Cameron Armstrong
@cameron
Choosing violence today: Can anyone explain to me what value there is in staking an app token other than "paying you not to sell this token"? (NOT talking about a protocol using staked tokens for validation collateral, an honest to god APP token - why is staking useful in a "better for users and the app" sense)
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m_j_r
@m-j-r.eth
adding to the slashing mechanic, staking should be pluralistic. the staker is incentivized in some way to exchange fungible X for f(X), but if the functor of X is both centralized & probabilistic, then there's some unknown opportunity cost. can see this as ERC-4626 (staking standard) respective to pooltogether/frax.
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Cameron Armstrong
@cameron
honestly struggling to see how this helps users + app
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m_j_r
@m-j-r.eth
it's an honest account of holding any fungible asset. all users/apps deal in standard time, yet a majority of consumer apps are designed in a "Skinner box" fashion to abstract away the opportunity cost of time spent in-app, or otherwise sell delegation (subs). staking a token is, counterintuitively, more transparent.
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Cameron Armstrong
@cameron
got any further reading bc ngl i have no idea what you're talking about
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m_j_r
@m-j-r.eth
Tyranny of the Clock touches upon the time element, i.e. labor being staked time/effort for wages. Cash is staked in savings/investment, f(cash) being something like a CD/brokerage account. I'll try to look around for more reading, but philosophically, what in life is free stakes? I think it should be counted if not.
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