0/ Token incentives are a popular way to distribute ownership to people that provide a useful service But as we've seen, some of these distributions are easy to game and are less effective in hitting their key objectives Here's my framework for thinking about this 👇

A thread about @Coordinape, DAOs, decentralized compensation and its potential and pitfalls, and what it all might mean for the future of work:

The idea that token holders can passively extract rent without providing equal value to a protocol is unsustainable. In the long-run, token holders will likely need to be active network participants or assume some of the risk of the system to be viable. 1/

24/ We are all at the experimentation stage. We are early. I believe we all will figure it out together. Note: - This is just a simplified version of token analysis. Deeper analysis of each project can be found at @TheBlockRes https://theblockresearch.com/author/erina-azmi... See more