Crypto Tokens

Tokens that get their value from "governance rights" are mostly bullshit. In order to assess whether the governance rights are actually valuable, look at 3 related areas: - Scope - Scale - Selfish Benefits Quick 🧵

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-🧵👇