Layer on top of that the onboarding frictions for social money once you're in Discord, and you have the perfect recipe for good ol' country churn. Crypto communities have developed a real affinity for using tokens as access gates (i.e., the channels you can see are a function of how many tokens you hold). This approach presumes a high degree of... See more

“Community” to me does not mean a bunch of people brought together simply by their shared interest in shilling a speculative asset. It does not mean burning the precious time of our lives trading fragments of horrible companies on Robinhood. A community is in some sense a commons, something people share because it is valuable to them for its own... See more

Tokens are a double-edged sword that have the potential to unlock new economic models of self-sufficiency, but run the risk of confusing individuals into thinking they have developed lasting community, when all they have created is an unsustainable money game.