tweets targeting the core challenge around introducing a market dynamic into community with DAOs and coins source
- monetizing values corrupts them
- ==Market-based economy set a context where money = value explicitly==, discretely. Not as informal or continuous as asking for a favor
- intimacy and efficient/economical are opposites
- best case scenario is you get all the efficiency from a market-based system and preserve community values
- “The key (I think): the community must remain stronger than the economic rewards. And not in a soft, aspirational way. There must be more motivation and agency built into the community (layer0) than there is economic motivation built into the cryptoeconomics (layer1).” ^31810d
- how to bake in rewards but don’t trigger market mindset?
-
- Make community tokens look less like money.
- Non-fungibility, non-transferability, limited liquidity, penalties for norm violations could all work. The token can still hold value, but is less likely to attract value-dilutive speculators or be viewed as a purely economic asset
-
- Maintain subjectivity: in access to the community, decisions within it, rewards.
- Keeping governance in the ‘social layer’ rather than on-chain could preserve the importance of reputation, norms, and communication - things that make it a community rather than economic bloc.
-
- Fit token distribution to community goals.
- Some communities should aim for less decentralization. Token concentration in the founders + earliest members may preserve early values. In a world of many overlapping communities, diversity of influence is good. Leaders matter.
- “even a billion dollars of capital cannot compete with a project having a soul.”
-