Alex Wittenberg

How Do You Know When to Quit?

For example, FWB is tokenized. Membership is limited to tokenholders above a certain threshold. Events are token-gated. Content is token-gated. Life in FWB revolves around the token.

“Cyberspace,” Goldhaber explains, “offers a much more effective means of continuing and completing attention transactions, as well as opening up more possibilities to almost everyone. Whoever you are, however you express yourself, you can now have a crack at the global audience.” 

Limited Liability: How does limited liability work when token holders are not only customers, investors, and "employees" of the project? How does it work based on differing levels of contribution?

Each person who onboards to a DAO will have different levels of web3 knowledge, contributing experience, and comfort levels. A clear mission and vision can help to attract people at similar levels, but ultimately, onboarding processes should accommodate for differences among these new members (to the extent of the DAO’s intended target audience).

Tokenized community: a progressively self-managing and collectively-governed community that works toward the proliferation and development of a common meme using a token as its primary means of coordination. 

Apecoin’s launch was more or less like a start-up IPOing: preexisting holders of Bored Ape Yacht Club NFTs could claim a certain amount of the currency for themselves, for free just because they have an ape. That currency immediately had value. 

What is the situation that led to current problems?What changed? What is currently required? 

Understanding the centrality of the desire for recognition is quite helpful in understanding the power and ubiquity of social media. We have developed a technology that can create a synthetic version of our most fundamental desire. Why did the Russian couple post those wedding photos? Why do any of us post anything? Because we want other humans to... See more