There's Something Off About ApeCoin

By yielding a generational wealth creation opportunity that was a strange hybrid of a lottery jackpot and self-made fortune, crypto created an ideological hold on its early entrepreneurs and workers. It had all the euphoria of a gold rush and all the self esteem of high tech meritocracy.

Big trend emerging around fans holding tokens to get access to different experiences and that raising network value of token. If the team is holding its own treasury of the tokens and token value is increasing, could team start earning from the treasury? An example is WHALE community where moderators earn tokens. How you distribute tokens, to whom,... See more

But what gives $APE any value to begin with? It’s not directly, legally tied to the profits of Yuga Labs, the parent company of BAYC — that would make it a totally illegal security. In a literal sense, owning the token only allows you to vote in matters of concern to the decentralized autonomous organization (DAO) that formed around the currency. T... See more

A major drawback of TokenPage is that a user can attack a page just by spending enough money. For example, a user could own the “Yankees” page and simply write “The Yankees suck”. Despite the low quality content, the page may retain its value to the malignant owner because others, like Yankees fans, would be willing to pay to “fix” the page.