With that, we'll have to be careful about introducing thoughtful abstraction—simplifying and hiding complexity without diluting the essence of web3 or taking away control when it might be valued.

Alternative solutions:1. off-chain identity with on-chain anchoring - bahave like L2 solutions. Only use L1 chain for state change and settlement2. modified sharding - only a subset of network manages/verifies a subset of identities

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

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