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@ewqeqwe

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At this point in time, I agree. However, I also think that people overlook markets once they get used to it. E.g. if you are ordering something on Amazon, you don't think about how the added GMV might impact their stock price. When you sign up for Netflix, you don't think about added subscription revenue the company is making, etc. Those markets exist and have been abstracted away. There's a new thing in crypto where the markets are 24/7 and revenues are onchain instead of a quarterly earnings report so this will take more time to abstract away but I think over time, people will similarly forget that a market exists and do what they have always done. This is not to say that a specific experiment like coining things will play out, very well might not, but just the fact that markets exist doesn't always mean that there is continuous cognitive overhead. A lot of that is novelty effect.

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ted (not lasso)

crypto underestimates the cognitive overload and monetization fatigue that comes with turning everything into a coin or a market the more financial decisions a user must actively make -> the higher the cognitive burden -> the lower the engagement, satisfaction, and trust this is well researched across digital apps

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going for szechuan dinner with @chaochaochao who wants dinner pics?

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Varun Srinivasan

What makes an account "inauthentic"? We're considering a new labelling system for inauthentic accounts. These accounts, often incorrectly called bots, will be hidden from like counts and other metrics in Warpcast. Inauthentic accounts give real people the ick because they're clearly trying to get value for their account at the expense of everyone else on the network.

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Happy Friday. Giving myself a sugar shock paid for by crypto (Shoutout @gnosispay)

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Just Because of $DEGEN My wallet quickly reached $200🚀🚀 Letsss Gooo 🎩💜 Hats On

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My contrarian take is that almost all of the following categories are sub-scale and can sustain 0–2 winners at best without a 100x expansion of their market: - Selling blockspace: L1s, L2s - Infra / dev tooling: proving, security, oracles, explorers, - All SaaS targeted towards crypto native companies: nodes, index, audit, analytics, raas

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I've come to increasingly believe that there are only two kinds of scale businesses that can hit escape velocity in crypto: 1. Trading supply chain tooling: exchanges, launchpads 2. Making a boring existing workflow faster: stablecoins literally everything else is TAM-constrained

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GM ~ BM Write code like it will live onchain forever — because it will. ;)

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BM. GM 💙🩵 Happy Friday

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