Community is bullshit, so, my theory was as follows, if someone has the token, it is in their best interest to do whatever they can to increase the value of their token. How naïve I was. And I guess this is partly our own fault as a defi community for calling it governance tokens. Because all people want to do is govern, but not in the trenches hel... See more

At the same time, I think there’s a real challenge around over-economizing some of these spaces. My experience in some of the early tokenized social networks is kind of this icky feeling that you’re not just talking to each other for, you know, for its own sake, but you’re trying to somehow exploit the relationship for monetary gain.