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.
“Gyms sell the dream of transformation while banking on the reality of abandonment.”
Airdrops are inefficient token distribution mechanisms since they don’t measure how valuable of a contributor a token recipient is
Why reward a token to someone if they aren’t going to contribute to the network?
We need to be better than just rewarding early users
DAOs are laboratories for governance. And they’re the ultimate playground for coordination games.
Once we solve governance and coordination, the true power of the Internet will be unlocked.