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https://warpcast.com/~/channel/rish
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rish
@rish
1/2 Some thoughts on tokenization: It's not that hard to imagine that *all* information has _some_ value. 99.9% of it is negligible and no one cares, 0.1% captures a full spectrum of value. We know this already because this is what IP laws are based on. We already think some information is more "valuable" than others and we have established laws to credibly argue about it.
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rish
@rish
2/2 Now what this value is, is determined in different ways today - all the way from open markets to individuals setting the price arbitrarily. Seems like crypto points this price search strongly in the direction of open markets. The risk here obv is that novices assume most information has a higher value than it actually does, trade in and find out the hard way that was a snipe. Presumably, everyone will learn that this is the case similar to how everyone learned about internet scams? We know now that not all bits of information on the internet can be trusted and similar not all markets that show a rising chart will actually result in long term value creation. If all of this is true, then we should tokenize _everything_ just so we know what the value of that bit of information is. We will obviously find that most of it has no value coupled with really illiquid markets but that seems fine? That's status quo anyway. Without open markets, most information doesn't have any value. What am I missing?
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shoni.eth
@alexpaden
The value isn’t derived from the content so much as the network supporting it, and content itself doesn’t need to be tokenized to have value, it just needs a unique identifier. That’s my opinion at least There’s nothing inherently “good” about what I.e Jesse is posting, it’s just the hope it will become valuable because he shills it to his network/coinbase network/farcaster network
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rish
@rish
- this has nothing to do with jesse jfyi - tokens are unique identifiers with open markets attached? - there is no claim that the information has to be "good", in fact I explicitly say 99.9% won't be
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