Reflections on "Community"

Token-backed communities align incentives so much better than any other medium or monetization I’ve seen.

The most existential question in crypto: what will be the relationship between tokens and communities? At stake: can DAOs bring virtue back to scaled organization? Or will they accelerate the economics-only mentalities that have been corroding society? A way-too-long-🧵👇

So how do we solve the Social Token Paradox? As an ecosystem, we need to rethink the value of a token from the ground up. The decentralized communities of tomorrow will be centered around what we do, instead of what we have. This will be accomplished through both pre-existing on-chain data, as well as through a more robust DAO onboarding process th... See more

That said, the high frequency of airdrops has also created a culture in crypto where many prospective contributors join a community with the sole aim of maximizing their chances of getting airdropped tokens in the future — regardless of how invested they are in the community as a whole, or how slim the chances of these airdrops happening actually a... See more