Danica Swanson
@danicaswanson
Recommended read: "Why The Community Is Not the Product" by @beylin is an unflinching look at how token incentives can crowd out intrinsic motivation in communities. I've come to similar conclusions via a different route. The author doesn't mince words: "I will state plainly that if you’re building a community and intend to use a token to try and introduce extrinsic incentives, you will likely fail, and your community will eventually die (albeit perhaps extremely slowly, sustained by the energy of token holders who are incentivized to believe a dream which cannot ever be true)." [...] "In the absence of intrinsic motivation you have something else… like a company, a non profit, an ecosystem, an economy... But without intrinsic motivation, I would argue that by definition you do not have a community." https://m.mirror.xyz/GNrZCiNqsf23JBLF3e4fwKxO4UmLa8t5SwQYDuOqcdc
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KMac🍌 ⏩ ツ
@kmacb.eth
@ashmoney.eth
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Danica Swanson
@danicaswanson
Preach.
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KMac🍌 ⏩ ツ
@kmacb.eth
Thanks for sharing this. I def would have missed it. Perfect timing as @ashmoney.eth @chukwukaosakwe @veekay et al in the /football channel are debating the use of tokens.
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Danica Swanson
@danicaswanson
I feel like many people in crypto will have a hard time accepting the author's sobering conclusion, but I hope anyone who reads this will give it careful thought before making decisions about token incentives in their communities. As a veteran discussion forum moderator (I started in the 1990s) who watched several thriving communities slowly self-destruct (partly because there was no sustainable way to pay the moderators, who were doing thankless and time-consuming work), there's still a blockchain-tech-optimist part of me that protests: "but... but... what if..." Fortunately, that optimist part of me can be put to better use elsewhere.
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