Product

Challenge: Polymarket, the most robust PMF ethereum app, is stuck at $100m OI and ~20k DAU.

Where does the next 10x come from?

Daimo Pay. Build once, distribute everywhere

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

Is it not PMF if you have 100M (assume) loyal liquidity? Thinking along the lines of 1000 true fans 

PMF isn’t always $B/$T outcomes.

If the question needs to be asked, it hasn't! Seriously -- Product/Market Fit means the market is pulling product out of the company faster than the company can make it -- it's unmistakable when it happens.

One heuristic for thinking about product-market fit

You've discovered a magic machine that turns 1) money 2) the time and effort of talented people into more money.

You literally can keep putting in money / time & effort and you get more money. It doesn't stop.

And the best magic machines even keep spitting out money even if you don't put more money or time & effort in.

Again, Polymarket is great.

1) Market makers? Are they paid?
2) What are the trading fees?

Related

Chasing Curiosity. People, Nature, Machines. Hakuna Matata, "Its a problem-free philosophy.”

Again, Polymarket is great.

1) Market makers? Are they paid?
2) What are the trading fees?

Related

https://warpcast.com/pmarca/0xaa98d2bb
https://warpcast.com/dwr.eth/0x40f8c7c3

high stakes storytelling | ex @polymarket

with that said:

it feels dissimisive + weird the way everyone in crypto acts about the letters “pmf”

Polymarket changed the world in a way that “making money” can’t rly capture which I think has an intangible value (disrupting legacy media is a big paradigm shift)

I’ll repeat Polymarket is great. Huge fan and believer. If the government wasn’t the blocker, I suspect there’s a clearer path to pmf

Changing the world is not pmf

The issue is startups and people in crypto don’t really experience pmf that often relative to other tech categories. I suspect because there’s way more money available. Weird category.