colfax on Warpcast

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colfax pfp

hoping to receive network perspectives regarding @highersolana. writing to understand, not sure where this goes. share your opinions pls transparency -> i bought a bunch [addy: colfax.sol] [without selling any of my base $higher btw] there's been a lot of conversation of late about higher token price - also lack of money/funding/attention. solana has come up countless times as a potential solution to attention. is there potential for this to be meaningful to current $higher holders? thesis is simple: tap into attention/liquidity on solana. you buy solana coin low. you sell solana coin high. you have more money. don't sell your base higher. move on im not endorsing this specific coin, only because idk who's behind it. burns and account activity are instilling confidence but can't say you should trust this. [cont. ↓]

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colfax pfp

sol isn't my personal favorite answer to the concerns regarding attention etc. - far from it. but we prob all agree solana has more attention, mindshare, and liquidity. im outwardly not a fan of funding by utilizing zero sum mechanics, but look around. base $higher is no different if we're talking motivation for number go up. folks are debating [with validity] the concept of dilution with the launch of a coin on solana. thoughts? i haven't sold any of my $higher to buy into this coin on solana. i also wouldn't sell any of my $higher to buy into a different coin on solana. am i an outlier here? im leaning towards something higher aligned on solana being a net positive - this coin or something else, doesn't matter to me. hoping to hear some various opinions on the topic. ily

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madlog↑c pfp

initial gut check feels more like a vamp than positive sum, but, anyone can do anything so it's cool to do whatever. there is already an older $higher on solana, higher mc but seems to be very cocaine focused lol.. this new one is copypasting base higher assets so we like it? i just tried to buy a few bucks bc why not: tx failed and ate my sol 🥲 probably not cool to say it but i just dislike solana argh

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colfax pfp

good take. yeah i've seen that other coin. definitely a drug coin hahaha don't think that was from our network. seems like thesis is simply directing sol attention to og higher media. not opposed to that whats your sol addy lol

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Jason pfp

To me this feels like vamp if literally no one that originally launched this on Base helped do the same on Solana

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colfax pfp

interesting. could vamp not be replaced by the word headless here in a higher aligned way?

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Jason pfp

I mean it can, but so far it’s looked like vamp - carbon copy of visuals but on Solana coin (fine technically since cco) - target existing higher on base ecosystem - no mention of this headless intent (to my knowledge)

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does vamp mean dilution? [tbh idk only heard it recently] -i agree with this, definitely could be a cooler approach than just same same. -seems to make sense to do this so base/og higher can enter early -i guess i meant headless more so as it could be better that its not the og crew launching things again, network acting independent from 'leaders'

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Don’t get me wrong. I agree if done right. I think at the heart of being a “vamp” coming from the root of “vampire”, it’s sucking the attention directly without attempting to be additive At least from what I’ve seen so far. I’d love to see more counter examples to see efforts that are more outward focused, but its just not felt right up through this point

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word, vamp makes sense now ty lol. attention being the valuable asset, i agree with this. question to yet be proven is does this approach add or take away from the current attention? not sure. currently, attention from folks that aren't already balls deep in the network is nonexistent. would you launch a different sol coin? or just focus on base network? tho funding aspect has been a roadblock for many

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madlog↑c pfp

sushiswap is the classic vamp attack example: they forked uniswap code, offered bonus liq mining incentives to steal users, drained billions in liq from uniswap within a few weeks this isn't a textbook vamp because the solana actor appears to be higher-aligned and plans to offer rewards to og $higher holders, BUT the brand and the token are two different things. while the solana copy could grow network participants/devs, and headless/cc0 nature of higher makes it fine to experiment, it's the new token itself that is troublesome to me, instead of building a bridge to expand crosschain (which would clearly benefit the og token), **the new token exists in a separate economic silo**, making them competitors for liquidity and market cap. now they will compete for attention, and likely create confusion and fragment resources it could be +EV if played correctly, but given og $higher's infancy the timing feels too early

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