smartcoins

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.

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

Commit

1. social signalling coordination might look like a higher holder working with another higher holder on a higher project based on the idea that it might lead to token price action - no money changes hands, it's all about collaborating because they can see onchain alignment via token holdings

2. at the infra/finance layer it might look like /commit allowing people to use higher as a unit of staking and rewards to get more users or the higher token becoming a access pass to other kinds of infrastructure