one of the problems with social tokens is that you cannot meaningfully invest in someone for the long run because of the product risk.

if the product doesn't work out, the person you invested in will just move to the next new thing that creates a new token for them until we finally have a winner in the space

working on matcha.xyz and @paybot, yc alum

think every appcoin should do a commitment prelaunch to manage expectations for how long team is committed to working on it, even if things go poorly

Even in the case of no team allocation of tokens this feels reasonable

Building Larry, FOSS via @frames, @framesfun /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

its actually for the benefit of the launchers. Seems clear that different expectations lead to ppl getting angry when price goes down and they feel team isnt working enough on it

would be good but don't think we can expect that to happen after the president launched a memecoin without any terms xd

agree, until thats done i dont think anyone should be suprised at the swings or sell offs from participants. easier to launch; easier to decomission; no skin in the game. its a feature and design choice, but i think app coins should lean to what you're saying, ideally w/ vesting and allocation.

i'd hold those tokens.