Episode Description
In this fascinating interview on Hashing It Out, Matty Tokenomics discusses his book “Tokenomics for Builders” and detailed methodologies for effective token design. The conversation delves into his background in economics and finance, including his experiences at Ray Dalio’s Bridgewater Associates and as a tokenomics researcher for various blockchain projects. Matty explains the importance of incentivizing the right user behavior and the challenging aspects of designing complex financial systems, including investor reputation and compliance with regulations. Additionally, the interview touches upon the emerging trends and ongoing developments in the blockchain space, emphasizing the impact of macroeconomic factors on cryptocurrency valuations and the industry’s growth.
Resources:
- Twitter: https://x.com/@mattyTokenomics
- Book: https://tokenomics-guide.notion.site/Tokenomics-for-Builders-The-Practitioner-s-Guide-to-Token-Design-b5154feba117415cafd67678355e317b
This episode was sponsored by Logos
Timestamps:
- 00:00:00 Welcome to Hashing It Out
- 00:00:43 Chris Burniske’s Endorsement
- 00:01:18 Welcome Matty Tokenomics
- 00:01:40 Getting to Know Matty
- 00:02:51 From Finance to Tokenomics
- 00:03:56 The Foray into Crypto
- 00:05:07 Predicting Non-Financial Events
- 00:05:25 Jesse’s Intro and Questions
- 00:06:13 What is Matty Up to Now?
- 00:08:15 Importance of Quality Investors
- 00:10:20 Raising Funds Wisely
- 00:12:14 Fixing Airdrop Inefficiencies
- 00:13:46 Token Sales and Reputations
- 00:15:16 Eigen Trust Reputation
- 00:17:23 Addressing Investor Reputation
- 00:19:24 Tackling the Cold Start Problem
- 00:21:51 Examples of Mature Systems
- 00:24:22 Sales of Invites and Trust Networks
- 00:26:22 Barriers to Entry for Investors
- 00:28:36 Aligning Incentives
- 00:30:56 Managing Emergent Social Behaviors
- 00:33:24 The Future of Bridges
- 00:37:27 Back to Basics - What is Tokenomics?
- 00:39:55 Behavioral Economics and Tokenomics
- 00:40:50 Incentivizing Rational Behavior
- 00:42:44 Unit Bias and Token Prices
- 00:44:21 Changing Perceptions
- 00:47:22 The Role of Macroeconomics in Crypto
- 00:53:02 Changing Fundamentals in Bitcoin
- 00:54:47 Watching Ethereum’s Fundamentals Evolve
- 00:56:01 L2 Ecosystem Dynamics
- 00:59:17 Solana’s User Experience
- 01:00:02 Is What Matty Does Difficult?
- 01:00:55 Matty’s Bitcoin Realization Moment
- 01:02:15 Tokenomics in Ten Words
- 01:02:42 Legion CC Plug for Reputation Scores
This episode was sponsored by Logos