Geoff Golberg
@geoffgolberg
Repeatedly rewarding “being early” is like masturbation.. feels good, but ultimately you’re fu*king yourself (and hindering growth)
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Cameron Armstrong
@cameron
1. The whole point of rewarding early is supposed to get people to have skin in the game of an app or network when they have no rational reason to have skin in the game - by design, rewards diminish over time in proportion to the decreasing network need for bootstrapped attention 2. We don't really use it like this, we generally just do the first part and skip the whole "make a network or app valuable enough so you don't need to pay people to use it" because that part is really fuggin hard 3. Tokens don't make things better, they just make them faster
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Jason
@jachian
For point 1 it makes sense for financialized things and have a natural fit. I wonder how much it’s now shoe-horned into crypto products as a bandaid to PMF to a point that it’s hurting and not helping
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Cameron Armstrong
@cameron
i think that your guess is mostly the case tokens add much more noise than signal pre-pmf
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proxy
@proxystudio.eth
we've gotten pretty lazy in our thinking about what a token can be, can do, or how they should be distributed. was just writing a governance proposal, thinking about how much is presumed from the articulation of the words "DAO" and "token governance" or like, data shows that 90-95% of most major mainnet airdrops were deposited directly to cex & sold. the irony is that to try something new with tokens, we still need to deploy them & distribute them :)
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