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

As a matter of fact, the less utility the better

Forces people associate the value of the token with the protocol as opposed to weird fundamental analysis

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

And airdrops are fine but ICOs are better

seems like the real token is all the memecoins we make along the way