One of the reasons that there is so much confusion around token design, and value accrual specifically, is that tokens, and the DAOs and protocols that issue them, are so multifaceted. Sometimes, the issuers want them to behave like shares in a corporation. Others issue “governance” rights to skirt regulations while insiders pump the tokens in the... See more
One of my favourite living documents on the internet - a living slide deck I check every few months that never ceases to be full of surprising and weird connections
Whether this is a good thing is up for debate—we should, of course, still fix things like income inequality and climate change. (And we need policy changes to complement private sector solutions.) But consumer technologies will always adapt to changes in the people they’re being built to serve—and with the Gen Z and Millennial generations radically... See more