Erik on Warpcast

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https://warpcast.com/~/channel/ted

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ted (not lasso) pfp

ted (not lasso)

strong opinion, somewhat strongly held: creatives don't want to create for "content traders" the word "trader" is inherently transactional — someone primarily seeking profit, optimizing for price movement without emotional or philosophical attachment to the asset itself idk a single creative who seeks that out

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jesse.base.eth 🔵 pfp

jesse.base.eth 🔵

I agree with this take — but I think it's a false equivalence to say that coining content == *creating for content traders* secondary markets have existed for all assets, forever. this is true with paintings, NFTs, and yes, coins. and creators/artists have created for a mix of themselves, their collectors, and yes, people who have bought and sold their pieces. there has always been an inherent tension between who one creates for. coining content is very stigmatized because it has been historically something that *has* been transactional. but people said the same thing about open edition mints. and they said the same thing about uploading videos on tiktok and instagram. the thesis is that coining can serve as a better distribution channel *and* a better monetization channel for creators. it can do this because it can flow more freely and more people can participate. i think it's reasonable to disagree on whether you think that happens — but let's have that conversation, not be anchored to stigma.

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right or wrong, it’s hard for me to get behind as both a creator and a collector, granted i think it’s important to understand what theoretically could have “value” in this new world - if it’s mostly artists, photographers, writers, etc that are having their “work/art” collected, it makes the most sense to allow them customization imo. a default can still exist per platform, yet as i share in the additional deeper thoughts below, i find the platform take rates unsustainable long term as a newer creator, i find that i sit in the middle of professional and everyday person, and the same feelings above apply to both for me personally all that said, experimentation rn is the most important thing we can be doing, i guess my mind leans toward why not have a default, with customization still allowed, and a take rate between 0-2% the beauty of markets is someone could create that mini app tm and test the distribution, it may be worth a shot more thoughts: https://warpcast.com/eriks/0x6f6972de

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lastly, when i think of ownership, i think of truly owning the art, not a fractionalized coin that represents the art, but this is just personal preference i don’t know what others lean towards

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a few more thoughts without creator buy in, the market won’t succeed, and yes creators act on incentive but they also act on their ethos - right now the messaging feels misaligned if there are enough collectors that incentives flourish, then creators will have no other choice but to participate distribution is king, yet i believe as of today its a strong creator eco that leads to a strong collector eco, not the other way around i cant help but think about the take rates in this world being worrisome tho, it’s better than anything we’ve had prior, but pushing for a strong network effect on a single platform could lead to adverse effects down the line i think what i value most is fc is staying platform neutral, and i hope base/cb wallet stays the same

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