Exclusivity is a Double-Edged Sword – there are diminishing returns to growing an exclusive community.
The Social Token Paradox by @gaby_goldberg got me thinking about how socials tokens based on exclusivity might get trapped in a cycle of growth and diminishing social value.
Prediction: Incentive designer will be a new title in web3. I think of it as a product designer that can draw on principles from economics/tokenomics, psychology, and engineering. Incentives govern everything!
I’m increasingly of the belief that incentive design is the most important problem to work on. Humans are good at overcoming obstacles when they have reason to do so — the worst problems tend to be ones of cooperation, not technological or scientific understanding.