真爱一生

真爱一生

Exploring new on-chain reputation systems for the crypto industry At RabbitHole, our mission has always focused on redefining the world of crypto by emphasizing participation in cryptonetworks over mere investments. Over the past two years, we have explored reputation systems such as XP and on-chain credentials in our pursuit of this goal. Through these experiences, we have gained valuable insights. With XP, we found that the lack of scarcity and off-chain nature made standardization difficult, and its endless printing possibilities paralleled the actions of a central bank, contradicting our core principles. We then explored on-chain credentials, organizing them into categories like DeFi, DAOs, and NFTs. While this facilitated user onboarding into crypto, standardizing it as a reputation system to gauge user contributions proved difficult, as users were also engaged in activities beyond the credential framework. The key, we realized, was to focus on the earnings derived from active participation in crypto, rather than capital investments. This shift would create a level playing field and bring us closer to achieving a more accessible and merit-based crypto ecosystem.

Exploring new on-chain reputation systems for the crypto industry At RabbitHole, our mission has always focused on redefining the world of crypto by emphasizing participation in cryptonetworks over mere investments. Over the past two years, we have explored reputation systems such as XP and on-chain credentials in our pursuit of this goal. Through these experiences, we have gained valuable insights. With XP, we found that the lack of scarcity and off-chain nature made standardization difficult, and its endless printing possibilities paralleled the actions of a central bank, contradicting our core principles. We then explored on-chain credentials, organizing them into categories like DeFi, DAOs, and NFTs. While this facilitated user onboarding into crypto, standardizing it as a reputation system to gauge user contributions proved difficult, as users were also engaged in activities beyond the credential framework. The key, we realized, was to focus on the earnings derived from active participation in crypto, rather than capital investments. This shift would create a level playing field and bring us closer to achieving a more accessible and merit-based crypto ecosystem.