The Ponzi Career

As the workforce is increasingly atomized into a freelancer economy of solopreneurs, social tokens seem to offer a way for any individual to become a creator by printing themselves a kind of upfront loan, as discussed above.

Much like twitter > linkedin for networking. Learn-to-earn is going to slowly replace credentials and largely gamify and invert the education funding model

Social tokens, Lambda School, Pipe: all of these capitalize potential money-makers upfront based on expected future earnings, and in doing so, actually increase the probability of financial success by giving them money to invest.

I expect it to become routine--first among younger people in more technical fields--that recruitment will involve looking at someone’s blockchain-backed identity to see a richer picture of the person’s background. If a candidate with an unpromising resume can demonstrate an unusually large number of these Gold Star tokens--in which former bosses an... See more

-Startups have always had the ability to raise vast sums of money with promises of future profit: a decent diagramm on a napkin might solicit $2M from VCs in actual capital as well as an additional $10M of phantom capital known as “equity” for a $12M valuation. Social tokens allow anyone to raise this way without needing VCs to dictate terms. And i... See more