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.

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.