I think open markets are generally bad for early stage communities and ventures.

Massively distracting. Attracts speculators, activist 'investors' and unaligned people. Distorts incentives if things go too high or low. Financializes your culture and centers your movement irrevocably around price.

There's some exceptions but overall I've seen the same things play out thousands of times over the years.

creating and destroying; built flying cars & autonomous vehicles, now building /faust, more here: /july, web: july.rocks

You’re essentially trying to capitalize on renting / letting out a house that hasn’t quite been built yet and arguing over how it should be furnished. I think there’s a order of operations

are there exceptions where this model works?

Unlearning. Full time product manager. Part time builder/tinkerer on farcaster. Bots: @nftsoffc.

Bitcoin itself is a network where this worked, but part of it was because people weren’t aware (wasn’t possible) to imagine that the tokens would have tremendous value. All subsequent networks gradually understood that the tokens may have value so everyone is essentially trying to front run capitalizing on the value before it becomes valuable, increasingly