Ultimately, the non-transactional thing works on the basis of trust. You have to have trust first, before you can get that virtuous cycle going, because you have to start by giving and not knowing what you'll get back. It's something like an abundance mindset, trust in the community. But at the same time, if you give and you don't get meaningful va... See more

Can we all earn a living for doing what we love, and loving what we do? Surely there is an entire sample space of token design resting on patronage, appreciation and respect as foundational primitives. One centered on the notion of energy that must be earned and refreshed anew in a world of constant entropy. I do believe the weight of historical go... See more

So if I step back, a good consumer token model in my mind:

• Releases a token early, recognizes the end state is entirely unclear, and maintains optionality on how it’ll evolve in future


• Has mechanics to distribute tokens over a long time frame to users / participants that are creating value


• Captures value from the speculation layer and funnels it into

... See more

In many crypto projects, the largest holders end up being just the people who were aware of the project earliest. But those early adopters are not necessarily the most valuable to the future of the ecosystem. So it is essential to maintain incentives for ongoing contributions and engagement. One natural way to achieve this in a two-token framework ... See more