Stephan pfp
Stephan
@stephancill
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
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Stephan pfp
Stephan
@stephancill
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
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Hoot 🎩 pfp
Hoot 🎩
@owl
For retail it doesn’t mean much, but institutional investors actually get a shot at influencing a projects high level decision making. In the case of (meme) tokens most often you don’t get any influence though, unless they promise utility or they turn into a DAO
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