outside of crypto early adoption seems to be driven by having some desirable properties that outweigh poor ux.
This article from @hasufl on the necessity of governance tokens to incentivise protocol adoption is pretty good — but it’s very funny that “rewarding early adopters with something taken from late adopters” also perfectly describes a pyramid scheme.pic.twitter.com/2phqxMRpIm
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i heard that it’s not pyramid scheme it’s the cantillion effect
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Every thing is a Ponzi scheme if you squint enough How strong is your retina?
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Earth is a ponzi it can’t use the sun’s energy forever
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mining is great but most just dump the tokens so the incentive alignment is lost along with their upside
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we're just pulling forward demand bro it's not a pyramid scheme it's just monetary policy bro bro plz don't raise your turkey prices bro
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A pyramid scheme and a flywheel effect share the same properties but that doesn't mean that both are the same. Its all about alligning incentives.
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