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Eddy Lazzarin 🟠
@eddy
Every network token should have an economic model, including the collection of fees that can be used for token buybacks. This helps sustain the value of the token, which can be continuously issued to pay for the growth or operation of the network's marketplace (SOL, ETH, UNI are all examples).
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EulerLagrange.eth - shitpost/acc
@eulerlagrange.eth
Does there always need to be a scarce/limited resource associated with a token? SOL/ETH -> Blockspace Uni -> Liquidity Helium -> Coverage Daylight -> Energy
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Eddy Lazzarin 🟠
@eddy
The thing in common here isn’t “scarcity” per se but that each of these are decentralized network-marketplaces and on the right you are listing the goods they are selling. All network tokens are integral to a (decentralized) network (marketplace).
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EulerLagrange.eth - shitpost/acc
@eulerlagrange.eth
I’m a humble college dropout. My understanding is economics as a phenomenon arises out of scarcity. There’s never enough to satisfy everyone. It’s a slightly different point than not having demand. For Daylight, imagine solar yielded 1000x more energy ceterus paribus. A token that is used to align incentives in the energy market wouldn’t work.
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EulerLagrange.eth - shitpost/acc
@eulerlagrange.eth
Economic security for protocols is a more practical example. It makes decentralized compute hyper scalable
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