Tokenomics
Understanding tokens & their economics πΈ
@rev
if you're new to tokenomics, here's a great 101 for you
https://every.to/almanack/tokenomics-101
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@m-j-r.eth
remember @breck's Scroll https://github.com/breck7/scroll
I think there's a way to solve the intelligence bottleneck, not just in effect GWh of token output, but also GWh saved by market-driven recombination.
if the overall envelope of complexity is some term of ontology, and the versioned repo is controlled by some divisible right, then there's an opportune market for claiming a subdomain by working the environment in zkVM. same statistical concept, a sufficient sample can reject an older null hypothesis for the alternate, and if the repo rights can be trustlessly traded pari mutuel by some onchain event (like claiming a new alt hypothesis as subdomain), this can be a credibly neutral agentic futarchy which overrides the bottleneck.
food for thought.
https://x.com/seldon_seen/status/2033546359203135646?s=20
https://x.com/seldon_seen/status/2032846761505550748?s=20
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@m-j-r.eth
there really should be more continuity between agents, the points of their cooperation, and the fitness functions of benevolence that adjust the relative power.
https://docs.freedomfactory.io/build/andyclaw
https://farcaster.xyz/m-j-r.eth/0x770276d7
https://x.com/fileverse/status/2023788802582380809?s=20
https://x.com/nerderlyne/status/2026913233542762497?s=20
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@m-j-r.eth
wrt Citrini, Anthropic, and datacenter FUD, one must be open to a K-shaped distribution
imagine a Proof of Wholesomeness. The user conspicuously purchases locally grown ingredients, in home-made recipes, delivered by locals. as with many points-based platforms, the consumer receive flair and perks over time. meanwhile, the locals participating in gardening, home cooking, and delivery operate within a shared DAO that competes with all other localist DAOs for weekly distribution of GoodCoin.
why is the token useful? cultural distribution *and credit to leading flagship models*. the region that organizes the most wholesome local activity gains more facility for advertising themselves, the AI hyperscalers gain a negotiable contribution to localism, as well as political leverage for deploying secure datacenters.
but this consideration separates the consumers of both the local wholesome cuisine and AI marketing from the larger bodies racing to train the most competitive intelligence overall. YMMV
https://x.com/seldon_seen/status/2026006929709949139?s=20
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@m-j-r.eth
considering two facets of the same thing: a linger-to-magnify grid of CICD documents with extrinsic incentive like "Deliberate2Earn", but it's critical that the main currency is right to write more qualified documentation by meeting further criteria over time.
not single-dimension points, not content coins. progressive access can be very rewarding for curiousity-dependent autonomy.
https://x.com/seldon_seen/status/2024938572969542054?s=20
https://x.com/seldon_seen/status/2024857925810786485?s=20
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@m-j-r.eth
the irony of incentives is that they're well-explored, but poorly-executed.
there's already instances of geometric progression, "crypto citadel" (or tolls to check for free-riders), points for content, and variable-rate gradual dutch auctions.
if a project has intrinsic value, there is a stack for organic user growth.
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@m-j-r.eth
this is also a playground for programatically distributing equity
perhaps another iteration of MEV in which the bundlers worry about the behind-the-meter baremetal, but it's still RWA
maximally fortunate enterprise
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@m-j-r.eth
imho there are several immediate directions in which this can apply.
for saturated services, x402 offers a race to be the "cheapest of niche", but one can vaguely see a general shape in which firms like Anthropic can internalize so many SKILL .md that they also drive a race for a kind of decentralized and autonomous provisioner.
there's a lot of unsaturated services, especially "Wizard-tier" novelty, that are better served by an ongoing incentive distribution which doesn't revolve around the concept of liquidity. a lot of projects issue a liquid token and are absolutely torn apart by the social layer because they're immediately burdened with the impossible duty of capitalization. the blunt truth is that experiments should be designed for curiousity, and one way that worked was illiquid, less-fungible bragging rights.
