Writing / 2026
What I got wrong about the FLR-token, and what I got right.
A candid re-read of the 2018 green paper: terminal value, verification and the parts that still hold.
This is a launch placeholder for the working essay. The final version will be written in Fraser’s voice and cross-link to the relevant archive document.
The point of publishing the note is not to present a finished product. It is to make the design question concrete enough that practitioners, funders and technical builders can challenge it.
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