onchainomics

Some reflections, not necessarily related to this Bloomberg podcast or Jesse's views.

The positive feedback loop would be like this:
Strong incentives (prioritizing both infrastructure and content creators) → Social networking → Consumer engagement → Enhanced incentives

Think of it this way: 

- The supply side, creators stay engaged when they're properly incentivized. These incentives include creative freedom, community innovation, and of course, monetary rewards - all of which are crucial factors.

- The consumer side, it's quality content that drives consumer product development, which then leads to mass adoption. This isn't a chicken-and-egg problem; we can't expect consumers to sift through mountains of low-quality content onchain to find gems. The supply side must lead: first, great content moves on-chain (driven by the superior creator economy that initially attracts creators), then consumers follow with their engagement.

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