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Idan Levin 🎩
@idanlevin
The hardest part of building a functioning economy is perfecting circular economics. That's why many projects explode and then crash. Bitcoin was groundbreaking in achieving the right circular balance. It is a sort of alchemy to capture this circular movement
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Cassie Heart
@cassie
One aspect that makes this capture challenging is the environment has changed – when bitcoin first arrived, there were no other decentralized cash projects with high momentum or precedent (some existed, but none were as broadly adopted like projects today). This made it possible for organic growth to slowly build momentum. Today, even projects that try to maintain organic growth inevitably get spikes in adoption through people that try to hype projects. There's nothing wrong with sharing interests, but it can be a much harder hill to climb if a project still in development suddenly finds itself with tens (or hundreds) of thousands of users with their own interests and demands. What ultimately makes it so much more likely it crashes and burns though, is when these projects allow investors to influence the tokenomics, because the interests are no longer aligned with a community and healthy growth, they're aligned with an investor getting their exit.
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Idan Levin 🎩
@idanlevin
100%. No two economic games are alike; each is unique in its authenticity. The economic agents within these systems evolve and learn over time, altering the dynamics. In the initial years, you need true believers, not profit maximizers, which is challenging when the game has known profit outcomes.
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