added by sari · updated 2y ago
Pacenotes: Exit to Community and Personal Tokens with Nathan Schneider
- But the bigger point is that social tokens turn fleeting fun-and-play communities into long-lasting fun-and-work communities because social tokens turn communities into economies.
from We’re (in) the money by David Phelps
sari added
- “The idea with exit to community is how can you create a model where the whole point is to create a vibrant community that will become its eventual stewards,” Schneider tells TechCrunch. “It seems like a natural fit, especially in a moment where we’re looking for increased accountability and the wealth distribution problems in the startup economy."
from Instead of IPOs and acquisitions, exiting to community is one alternative by Techcrunch
sari added
- Community tokens serve as financialized coordination tools in previously unfinancialized communities.So how do tokenized communities economically sustain themselves? This is primarily a question of how individual members and contributors get paid, so that they aren’t forced to allocate time elsewhere. Unlike protocols, people need to be paid.
from Tokenized Communities by Forefront
Alex Wittenberg added