Austin Castellaw

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.

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

Should all three of these roles be represented by a single token? Which of them are a better match for fungible and non-fungible tokens?

The total market cap of all stablecoins is close to $200B. This represents around 10% of the entire crypto industry. They have quickly become a critically important piece of most DeFi products. There are several ways to create a dollar-pegged token, and each strategy comes with some tradeoffs.

And so when people are designing these incentive mechanisms and tokens, what types of factors are they considering? Whether it’s things like fairness or liquidity or security or the developer ecosystem, or I’m sure there’s plenty of other considerations. But what do you find that people are thinking about and tend to value? For some of the... See more

Blockchains charge a monetary fee to the users proportional to the computational burden the nodes must verify. Thus, on this monolithic stack, the computation cost is quite high. Developers have been forced to write their code around such constraints, not being able to express the true potential of on-chain applications.