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Dan Romero
@dwr.eth
Posit: Growing DAU is the hardest problem in crypto. That's why most founders / companies aren't focused on it. Someone else's problem to solve.
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andrew
@boop
IMO one early promise of crypto was using token incentives to bootstrap utility/app usage, but this can result in companies further along with less product discipline and less of a handle on how to generate organic DAU growth
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Dan Romero
@dwr.eth
Which has not worked. Tokens / incentives amplify baseline behavior. If you start with an unsustainable economic incentive, you are masking the baseline behavior, which may actually be non-existent once the incentives stop.
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Brian Smocovich
@bsmokes.eth
What if you use a token early on to instead specifically target and reward revenue generating behavior?
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chris 🎩
@ckurdziel.eth
Do you think crypto teams can “fix” the lack of baseline behavior? So many teams are adverse to hiring PMs (understandable) but the founders also have very limited product sense when it comes to this stuff…
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chris 🎩
@ckurdziel.eth
Yes. This x1000. I was surprised how many other crypto investors I met did not internalize this…
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Christian
@onchainchris.eth
100%. Seen this so many times with community building with projects doing a ton of giveaways (usdt/token), incentivising the "best ama question", etc. Take it all away and you are left with 0 organic activity.
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