drewcoffman on Warpcast

drewcoffman pfp

@drewcoffman.eth

more convinced than ever that everything becomes tokenized, but less sure how tokens maintain value when anyone can launch one or to put it another way: - everything will be tokenized - tokens trend toward zero unless they're meaningful anyone have thoughts on how to solve the conflict?

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Zach pfp

“Attention is all you need”

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m_j_r pfp

how do you value soulbounds? character is generally less fungible than wealth (debatable)

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FeMMie 🧪💨 pfp

FeMMie 🧪💨

tokens need real purpose or they’re just noise

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derek pfp

Remember that tokens are not the things that hold the value. Tokens, in themselves, are not valuable. Despite what the current meta would have us believe. They are digital *representations* of the the things that hold value: products, experiences, real world assets, exclusive access, ownership, etc.

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will pfp

nothing to solve there, just the way it is most startups also go to zero

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horsefacts pfp

@horsefacts.eth

make more meaning :)

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rafa pfp

In the limit, token value is equal to the potential of the agents contributing to it + mindshare

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depatchedmode pfp

Don’t think there’s much conflict there. Decay is natural and healthy. Assuming token price speculation gets balanced with other ways of returning value to long term holders, then tokens will find the dynamic euilibria they deserve. Biggest problem is nothing new: hard to be heard; hard to find your crowd.

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bradq pfp

we need some tokenization use cases of things that have clear value and staying power and then we need to tell those stories well--much better than we tell stories now. right now, there's this clanker and that, etc but there's really no clear place to go to say, 'yeah, but that's the casino...here are 5 use cases that will change the world' Even a few breakthroughs would give us a narrative that is clearer and more engaging for people who aren't here playing.

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Brian Flynn pfp

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pxaxm pfp

Tokenization ≠ requires value. It's just representation that allows anything to be read, write, act in the digital world.

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jd 🌺 pfp

of course the majority of tokens go to zero value will flow to the tokens that represent the effort of others. this is why some of the highest valued tokens are art this is why tokenizing the physical is so interesting

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⌐◨-◨ BiGSHOT ⌐◨-◨ pfp

⌐◨-◨ BiGSHOT ⌐◨-◨

definitly a goods and services connection there, especially as we get into 3D prinitng of foods and everyhome has a replicator times.

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Jack Dishman pfp

imo it's all about the context of the coin, who created it, is it authentic? where did they share it, how did they create it, is it their first coin? what is the narrative behind the coin

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Ribin Ruck pfp

the solve is let bots take over and stop caring about tokens. bot work in the background for everyone from their social behaviors trading millions of tokens as zeitgeist-making super-index tokens drop to the very-low value and in rare cases jumps up rewarding the human that represents the zeitgeist

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Boin Père pfp

This million tokens a week mania will mean revert soon enough.

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LucentMonk 🍖***🎩 pfp

LucentMonk 🍖***🎩

I think it's true and it's not a conflict. No one is gonna buy a token anymore just for fun. The whole market is saturated. So now, or eventually, there will be a return to value. Coins will get valued based on their return to investors.... Eventually...

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CarCulture.eth🎩 🔵 pfp

CarCulture.eth🎩 🔵

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