BitClout Discussion

What are the risks with social tokens?

what purists miss in their devotion to the collective is that all communities start with an individual creator. After all, the yield farming token YFI is the brainchild of Andre Cronje, the founder of Yearn Finance; FWB was hatched by Cooper Turley, who leads crypto strategy at Audius, and Brud CEO Trevor McFedries, the co-creator behind the digita... See more

Token Sales as a funding mechanism is sorta 10x better, sorta 10x worse. The ability to easily break stupid laws and take funding from non-accredited investors is a great example of the sorta/sorta dynamic of tokens. It is great that the layman can get involved. It is great that network participants can receive value for their early contributions. ... See more