hottakes

High quality users are demotivated by tokens.

Identity and math

Co-founder at @icebreaker

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Is there a single VC funded consumer crypto startup without tokens or the suggestion of tokens in their marketing?

but agree with you, they were the only other example I could think of

fair distinction

I'm not as confident about the consumer funded apps tho (unless you're talking about ALL consumer).

In crypto, being attractive as VC investment is mostly at odds with building something people want.

THIS is the reason why we don't have 1B users in crypto yet. 

Also not even trying to dunk on VCs here, it's a natural outcome of incentives and the accelerated + inflated payouts enabled by tokens

I'm saying theres nuance between "having a token" and "allowing tokens to function"

wallets also probably fit in here

also 92% confidence the next wave of consumer funded apps this summer are not going to be token centric, or if they have a token it'll be distinctly different from current memecoin iterations (i.e. not liquidity and appreciation focused)