one of the problems with social tokens is that you cannot meaningfully invest in someone for the long run because of the product risk.

if the product doesn't work out, the person you invested in will just move to the next new thing that creates a new token for them until we finally have a winner in the space

working on matcha.xyz and @paybot, yc alum

Building Larry, FOSS via @frames, @framesfun /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

would be good but don't think we can expect that to happen after the president launched a memecoin without any terms xd

think every appcoin should do a commitment prelaunch to manage expectations for how long team is committed to working on it, even if things go poorly

Even in the case of no team allocation of tokens this feels reasonable

wdym exactly with patronage for new stars, not sure i understand

there is a good sci fi book series about a world where everyone has their own stock but blanking on the name xd

https://en.wikipedia.org/wiki/The_Unincorporated_Man

Think best model is patronage for new stars* with a kick back when career milestones are met. Fantium is doing this for tennis players and it’s interesting but still very complex with regulation and automatic issuance/verfication

Possible on crypto rails tho

At some point in our lifetime…

New stars = emerging influencers, athletes, musicians, etc. but also see a dystopian world where it can apply to every person in the world