Tokenomics

In theory, crypto makes it possible for users to partake in the success of the products and communities they are part of. In practice, token-based economies are very difficult to design. We’re going to see a lot of trial and error. Some challenges I'm seeing:

Some reasons to build your startup in web3 🧵

Harsh Truth: As long as protocols are issuing more in incentives than they're making in revenue (aka turn profit), token price will go down (over a long enough time horizon).