protocol tokens

“If you instead thought of Twitter as a protocol token, Twitter, the company, or like the group developing the protocol could totally continue to exist just fine with as many developers on top as you can think of.”

“Think about it in terms of company equity. When you're thinking about building technology and so on, it can pay people salaries and dollars and so on. And you can give them equity, which gives them a share of the thing you're creating. And that's what protocol…”

“Having a new token provides a whole bunch of other benefits, including kind of aligning an entire community around a certain Cause of like network development.”