Henry He @hhe08
Tokenomics/DeFi/Web3/Crypto Joined December 2008-
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@guywuolletjr Nothing is black&white. IF tokens are used as incentives to drive growth, buy&burn is effectively used to drive growth. IF the economics is designed well, b&b can have leverage and works better than cash. Truth: few understand it & can do good economics designs that are critical!
@PunkXBT_ @liamihorne @VitalikButerin @chuk_xyz it is unfortunate. the market has never been there, not even today. honestly, little surprised that a dedicated payment L1 still needs state channel to handle projected future volume. @tempo @matthuang @gakonst what do you know that the public doesn't know? mind educate us?
@frontiertower @Superherohotel Indeed "hallway conversation"! Congrats!
@HadickM @hosseeb @dragonfly_xyz @tomhschmidt big congrats Rob!
@MichalBene @multiliquid_xyz @will_beeson Congrats!
@VitalikButerin Bingo! *surfacing good content* (e.g. curation) is critical to success. All successful web2 UGC products including Substack have done great job at curation. So far, all web3 UGT products including @zora have done a poor job at curation and suffer from it: x.com/hhe08/status/1…
12/ First, capital & KOl curations can be easily gamed & traders will be unfairly harmed, resulting products losing demand side. Second, creators who don’t have capital or KOL won’t have much financial return & will stop creating tokens, resulting products losing supply side.
@delitzer nah, that's really a narrow view on categorizing the phases of tokenization. Like UGC is the hallmark of Web 2.0, the hallmark of Tokenization 2.0 should be UGT: x.com/hhe08/status/1…
1/ The Ascent of UGT (User Generated Token) - new meta! #Tokenization is at inflection point after 10yrs since #ICO. UGT is leading the charge of Tokenization 2.0. If history repeats, who will become massively successful UGT product like UGC peer @instagram, @YouTube, @tiktok_us?
@notthreadguy I hope everyone will see the common sense in your decision: x.com/hhe08/status/1…
10/ Like UGC, UGT as a whole is incredibly valuable. With infinite supply, if every UGT has financial value, then there will be infinite financial value, which violates common sense! Intuitively winning UGT products should be good at curating UGT that has great financial value.
@hhe08 @eliqiann @KyleSamani Nice thread and solid distinction. Token framing makes more sense if you’re anchoring on-chain logic while letting assets live elsewhere. UGT feels cleaner for composability and long-term UX. @hhe08 follow back appreciated fr
@KeithGrossman Good perspective. I would like to add that the downward trend of meme coin is inevitable due to its bad fundamental design and next wave needs to fix it to become long-term successful: x.com/hhe08/status/1…
12/ First, capital & KOl curations can be easily gamed & traders will be unfairly harmed, resulting products losing demand side. Second, creators who don’t have capital or KOL won’t have much financial return & will stop creating tokens, resulting products losing supply side.
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