In this podcast episode, the concept of points as a new incentive primitive in the crypto world is extensively discussed. Points are redeemable for tokens in the future, creating a unique aspect and potential for speculation and airdrops to drive user adoption. They are viewed as a precursor to token airdrops and offer advantages for projects and users alike. However, concerns are raised regarding investor protection and utility in the context of points and developing regulations. Overall, the episode delves into the intricacies of points and tokens in the crypto space, exploring their implications for innovation, experimentation, and decentralization.