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@coopahtroopa.eth
Sold every FriendTech key I owned. Crazy how something can be the single biggest app in crypto a year ago to being a ghost town today. Goes to show that even if you have PMF one minute you can easily lose it the next. The fight continues! https://x.com/friendtech/status/1832581118165709140
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@dcposch.eth
All non-innovative cryptoassets (me-too alt coins circa 2011, fiverr whitepaper icos in 2017, <food>swaps in defi summer 2020, long tail NFTs in 2021, memecoins, ...) are zero sum & therefore temporary. For every person who makes $1m from one of these, 100 people lose $10k each. They get tired of that eventually.
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@coopahtroopa.eth
Can you define innovative cryptoassets? There must be a path to art/culture being positive sum. I refuse to believe that all onchain media is doomed to being zero sum but do agree with your analysis on why they have been temporary thus far 1000 $DEGEN
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