational.
Is the discounted cash flow of the token higher than the discounted cash flow of investing in additional growth?
If DCF of the token is higher, buyback can make sense.
If DCF of the token is lower, it usually makes more sense to invest in more growth.
You’re still financing via emissions and considering a buyback? How did people trust you with their money in the first place?