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.
Only launch a token when you have figured out:
1. How the community can participate towards meaningful objectives for the network (give tokens for work to be done)
2. Who to distribute ownership to (making sure you are distributing ownership to those that create the most value)
Crypto's biggest promise: make more people owners
Crypto's biggest challenge:not turning missionaries into mercenaries
I'm convinced incentive design will be the most important business skill of the 21st century.
https://t.co/SBIEjtnZhC