Dan Romero
@dwr.eth
On the market 1. This is targeted for people building. I'm not a trader and have no point of view on prices beyond crypto has yet to be uncorrelated with risk assets. Bitcoin may showing some signs but unclear. 2. The fundamental building blocks continue to improve. 7702 is shipping soon and will unlock a bunch of wallet innovation, e.g. subsidized gas fees. There are also several new EVM chains like MegaETH and Monad that will be coming to market. Block space will continue to get cheaper. Analogy here is excess broadband build out post dot-com bubble leading to YouTube, web2, etc. 3. Regulatory progress is happening. Last week the SEC publicly said stablecoins are not securities, the STABLE Act is working its way through Congress. After that gets passed, market structure (the more important bill imo) is next. If both bills are passed by the end of the year, this will inevitably lead to more high-quality teams building new products / protocols that are able to use a token to bootstrap.
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Dan Romero
@dwr.eth
4. The biggest challenges for builders: managing psychology and lack of new consumers in crypto. This is tied to prices right now, but optimistically better infra and regulatory will increasingly mean the ability to build new experiences with crypto (likely abstracted away / "under the hood") are independent of prices. 5. Funding is tricky sense most investors are looking for traction and that's hard to come by (always is, but especially right now). My advice to anyone fundraising for the first time is focus on getting to your first 1000 users (Farcaster at today's scale is useful for that) and focus on depth of engagement. If you're an existing company that needs to raise in the next 12 months, consider how to reduce burn (unless you have strong metrics). Ultimately, the market conditions can change quickly, so being nimble with roadmaps and spend is an advantage (as it always is as a startup).
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Colin Johnson 💭
@cojo.eth
Do you think using a token to bootstrap is actually risky right now, or is just perceived as risky by potential top talent?
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max 🎩🚂
@baseddesigner.eth
I think major adoption will happen when we stop talking about chains like we don't talk about server types and database providers as often as we do about the first 7702 is a big step into that direction
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heet.eth
@tike
the only way launching a token works is if you sell at peak; you’re going to see a 90% drawdown on launch day (because nobody else cares that it’s your startup’s survival money)
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Kaloh
@kaloh
What are your thoughts on launching a token to bootstrap today? If you hadn’t gotten access to capital early on with FC, do you think you would’ve gone that route in today’s environment?
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Ashwinikumar
@ashwini
Builders rose in the lowest of P/A markets and continued despite the markets and now the motivation is more than ever, so yeah builders will continue to ship while everything else settles.
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Roni_travis🎭Ⓜ️🎩✨
@mfa
No doubt this is an excellent explanation.
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FarcasterMarketing
@quillingqualia.eth
@clanker launch $Astrology
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Ekondu~The famous Guy
@ekondu.eth
✨✨✨❤️❤️ thanks for this!!!
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Stuphs
@stuphscrypton
Yeah, same here, more builder than trader. 7702, new EVMs, and cheaper block space are all super promising. If regs keep moving, we’re in a good spot.
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