growth

As soon as you pay users to do something or introduce the expectation of financial return throw all your retention metrics out the window.

thot leadership at /opacity --
host of vibe check podcast 
▶️ https://pods.media/vibe-check
❄️ icebreaker.xyz/dawufi

⚡️ Buiding /fuul (a16z CSX), the affiliate marketing protocol
🎓 @MIT

100% my take on this. 

The value prop gets you the attention. 
Incentives nudges them to try it out. 

How well your product fulfills that value prop + delivers on the incentive will determine the retention.

if your only value prop for people to come use your product is getting paid or speculating in getting paid later in time - then the above is true always

unfortunately that's the case with most crypto protocols/apps, but doesn't to be that way

incentives -> user acquisition
product -> retention

Agreed unless there is a cross/down stream service or solution they offer to another ‘customer type’ in your ecosystem that brings back revenue. This one popped back up in my mind recently from a @web3pm post last year.

Identity and math

Co-founder at @icebreaker

icbk.me/web3pm.fc

Here for 'Proof of' tokenisation and on-chain Commerce.📈 /growth at poap.xyz I 🟪 /purple DAO 🦁 @safary mod for /london + /poap

This is why I'm bearish on points and token dumbness for aspiring consumer crypto applications

It's a take that VCs don't like but unfortunately it's true

It's a consequence of motivation crowding theory and hardcoded into our biological OSes
https://en.wikipedia.org/wiki/Motivation_crowding_theory

Banger paragraph. 

But that's not paying users. That's basically paying for referrals and no one cares about referral retention except MLMs

Agreed unless there is a cross/down stream service or solution they offer to another ‘customer type’ in your ecosystem that brings back revenue. This one popped back up in my mind recently from a @web3pm post last year. https://mirror.xyz/icebreakerlabs.eth/xDKxKWdxiBn7waxTq9o-LaQi2UhkSO1g3xrqJRtft3Y

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

but defi summer told me liquidity mining is good?

Think what's needed are intrinsic incentives & not exit promoting primitives such as tokens. 

Working on stuff around vesting, slashing mechanics etc. to solve this.