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work token

also referred to as: work tokens

3 statements across 2 episodes · 3 bullish · 0 bearish · 2 people on the record · first statement Jan 2, 2019 by Nick Tomaino · across every show →

Everything said about work token, oldest first

Jan 2, 2019 bullish
Prediction Not checkable as stated
Tomaino: Future crypto tokens will combine usage and work utility
“And by the way, these aren't mutually exclusive, so you can have tokens that are both usage and work tokens, and I think many tokens in the future will likely be that.”
Nick Tomaino Jan 2, 2019 ▶ 4:34 a16z Podcast | Mental Models for Understanding Crypto Tokens
Feb 26, 2019 positive
Opinion
Berniske: Work tokens prevent passive capital accumulation in cryptonetworks
“I think one thing, even if we end up in a work token world or taxi medallion world where we've separated capital and currency again, at least within those networks, the one reassuring thing is that you can't be a passive accumulator of capital. You have to be …”
Chris Berniske Feb 26, 2019 ▶ 8:57 a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?)
Feb 26, 2019 bullish
Prediction Not checkable as stated
Berniske: End users will pay in fiat while work tokens handle supply side
“And I think we'll increasingly see this where the demand side is going to just pay in whatever asset they want. They don't need to interface with crypto assets from a day to day perspective, but you can still have value in a work token that organizes the suppl…”
Chris Berniske Feb 26, 2019 ▶ 5:00 a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?)
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