Tokenomics
Understanding tokens & their economics πŸ’Έ
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https://x.com/pridesai/status/1895944068368384210 crypto is generally downstream of fiat in shades of legitimacy, because it's the incentive of last resort (in monetary collapse). it's not inferior, but it can only be as legitimate as the incentives codified in front of it, or the liquidity. I think a devil's advocate point needs to be made for low-float, annually-issued memecoins. this doesn't need a limiting principle, but rather a forcing principle, and imho there hasn't been any successful attempts at standardizing "the dev"/core. at some point, the basic facets of CTO should be enshrined for a vibe closer to Proof of Work. part of Bitcoin's appeal is how much was burned over time through misadventure, unendingly. I wonder if it would be appealing to demonstrate how much is initially locked to goals into the future, with tranche-shunting as well as slashing.
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the tokenomics casts will continue until incentives improve speaking of "farmers", the water is extremely muddied. everyone is talking past each other to sell the legitimacy of "their take", and it strikes my as the tyranny of structurelessness (https://www.jofreeman.com/joreen/tyranny.htm) everyone should ask themselves, what are the distributive tranches? there's the team. we're still digesting $VVV without vesting. there are replyguys. is this where Tip4Tip meta exists? there's bounty claimers. look at all the organic content that makes its way through /poidh there are LPs. the trick seems to be unit bias with a hidden dilution. there are charitable organizations. there's a ridiculous amount of friction here, a ridiculous amount of sell pressure, but a legit value prop for just holding the token as a virtue. there are smart contract with fee splits. deeply undervalued. that can't be all of it. where are the serial organizers/operators? all of this needs further *consistent* codification.
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