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https://warpcast.com/~/channel/smartcoins
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jihad ↑
@jihad
I think the potential of "community tokens" is still largely untapped, but we've been thinking about them all wrong. A community token is made valuable by the number of *individual people* who have found away to align their own work with token upside. Each person might do this in a different way. In aggregate, this means that community tokens represent a bet on the network of "aligned members." Right now, we think "alignment" just means holding. It doesn't. A community token is only valuable if each member of the community views it as their personal token.
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john
@know
another way of thinking about this is that a token can give one access to alignment/coordination with others in a network it's a social signalling tool for potential collaboration it might also allow for interoperability at the financial layer between protocols/infrastructure that utilise the token or it's network of holders
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bry
@brykayne
I have a lot of questions, I love this cast- 1. What happens if a community member decides 6 months in it's not their personal token? 2. What are some of the problems that exist with community tokens? (I'm planning on writing up a summary from a community token I worked on) 3. Does every individual need to take on this mindset? Of the token is their personal token? 4. I agree with your definition - how would you define and measure success for a community coin? 5. How do you think about participation in the network in terms of contributions and rewards (or pay)? Side-note: I love the delineation of the different types of tokens, and would love for us in /smartcoins to define the different types that exist, because each type likely stems from a core set of problems or values.
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Garrett
@garrett
A community token is only valuable if each member of the community views it as something they want more of
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𝑶𝒕𝒕𝒊🎩🌊
@toyboy.eth
In the long run it still does just mean holding.
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links 🏴
@links
You’re right and to encourage individuals to align themselves with the token you have to solve a « cold start » problem. As an individual I will accept any amount of ETH and USDC for my work because other people are using them and I’m sure I can use them for other things (ie the network is sufficiently large). But the amount of higher I will accept is capped because I don’t know if I can use it for other things I need. So what should a community leader build to encourage more people to accept the token? Crypto is good at building financials tools like exchanges and stake vaults, but that’s not enough. I guess every problem is a network problem.
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Matt
@tameel.eth
Issue here: newcomers are discouraged because their work to create upside benefits ogs more than themselves
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L3MBDA
@l3mbda
imagine a world where everyone’s hustle aligns with token upside
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Stam🎩🔵🐹
@stamrecords.eth
Does it also mean we shouldn’t reward the people with the biggest audiences the most?
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Westwood
@westwood
Pretty much new patriotic digital communities.
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