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When crypto promised to bank the unbanked, we probably didn’t imagine a million tokens fighting for attention on Twitter. Yet here we are, watching portfolios rise and fall based on which frog jpeg captures today’s mindshare.
The current token economy has become what we sought to escape: a zero-sum attention game where value comes from being louder, not better. But there’s another path emerging, one that returns to crypto’s original promise while recognizing a fundamental truth — most people will never buy Bitcoin, and they shouldn’t have to.
We’ve created over a million tokens, each demanding constant social media presence to maintain value. Teams spend more on Twitter engagement than development. Communities exhaust themselves shilling to protect their bags.
When token value depends on mindshare, holders become unpaid marketers. When success means others must fail, we’ve recreated Wall Street with extra steps. The math is brutal: if maintaining value requires 0.1% of crypto Twitter’s attention, only 1,000 tokens can survive. We already have a million.
What if value didn’t come from buying tokens but from being trusted?
Everyone has a trust network. Friends who’d lend you money. Colleagues who’d vouch for your skills. Local businesses that know you by name. These relationships have real economic value — we just haven’t tokenized them properly.
Vitalik mentioned this concept with quote:
Today, low-risk defi is often about enabling easier access to the USD. But most of us did not enter crypto to enable USD adoption. Hence, over time we can start moving the ecosystem toward other stable forms of value: basket currencies, “flatcoins” based directly on consumer price indices, “personal tokens”, etc. Both the low-risk defi we build today, and more experimental projects like Circles and the various “flatcoin” projects, are upstream of making this outcome more likely.
Personal tokens flip the script. Instead of buying your way into crypto, you earn through relationships. Instead of competing for global attention, you strengthen local connections. Instead of speculation, you build circulation.
Circles demonstrates this isn’t theoretical. Every person mints 1 CRC per hour — about 24 tokens daily. No ICO. No presale. No VCs. Just time and trust.
Your tokens gain value when others trust you. Not “trust” as clicking a button, but economic trust — accepting your currency for goods and services. The more people trust you, the more liquid your tokens become.
This follows the grassroots cryptocurrency framework where value emerges from social bonds rather than capital investment. A grandmother in Kenya participates equally with a developer in Berlin. Both create value through relationships, not wealth.
Memecoins create zero-sum games. For someone to win, others must lose. The last buyers hold the bags. Energy goes into PvP extraction.
Personal tokens create positive-sum games. When I strengthen my trust network, it doesn’t weaken yours. When my local community thrives, it doesn’t harm distant ones. When relationships deepen, everyone benefits.
This shift changes everything. Zero-sum games create anxiety and isolation. Positive-sum games create collaboration and connection. The game mechanics shape the social outcomes.
Personal tokens enable what crypto forgot: local economies.
Your neighborhood coffee shop could accept personal tokens from regulars. Your gym could reward members whose tokens show strong local trust. Your coworking space could facilitate connections, paid in member currencies.
This isn’t about replacing the dollar. It’s about supplementing it with trust-based currencies that strengthen communities. When AI agents accept these tokens as payment, they become economically aligned to strengthen rather than exploit human connections.
We’re at a crossroads. Continue the memecoin race to zero, fragmenting attention until all tokens become worthless noise. Or build something different.
Personal tokens aren’t just another token standard. They’re a return to crypto’s original vision: economic sovereignty for everyone, not just the wealthy. Banking the unbanked through trust, not capital.
Imagine your social capital becoming actual capital. Where strengthening relationships increases your economic power. Where local communities create their own economies without permission or investment.
This future doesn’t require everyone to buy crypto. It requires everyone to be human — to build relationships, maintain trust, contribute to communities. The tokens just make these natural behaviors economically valuable.
We have a million tokens competing for attention. What if we had a billion personal tokens strengthening connections? The math suddenly works. The value becomes real.
Your relationships are already valuable. Personal tokens just make that value liquid, programmable, and yours.
AmirMabhout
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