added by Leo Guinan and · updated 2y ago
Status Traps: Learning from Web2 Social Networks - a16z crypto
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- Once we solve the Social Token Paradox, capital will no longer be the primary status symbol in web3. Instead, status will be composed of how many communities you are a part of, or how many things you’ve done online. The more online history you have, the richer your own story is, and the more things you can be a part of in the future.
from Social Token Paradox by Gaby Goldberg
sari added
- I think it’s the same with social networks like Facebook and Instagram, everything. At the level of scale that they’re at now, the status game and the sense of progression is going to be way different than it was when they were just starting out.
from Status Games: Engineering Scarcity in a World of Abundance by Eugene Wei
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