What's The Point Of Points? The Next Phase of Airdrops
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 31 January 2024
⏱️ 45 minutes
🧾️ Download transcript
Summary
What's the point of points?? Why are all the projects developing a points program? How did we find ourselves here? Will they actually turn into tokens? What will the regulators say about it?
All of these questions and more are answered on todays episode of Bankless Takes, hopefully you'll get the point.
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TIMESTAMPS
00:00 Intro
02:38 What Are Points?
06:16 Airline Points
09:53 Friendtech Points
14:50 Blur Points
16:14 Benefits of points
22:04 Lawyers and Regulation
28:13 Will The points Hold Value?
36:23 The Path Forward
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Bankless Takes, |
| 0:02.0 | takes. We want to give you our takes on points. |
| 0:05.0 | David, what are points? What is the point of points? |
| 0:08.0 | What are we covering today's episode? |
| 0:09.0 | Oh, we're covering points. |
| 0:11.0 | This brand new innovation, where we are issuing tokens on centralized |
| 0:15.7 | databases and it's this cool new thing that we're doing in this crypto world where |
| 0:20.6 | we are just reverting back to servers to issue numbers that are on your screen and it is |
| 0:28.8 | sweeping the crypto world and everyone's doing it, everyone's getting in on the points game. |
| 0:34.0 | Everyone's earning points, everyone's issuing points. |
| 0:36.0 | Points are just flying all over the place. |
| 0:38.0 | Do we know how many points there are? |
| 0:40.0 | No. Do we know what the total supply is? No. |
| 0:42.0 | Do we know what the monetary policy of these things are? |
| 0:44.3 | Absolutely not, but everyone loves them for some reason, even though they are completely |
| 0:48.8 | backwards to everything that we stand for in crypto. So what the hell is going on? |
| 0:54.6 | How did we find ourselves here? |
| 0:56.5 | Will these points actually turn into tokens? |
| 0:59.2 | What will the regulators say about it? |
| 1:01.3 | Overall, what's our take on points? |
| 1:04.0 | David, I gotta admit as we get into this episode, they just sound like worst tokens to me, okay? |
| 1:09.0 | Not even worse, just the worst possible form of a token. |
... |
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