in other sense, there must be ongoing distributions for a public agora of code, i.e. Merge-to-Earn. there must be a system for incentivizing authentic datastreams that start out as rudimentary forms like 24/7 livestreams. there must be information markets that are more binding, like a rolling challenger to GenCast (https://deepmind.google/blog/gencast-predicts-weather-and-the-risks-of-extreme-conditions-with-sota-accuracy/), and one can imagine a common incentive for setting up a birdfeeder livestream for the backyard, a traffic cam for the front yard, and weather station on top. reality is already coherent complexity, what remains is rearticulating the layers logically.
finally, web2 era of digital goods and services is giving complacency. go to a website, and all it offers is "contact us a quote"? no thanks. same goes with "DM for invite", people will settle for that, but it's not the most ambitious form. I think a much better approach would be auctioning limited access slots as NFTs, with a surcharge beyond a daily usage limit that sweeps those NFTs on secondary.
Blob-Parameter-Only forks should also inspire more ephemeral funding like Deep Funding. there should be more selective pressure, but not to such a jagged extent that the decentralized ecosystem is wholly extinguishing agents. the opposite of autonomy is not destruction, it is non-final stasis, and DAOs which are just coin wrappers are too zombified and eventually the coins lose their industrious value. the lesson to take away from this is an opportunity for exclusive, token-consuming strategy, and there's lots of room for that sort of design.
what else?
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@m-j-r.eth
geometric progression merge-to-earn credits for a digital citadel of videogen
https://github.com/slice-so/merge-to-earn
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@m-j-r.eth
firstly, for the sake of transparency, I'm moderating /tokenomics, and welcome further discussion of onchain structure *and* stochastic dynamism around onchain structure that produces economic value.
secondly, I think there is a shrinking window to compete with siloed platforms adopting more dependence on monolithic intelligence. I don't know how long channels on Farcaster will remain, but regardless, any focus on trading as a first-class feature in good faith must be strongly denominated towards posterity.
in that spirit, market-making must follow social organizing, versus sentiment following price action. I anticipate prediction markets adopting positive-sum emission mechanics, and like with white whale trend, there will be more circulatory control. should any echo of friendtech manifest, I also think there should be exploration of easy-to-read, credible-to-write structure that Hashcash started, but with much more capable critic than underspecified contest/committee structure.
the reason this is important is that our ecosystem is dominating offline contests like the Golden Globes, and gambling is "second-fastest growing sector in GDP". we cannot afford a simplistic, extractive, and rigged model that simply advertises bets paying for bills. there must be protocols that reinforce a extensive meritocracy of stochastic edges outside of entertainment, and imho any intensive focus on IRL controversy like democratic elections will feed the same regulatory capture of tokenomics that we experience already. the public deserves cost-cutting signal, not cost-shifting noise.
thirdly, with the recent SocialFi cycle, I expect botted metrics and linear feeds to go extinct as the demography ages and the mass media commoditizes. there is opportunity for appending qualitative info to posts, like with the vague exodus to platforms such as substack. with the advancements in diffusion/segmentation, as well as the workplace adoption of HUD assistance, I think there is an underrated opportunity for "journeyman hivemind" as some extrinsic onchain incentive. we've definitely beyond the master/apprentice model, but have we really transcended guilds/unions in modern corporatism? there's alpha in that.
thank you for coming to my Fed talk.
https://x.com/seldon_seen/status/2012186775113097427?s=20
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@m-j-r.eth
none of the coins say "join the movement"
there must be a circulation sink that's self-explanatory "I'm part of the movement"
even better if there's self-explanatory "I'm this deep in the movement, and I'm moving 'there'"
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@m-j-r.eth
one consideration of infra is keeping the dGENs private as cold-hard wallets, or as everyday carry of bearer keys/permissions/programs, or as onchain objects like EIP-4337.
this doesn't necessarily exclude the possibility of dispersing to dGENs as a private set, and gathering anonymous votes via franchise proof.
imho, a lot of potential in evolving this association set in the same way that the peripheral hardware & network can evolve, which begs the question what goods the tokens redeem into, whether they've shipped, but doesn't demand the totality of who and where the recipients are of either goods or tokens.
https://docs.privacypools.com/layers/asp
https://developer.vocdoni.io/protocol/anonymity/zk-census-proof
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