Founders

Here are my notes from Week 3 of @a16zcrypto CSX.

1/ This week focused on tokens - some highlights below 🧵

We back bold entrepreneurs building the next internet. 
a16zcrypto.com/

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

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

Can you say more on why incentives are a bad reason for tokens?

interesting how the sentiment moved away from tokens = incentives. it's not long ago that tokens were framed as tools to overcome cold start problems @jesse @a16z