Saved by sari and
Fat Protocols | Union Square Ventures
“The market cap of the protocol always grows faster than the combined value of the applications built on top, since the success of the application layer drives further speculation at the protocol layer. And again, increasing value at the protocol layer attracts and incentivises competition at the application layer.”
Joey DeBruin • (Amazon) Prime time in web3
Fundamentally, I consider ETH to derive most of its value from being a global, permissionless store of value, and while it is engaging to discuss the value accrual story as it relates to scaling of the ecosystem, long-term user and developer growth should take precedent over short-term focus on token mechanics. The rollup-centric roadmap makes a lo... See more
HackMD: Your Collaborative Markdown Workspace for Knowledge Sharing
So if I step back, a good consumer token model in my mind:
- Releases a token early, recognizes the end state is entirely unclear, and maintains optionality on how it’ll evolve in future
- Has mechanics to distribute tokens over a long time frame to users / participants that are creating value
- Captures value from the speculation layer and funnels it into
Joshcrnls • Notes on Consumer Crypto | Aug 17, 2024
Frameworks v0.2
FRAMEWORKS v0.2 Many of the thoughts in this document draw on and synthesize concepts from economics, math, physics, chemistry, biology, and psychology. Here are a handful of core concepts that are often relied on as inputs: Activation energy Behavioral economics Cognitive biases Darwinism En...
docs.google.com