Fascinating talks by @eddy on Tokenomics Design at @a16zcrypto CSX.

Here are my notes:

Network Effect 

* Tokenomics is all about defining and reinforcing network effects. It’s crucial to outline core metrics tied to the network’s primary behaviors—where value is truly created. These metrics guide the incentives.

* For example, in Uber’s case, core metrics might include rider wait times and driver utilization. Enhancing these metrics draws more participants, thereby strengthening the network effect.

* Network effects differ from reflexive effects (e.g., price increases leading to further price increases), which are self-reinforcing but less sustainable.

⤵️

CTO @a16zcrypto, lover of https://github.com/a16z/awesome-farcaster

We back bold entrepreneurs building the next internet. 
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“governance only when absolutely necessary” - finally!! governance shouldn’t be a utility; it’s useless. users don’t participate and end up delegating to the same 4 people who participate in most 'DAOs.'