onchain-points

I've just had a conversation about points, and it seems there has been some serious confusion between monetary points and reputation points. Quick 🧵 on the differences between the two. 

Let's start here:

Reputation points should not be spendable.

Took my curiosity on a hike, came back with a startup, and a stray cat.

Really great summary and agreed on the nuances here.

Reputation should not be transferable but having an onchain credit system that has value in a specific ecosystem feels very valuable to me.

Eigen is a great example here.

I personally hate the term "coin" but think its a good separation.

50000 $DEGEN

Onchain is the new online - FID 206 -  cooprecords.xyz

Thanks a lot! 

It is very valuable to have both Reputation and Credit points. Best example is credit system as you said, there's:
a) credit score=reputation (you gain/lose points for doing certain actions) and 
b) cashback or air miles =credit points (spendable monetary points earned for being an active user)