basil (propagation arc) pfp
basil (propagation arc)
@itsbasil
when everything becomes a token, nothing has value; this fundamental truth has been ignored & the fallout is now making its way to x 1) excessive tokenization creates a mirage of opportunity while actually destroying ecosystem value. when we fragment liquidity across thousands of micro-tokens, each new addition doesn't expand the pie—it merely slices it thinner. attention remains finite; liquidity remains finite; but tokens multiply endlessly 2) the math simply doesn't work. in a hyper-tokenized environment, capital continually flows toward novelty, creating temporary spikes followed by inevitable crashes. you can say "normal market efficiency" but the system generates far more losers than winners by design, not by accident 3) "direct monetization" sounds empowering but masks a brutal reality: without substantial existing audience, discovery becomes nearly impossible in a sea of tokens. creators with smaller followings face worse odds than in traditional systems, not better ones
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basil (propagation arc) pfp
basil (propagation arc)
@itsbasil
we need ecosystems where success compounds rather than cannibalizes. this requires: > upstream value capture that benefits the entire ecosystem, not just individual tokens > mechanisms for discovery that don't place the entire burden on creators' reach > risk distribution that allows users to participate in broader success rather than gambling on individual creators lastly, critiquing over-tokenization isn't anti-crypto—it's advocating for sustainable tokenomics. i want token systems that create genuine value, not just temporary arbitrage opportunities; that is all this is doing we need token models that strengthen as they grow, not systems that collapse under their own weight. until we design with these principles, tokenization will continue to burn more users than it benefits this is the sad truth whatever this is, is not working & will never work, at least not in any sustainable fashion we have the ability to create better systems; that is why most of us are here in the first place...
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Danica Swanson pfp
Danica Swanson
@danicaswanson
Beautifully written and on-point. Thanks for writing this.
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Garrett pfp
Garrett
@garrett
🎯
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Rafaello pfp
Rafaello
@rafaello12
You always know the right things to say
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MrBrick.Base.Eth pfp
MrBrick.Base.Eth
@mrbrick
I agree in principle on most of what you say here however I have a completely different way of looking at it. You see tokenizing everything as a road to spreading out too thin. But everything does need to have a price and a way to obtain and prove ownership in the digital age. Since that's necessary I don't have issue with tokenizing everything. The issue I have is that people expect everything that is tokenized to now behave like a promising currency or protocol, which they are not! They are nothing more than baseball cards or vinyl records or a great picture. They may get hot at times, especially early on in their lifespan but you gotta stop looking at these things as currencies and ways to profit, or even grow for that matter. It's an expenditure, you are spending your money and buying a collectors item, to own as a hobbyist, just to say "i have 1" and thats it, nothing more. Literally, nothing more! These are not currencies. They aren't protocols. They are the art of their creators, that's it, full stop.
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Koolkheart pfp
Koolkheart
@koolkheart.eth
This is amazing! Great words
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Dry Tortuga pfp
Dry Tortuga
@dry-tortuga
Wise words
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