Crypto Tokens

Tokens give communities superpowers once reserved for countries or corporations. 💸 Generate and distribute value 🏦 Manage a shared "bank" account ⚖️ Global governance and decision making The hard work is figuring out how to use these powers for good. 🌱

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-🧵👇

Most of the "tokenized securities" being hyped are "digital stock certificates", not permission-less decentralized businesses with on-chain cash flows & dividends. The former is a cash grab by under-writers, the latter is the potential 10x disruption (a precursor to full DAOs).