Consumer Crypto

Consumer token thinking seems to me to be backwards. My current view:

• Don’t build a token to form a community. Build a community then launch a token.

• Don’t punish economic motion with fees, punish economic stagnation with demurrage.

• Don’t promise eventual utility and focus on immediate financial value. Build immediate utility and eventual financial value.

leader • reader • taco eater • sports fan • fly eagles fly • @bunches • /whiskey • previously addepar, linkedin • https://nf.td/derek

culture first, token later on (if needed)

I'm generally very bullish on DePIN, just like tokenized economies. 

But what creates communities are shared identities. 

And both PIN and code can help facilitate identity, but IMO are poor bases for identity. It's too easy to confuse the two, which is where I push back.

Another way to put it? 
The identity is "I am a home cook" not "I own a decentralized fridge".

Identity → Community → Network → Economy

I wrote about this here: https://derekbrown.xyz/network-first-economy-second

Hope this helps!

Building @swaye - swaye.co | Ex Managing Director @CoinList, Research @Messari | 🇹🇼🇺🇸

Wdyt about depin using tokens to bootstrap community/network?

This is brilliant. Tokens are tools that earn purpose over time, but tools overall. Thanks for sharing!