You are viewing a single comment's thread from:

RE: Notes on Token Design Philosophy

Dude when you first told me "Individuals should have their own tokens" I honestly thought you were crazy, it sounded so insane to me.

But I've been thinking about it pretty hard for the last week to try and understand, and after watching that whole Andreas speech from this post... I think it makes sense now! The example of how middle schoolers might mint their own digital tokens as a literal popularity contest is helpful.

Another useful analogy was that of bloggers - how we used to rely on people with printing presses to spread knowledge, and now we have decentralized bloggers where anybody can have the right info. Currency can work the same way - we're making it so anybody can have a "printing press" for digital money.

Individuals with tokens is a lot more reasonable than I thought at first... This really could be the ultimate use case for SMTs when they launch in early 2018.

Sort:  

Individual SMTs = better form of Patreon.
Yeah it's crazy lol but if we're to shoot for mainstream adoption, then the commercialisation of token creation and distribution is a must, hence i-SMTs..