I think open markets are generally bad for early stage communities and ventures.

Massively distracting. Attracts speculators, activist 'investors' and unaligned people. Distorts incentives if things go too high or low. Financializes your culture and centers your movement irrevocably around price.

There's some exceptions but overall I've seen the same things play out thousands of times over the years.

building • prev manifold.xyz, twilio.com

[What resurfaced this thought is all the cool token launchers and tokens, I've seen some folks beginning to treat them more seriously, as has happened in the many cycles before, I'm resisting that.

It's financial entertainment to me and I think the launchers and tokens that lean into that will be the most successful and have the most fun.

For example, baseline fairness is desirable, sure, but after that you actually want some chaos and unpredictability. It creates excitement. I would lean into pvp, cabal vs cabal, bots vs humans–all of it]