I think I’ve come around on tokens. They are great for addressing misaligned incentives - something that the online social platform landscape is riddled with

If there ever was a project that should have had a token it would be farcaster

cypherpunk wannabe, engineer working on @frames /open-frames /opencast
https://stephancill.co.za create stories at https://stories.steer.fun

Inb4 “hurr durr what would the token do”

It doesn’t have to do anything the same way publicly traded stocks don’t really do anything

stocks are primarily for owning residual profit and voting control over board

yeah, the whole system is kind of broken 

but it'd be even more broken without shareholder rights and delaware law

Co-founder, Scout Game.
https://scoutgame.xyz

I didn’t mention voting rights because I thought it’s implied 😅

Basically the unanimous use case for tokenisation of a protocol. Totally makes sense

for the record i think voting rights is table stakes for a token. my point is that it doesn't need a specific use case or have complex tokenomics to be valuable

also by virtue of being onchain voting becomes super accessible to token holders

yeah i also mean voting is kind of broken for us public equities 

most voting control is held by large asset managers who are passive by definition and don't really have the ability or desire to be active in the companies in which they're invested on behalf of *all of america* retirees, pensioners, 401ks, etc.

for the record i think voting rights is table stakes for a token. my point is that it doesn't need a specific use case or have complex tokenomics to be valuable

also by virtue of being onchain voting becomes super accessible to token holders

https://warpcast.com/stephancill/0x064ba856