Replying to Avatar Open Collective

There is more than bitcoin and zaps (as much as we absolutely love them).

Communities need to issue their own tokens to reward other types of contributions.

Yes those tokens are not worth much outside of the communities that create and use them.

Yes Bitcoin is “better money”. But that’s not the point.

We don’t need to replace the monoculture of a single fiat currency with the monoculture of a single crypto currency.

We need a permaculture of currencies.

We need Bitcoin. We need Ethereum. We need everyone.
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the axiom 8mo ago

you don't need ethereum to issue a community token

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Open Collective 7mo ago

You are absolutely right.

You also don’t need Wordpress to start a blog.

The main reason to use a Ethereum for a community token is sharing a common open infrastructure to record transactions and —as a result— being able to tap into a large community of developers and apps that can interoperate.

Could Nostr be used to issue a community currency? I guess you could record the state of an ERC20 as a Nostr note. It wouldn’t be decentralized though as a single nsec would control the state.

What other ways are you thinking of?