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ted (not lasso)
@ted
half-baked thoughts on current FC memecoin mania (of which i am a passive participant): the key difference b/w what's going on here vs pump.fun / X is our access and exposure; we get to be early and early more often because AI has made it easy for anyone to spin up a memecoin and get distribution all-in-one. more early access = more wealth, so ofc it will be embraced esp by those getting early access; there are still in vs out group dynamics. otherwise, its the same primitive (casino) just with enhanced features that improve trading efficiency; the built-in social context makes us trade more quickly and confidently bc we save time not switching from tiktok to X to pump.fun, verifying social handles, etc. degen and anon are most interesting to me due to their application (innovation; social tipping + zk account access) and integration (growth hack). note both were airdropped based on proof of commitment: degen for early active FC users, anon for supercast paid users. these are exceptions, not the norm.
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ted (not lasso)
@ted
TLDR: nothing is net new, just a better UX for FC users.
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Garrett
@garrett
launching coins within an embedded social context is net new imo it’s the clear feature improvement over pump that changes the dynamics slightly where it’s easier to understand and get involved as a user
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ted (not lasso)
@ted
embedded social context is the same kind of net new that infinite scroll was the concept itself isn't "net new" given social context has always been part of memecoins, eg input social handles on dexscreener. but FC's interoperability standardizes the UX and makes it more efficient
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Garrett
@garrett
its net new as a feature of a token launcher implementation matters. just bc it isn’t “net new” in a broader sense doesn’t make it any less innovative or impactful when it’s applied to a particular product
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ted (not lasso)
@ted
no one is arguing that it is less innovative or impactful?
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Garrett
@garrett
Emphasizing that something isn’t “net new” makes it seem that way idk maybe that’s just how i perceived it but we’re agreeing!
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ted (not lasso)
@ted
yes i did emphasize that but i also said it is better UX (which implies it is directly impactful) and compared it to infinite scroll (which is considered an innovation now adopted across all social apps). don't miss the positive by looking for the negative
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