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Jayme Hoffman pfp
Jayme Hoffman
@jayme
Here are my notes from Week 3 of @a16zcrypto CSX. 1/ This week focused on tokens - some highlights below 🧵 https://paragraph.xyz/@jayme/csx-week-3-notes
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Jayme Hoffman
@jayme
2/ Key token categories • Memecoins • Stablecoin • Arcade token • Network token
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Jayme Hoffman
@jayme
3/ Memecoins "Memecoins have been around for a while ... Look at CoinMarketCap in 2013" Explicitly no purpose. If they have a purpose, they are more interesting than a memecoin. https://warpcast.com/jayme/0x990c07a5
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Jayme Hoffman
@jayme
4/ Network tokens The most interesting: You don't design a token; you design a protocol. https://warpcast.com/jayme/0x0c08d4d8
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Jayme Hoffman
@jayme
5/ Faucets and Sinks Fundamental power = issuance (always consider the sink) Protocol as a Marketplace: • Supply = parties creating goods (network capacity, blockspace) • Demand = people pay to consume that (people pay for compute)
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Jayme Hoffman
@jayme
6/ Reasons for tokens Bad • Incentives - infinite ad budget you didn't pay for is not protocol design • Voting - who wants to vote? • Payments - people do not want to pay in volatile protocol tokens Good • Align network • Support network effects • Secure protocol
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Jayme Hoffman
@jayme
7/ Path to decentralization “Decentralization is the regulator strategy” Where to start? • Centralized but functional, manual distribution programs • Memecoin: bottom left - decentralized but no functionality
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Jayme Hoffman
@jayme
8/ Crypto is a lot like virtual worlds • Never-ending warfare • Like one big MMO (Solona vs. ETH) • Tokens, jobs, economy are equally not real • “There is a fight for blockspace anywhere and anything” - Hilmar (CCP Games)
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Jayme Hoffman
@jayme
9/ Kant's Rules for Happiness • Something to do → the game • Someone to love → friendships in-game • Something to hope for → the next expansion
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Jayme Hoffman
@jayme
10/ Real life has failed people 7B people, only 200M like what they do ... Can we solve that? CCP Games Mission: Make virtual worlds more meaningful than real life
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Jayme Hoffman
@jayme
11/ Collective suffering There is something magical about collective suffering. • Underestimated part of biology • People seek this out (adventures, marathons) • Crypto is similar (Winters = collective suffering)
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Jayme Hoffman
@jayme
12/ Blackbird /blackbird and $Fly came up numerous times throughout the week. - $Fly = offchain (good idea) - Nobody is going around buying fly - People are excited about it https://www.thesupersonic.blackbird.xyz/p/introducing-fly-blackbirds-native
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a16zcrypto
@a16zcrypto
🫡 📝
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Apurv
@apurvkaushal
bookmarked. Did the folks happen to mention any formal guides around designing tokenomics - reading a bunch but end up having doubts on some of their approaches. So looking for more reliable sources..
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Ignas Peciura Ⓜ️
@ipeciura.eth
100 $DEGEN 🎩
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Sasha Barrie
@kapuster
Great recap! Thank you for sharing! Any recommended readings? 100 $DEGEN
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