When people talk about cryptoeconomics, they mostly talking about value accrual. How can we make sure a network’s token gains value as the network grows? But how do we know that optimizing for value accrual leads to the healthiest network? There is ample evidence to the contrary. Many projects with contrived mechanics that reward holders possess communities of pure speculators unable or uninterested in taking valuable actions like building on top, evangelizing the network, and so on.
Do not design for speculators
Do not design for speculators
Do not design for speculators
When people talk about cryptoeconomics, they mostly talking about value accrual. How can we make sure a network’s token gains value as the network grows? But how do we know that optimizing for value accrual leads to the healthiest network? There is ample evidence to the contrary. Many projects with contrived mechanics that reward holders possess communities of pure speculators unable or uninterested in taking valuable actions like building on top, evangelizing the network, and so on.