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
@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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ted (not lasso)
@ted
what makes you think that publicly traded stocks don’t serve a function?
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Stephan
@stephancill
didn't mean it like that. just meant that a token doesn't need to be spent or staked or used for gas or have other special utility for it to be useful at the end of the day most people use it as an investment vehicle to speculate on the success of the protocol
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