polynya pfp
polynya
@polynya
Tangentially, all other value accrual mechanisms in crypto should be minimised to remain competitive with non-crypto solutions Fees, commissions, margins, and yes, tokens, all of that needs to tend towards zero Tokenless, governanceless, intermediariless, non-profit protocols are the true USP PS: only applies for valuable 3-5 usecases where strict global consensus is useful, for everything else non-crypto is simply better
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polynya pfp
polynya
@polynya
(Should have mentioned MEV specifically - that needs to tend towards zero obviously)
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ruhum pfp
ruhum
@ruhum
Governance-less yes, but non-profit will cause issues imo. Who’s going to build the next big protocol without the financial incentive?
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albi is /nervous pfp
albi is /nervous
@albiverse
what are use cases you have in mind besides sov? trying understand what you mean as i feel there’s a lot of down to earth truth in it
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albi is /nervous pfp
albi is /nervous
@albiverse
/microsub tip: 659 $DEGEN note: we are sending tips to all Nominees today due to recent issues with official allowance data. we will return to our normal 3-day rotation tomorrow.
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albi is /nervous pfp
albi is /nervous
@albiverse
/microsub tip: 2510 $DEGEN
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1𝐴35𝐸1 pfp
1𝐴35𝐸1
@1a35e1
Hard to imagine some use cases without governance. In a adversarial/reflexive environmental you need the ability to adapt. ps. Sent a DM.
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Cy Winther-Tamaki pfp
Cy Winther-Tamaki
@tamaki
What do you think of Sam Kazemian’s “commodity premium” thesis? a call to stop modeling eth value using cashflows the way businesses are valued and more as a product in and of itself. https://x.com/samkazemian/status/1850680110699180116?s=46
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Caster Cat #648 🎩🧾 pfp
Caster Cat #648 🎩🧾
@ariansh.eth
Tokens are powerful incentive mechanisms seems unrealistic and uncompetitive that this would go away and some protocols require a token to function Ethereum, bitcoin, Ajna, synthetix, etc. (although it might not necessarily need its own native token)
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Cp60 pfp
Cp60
@cp60
🤔
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