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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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Gloria
@gloriakexinwu
Very much agree with you. Anyone can spin a token now, but it needs to be anchored to something of value to stand out from the crowd. Proof of Commitment is also a type of reputation signals, what do you think? The thesis is the anchoring of the value is reputation. @ted @sahil
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