A Clever Web3 Pitch(coinmarketcap.com)
coinmarketcap.com
A Clever Web3 Pitch
https://coinmarketcap.com/alexandria/signals/21461
2 comments
I am starting to allow that the skeptic in me might be wrong, and I'm just missing something that others can see when it comes to the crypto frenzy.
There are real irrefutable problems lurking in the technology as it exists now, but let's assume that those can be worked out. What I want to know is, does Braintrust really plan to hand over governance to its participants? How is that a good sell to the VCs? Because I assume that they don't in fact plan to hand over governance to the market participants, in which case the coins seem fairly useless. Convince me I'm wrong.
There are real irrefutable problems lurking in the technology as it exists now, but let's assume that those can be worked out. What I want to know is, does Braintrust really plan to hand over governance to its participants? How is that a good sell to the VCs? Because I assume that they don't in fact plan to hand over governance to the market participants, in which case the coins seem fairly useless. Convince me I'm wrong.
But even if that could be solved the theory here is that wealth or power distribution could be improved by giving away tokens. Obviously companies cannot hand out money and equity to you for using their services, but the article presumes that it would work with tokens, because... and it neglects to mention why it would work.
It would work if you pay with USD for the service and get relatively useless tokens. Based on how crypto economies are today this is how it would play out. Or worst, NFT pay-to-earn games for example managed to combine gig economies with pyramid schemes and gambling.
https://www.frontiersin.org/articles/10.3389/fbloc.2021.7301...