Core Insights - Vitalik Buterin argues that the failure of creator tokens is not due to insufficient incentives but rather the inability to effectively filter high-quality content [1] - The success of Substack is attributed to strong curation and subjective selection [1] - To avoid speculative cycles, Vitalik proposes using non-tokenized, strongly curated small creator DAOs as quality gatekeepers, transforming creator tokens into predictive tools for acceptance by quality DAOs, with a buyback and burn mechanism to anchor value [1]