Black Dave

Feeling very "coin on @zora AND mint on @manifoldxyz" lately.

One side for people who wanna gamble on my content in their own favor, another side for people who wanna support me directly.

Aspiring Gundam pilot •
Sharing my thoughts at /blackdave •
Bringing people together at @projectpharos

Based on the data, it looks like a lot of people on Zora buy & hold — do you think some of the folks buying coins are doing so just to support?

Very possible buyers are holding bc they can't sell for a profit...

Yes but creators make very little form the purchase of a coin (a % of trading fees), so if you’re not gonna sell, you may as well give the artist the full investment you made & support the artist directly

Yep, super interesting... I was thinking that while the creator wouldn't make much from the purchase of a coin, they would (theoretically) realize value in the price of the coin going up... 

But I guess to realize that value, the creator would have to be able to *sell* at a higher price, and be comfortable selling coins for their own work.

If coins were more than an attention game, I would agree.
But wouldn't it be best to have a single coin that represents an artist overall than a coin for each individual thing they did in that case?

Then if the artist's profile increases, there's a single point it feeds into instead of being at the mercy of each release

/cal 

Photographer, Artist, Web3 Educator, IP Lawyer, Patent Agent, Explorer 📸⛰️✨ 

 Building /flowcast with /mindfulness 🌊

https://wanderloots.com/links

We're definitely trying to figure it out!

To start, we need to get to a spot where we can get reliable signal on new ideas in a quick & cheap way. 

Some things we've discussed:

- Enabling coins at the publication-level (something like a creator token). Could be a nice alternative to paid subscriptions or NFT memberships. It could be cool to let people "invest" in a recently launched publication, or a writer they really enjoy that's just getting started. There's some interesting cases where writers cap the number of subscribers / members in web2 world, either directly (e.g., 10,000 email list max) or indirectly (e.g., set a really high price to keep paid subs down) — it's interesting to think about whether you could cap members based on coin issuance, and whether you could create a market around membership (similar to some private clubs IRL).

Couple more ideas below...

A million percent. One of the risks I see with post-level coins is the amount of decision-making friction it introduces.

Spot on! As the token progresses everything has a heavier feel to it despite being the same thing you’ve always done. Especially if your creator token were to take off. 

It’s tough to figure out what’s best

A million percent. One of the risks I see with post-level coins is the amount of decision-making friction it introduces.

https://warpcast.com/reidtandy/0xd09604ef