Austin Castellaw

So what IS SourceCred?

And if nearly the entire audience who is playing the game is only there to make money, as soon as the earning possibilities go away so too does the audience, and then the game rapidly falls apart.

-Spencer describes how they use coordinape to reward people who chose a more flexible track where contributors work on projects and submit proposals on how much they should receive in compensation.

But this new model of compensation isn’t without questions & challenges.  One criticism is that this model of peer-driven compensation incentivizes more visible, externally-facing work—which may not be correlated with impact—versus more unseen independent contributions.

With these market conditions come implicit assumptions around the future state of crypto. For builders and investors to meet expectations over the next 5-10 years, how much market cap creation will we need to see? How much institutional capital will need to enter the space to support these assets? Where might institutions allocate? How can both... See more

Isn’t it weird how the tables have turned? Now, let’s look at a Web3 version of this.

If the token distribution is easy to game, value extractors will find a way maximize the number of tokens they earnTokens spent on these entities have a negative benefit, as the project doesn't receive real users or growth in return

In web3, the situation is different.  New marketplaces can aggregate all existing NFTs. New social networks can surface all on-chain activities regardless of whether users ever signed up. How can a moat develop?  A potential answer is tokens.