df
@df
context on a token is often private even after token is already public this is the way that friends have upside while still presenting a fair launch to the outside I think a problem with Larry is that some context is inherently public; or understood by actors who are not aligned; they are simply participating to arbitrage the market on this context, and sell as soon as the context is more widely known
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Meme
@0xmemeking
This sounds more like a feature. The fun part of social-fi is that everyone can trade based on their own understanding of the current social graph. Since everyone views the social graph from different angles, they might all think they're arbitraging others. For example: Account A has diamond hands and likes to increase positions - I would choose to participate in the launch, buy a bit more, then sell to him on the open market. Account B has paper hands - I would choose to dump after opening to make him sell, then increase my position afterward. But Account A might think I'm Account B. This is how an active market emerges. The more people who think they can arbitrage others, the more customers you'll attract.
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@0xmemeking
If only let aligned friends participate, then this product just becomes a public Party Round. The product's growth model is limited to invitations between friends, which expands slowly. if retail can only buy on the public market, this is equivalent to a clunker token being promoted by influencers for a round before launch- retail will get crushed by snipers dumping.
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