Austin Castellaw

In this third part, I’m going to cover utility. Utility is a subsection of the Demand side of the tokenomics equation. Even if a token has a great supply model, it still needs a good reason to exist and for people to hold it. Without those, there will be no demand for it, and no one will buy or hold it.

I love that. That’s super interesting. Okay. So, I have some sort of nosy questions for you. How do you get paid and how is it determined how much you get paid?

Thanks to these proofs, it is possible to exponentially increase the computational complexity and throughput while maintaining the verification cost linear or even less.

Spending vs HoldingCash flowsGovernanceCollateral

Defensibility in web2 comes from proprietary data network effects. Each application is a walled garden, and a bigger user base translates into more utility vs. competitors.  The social network with most data, content, users, etc. is more valuable.