Saved by sari
Economics of Tokenized Incentives 3: Token Value Won’t Align Stakeholders
@sariazout: 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:
Liked Tweetstwitter.comBut, if you read the previous section, you know that there’s a catch: while the value of a protocol’s token is meant to reflect the success of the protocol, it’s very difficult to design a token that actually captures the full breadth and nuance of the protocol’s goals. And the price incentive built into tokens leaves them especially vulnerable to ... See more