nick pfp
nick
@gotu
Clanker works because players are profit-seeking monkeys. Every cycle is similar. There is information asymmetry that allows some people to frontrun the rest of the world. As the cycle progresses, tools pop up that distribute access to skills more evenly. Last cycle, only engineers and artists shipped NFTs. Later, tools became available up to roll your own NFT, saturating supply faster than new capital can enter. A small group made profits building memecoins. Clanker now distributes access.
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16 reactions

nick pfp
nick
@gotu
Information asymmetry bad. Building tools good.
1 reply
0 recast
1 reaction

zakhap.eth pfp
zakhap.eth
@zakhap
why is information asymmetry bad?
1 reply
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0 reaction