horsefacts on Farcaster

horsefacts pfp

@horsefacts.eth

off the dome, one Coin per creator seems better than one Coin per content. (each content could be priced in terms of CreatorCoin). except for the fact that this is less like a memecoin and more like a s*curity, why is this a worse model?

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johnsterlaccii pfp

the more gravity a coin is perceived to have, the more hesitant creators are to launch it

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Joshua Salles pfp

You mean like if I were to buy @horsefacts.eth coin, any content you create is attached to that coin? 🧐 At first I read it as, instead of 10 million coins for example just 1 coin that is broken up lmao I haven't slept well 🫠

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Cameron Armstrong pfp

Cameron Armstrong

I’ve done so many hours of user research here and fundamentally almost every serious creator doesn’t want to: 1. Have their body of work (and career) tied to an extremely fickle, arbitrary number 2. Lose their sense of self worth in the aggressive financialization of their every move 3. Scam their true fans (even accidentally) For the vast majority artists and makers, launching a coin is ALWAYS serious bc it’s tied to their reputation (which is basically all they have bc they have no money) and most of their fans aren’t degenerate gamblers so they cannot and will not understand why number go up and down so much and so fast. Number can’t go up rationally without being tied to a stream of cash flows. That is fundamentally a security. Everything else is the fever dream playland of (who I affectionately call) the mentally ill.

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basil (propagation arc) pfp

basil (propagation arc)

horse guy is effectively recasting my entire feed at this point not recasting the casts, but recasting the creator (c wut i did there) you would love my creator model; this, exactly as you have it here, is one piece of it (mostly just looks like always sunny conspiracy meme, but still)

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max ↑ pfp

@baseddesigner.eth

why not both? maybe you can have a higher level token, not specifically tied to your persona but a memecoin/project you're working on and other posts are not tokens unless you expicitly specify it and could be tied to that main token

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grunt.eth pfp

https://warpcast.com/trish/0x4c3a7c98

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cody pfp

this has been attempted a few times w/ friendtech/bitclout and seems to always crash out in a similar way. users sell their token, backers then want them to spend every waking moment pumping that token, but they don't (or pump effort doesn't work) and then everyone gets mad.

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Stuart pfp

Idk if that counts as a security or not but a couple thoughts, first securities only being available to millionaires is an obsolete model, if it's a good system for them maybe it's good for everyone. Second, it's kinda what Clanker ends up doing a lot of times, someone's biggest Clanker just becomes a way to share in the potential success of the person or team behind it, obviously informally and without any sort of investment guarantees or anything like a security just a social memecoin.

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kompreni 🚂 pfp

in crypto, just like in vc, people like feeling early. once you lose that perception, you lose your holder base.

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Trish🫧 pfp

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Kieran Daniels pfp

Or just use an NFT, nft collection, or fractionalized nft. One of the oldest smart contracts for a reason.

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pol pfp

I've been thinking about a model where it's still one coin per content but if you bought & held previous tokens from this creator you get airdropped a percentage of the new coin (maybe with vesting). Pretty sure there are flaws that I don't see rn but could bring the best of both worlds!

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Callum Wanderloots ✨ pfp

Callum Wanderloots ✨

@wanderloots.eth

I’ve been thinking this for a while, though moxie tried it for creator tokens and that kind of tanked too. I think there’s a place for both, but there needs to be more strategy for /content basis

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🎀 sonya (in theory) 🐰 pfp

🎀 sonya (in theory) 🐰

@sonyasupposedly

it's only a worse model if you monetize through tx fees... which they do, which is really the underlying explanation for all of this

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𒂭_𒂭 pfp

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grunt.eth pfp

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Konohime pfp

Social token revival? ^^ Roll if I remember correctly

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Uneeb Agha pfp

tbh i think the only token that is worth anything is a narrative token. u align w the narrative. put your money your mouth is. else gtfo. whoever is right is rewarded.

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bchow pfp

I’ve been toying with an idea that overlaps with this one! How is your idea different from a creator token like $MOTHER or $FLOCKA? (if it does)

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