Austin Castellaw

I think one of the most important things is for protocol teams or communities to first figure out what it is that they’re trying to accomplish and what their token specifically will be used for. For a lot of work token models like KEEP, NuCypher, or The Graph, the token is used to provide a service — the token is serving as a tax medallion. And so... See more

The cycle is pretty much - creator attracts viewers on Y → Y becomes the ideal platform for viewers to view their creators → Y uses creator to attract more creators → Y gets more creators, earning them more money, allowing them to attract more creators → but now Youtube virtually has monopoly over all other similar platforms and creators → They get... See more

So, currently it’s a W2 but I’m probably going to change it to a 1099 because I’m figuring out exactly what the best legal structure is based on how I actually like work, and we’re still figuring out where I fit within Orca because again, it’s like one of those things where I’m a researcher but I’m engaging a lot with their DAO and I think that... See more

So, in summary, single, dual, or triple token models are irrelevant if the game's sink and sources are not thoroughly considered + target demographic + game objectives.  Personally, I favor a dual or triple token model that separates investor and player incentives.

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

-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.

-According to Spencer defining a DAO should be from the bottom and looking at the DAOs actions. A DAO is an organization where the decisions occur in a decentralized manner by many people in a collective.