basil
@itsbasil
854 Following
16279 Followers
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defi summer was the embryonic stage; innovation flourished: ideas were abundant, infrastructure lagged behind & regulation did not exist
now infrastructure has improved & crypto has entered the scaling stage
ideas are no longer abundant; emergence has slowed: most of the competition today is recycled & retried ideas, simply now at-scale
this has led to a decline in innovation (ie. low differentiation) but an increase in competition alongside better regulation, which has ushered in an era of fragmentation
this is what we are currently seeing
as the market is captured, maturity is realized, fees are reduced & regulation stabilizes; we will enter an era of consolidation
this is on the horizon
once growth largely becomes m&a driven, there is little room for new ideas & ai will predominantly drive emerging solutions
this means, today, at the token level, if you want to future-proof your project, you must front run consolidation
this is best accomplished with a locked flywheel at the network level 3 replies
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i’ve given this some thought
judging by the comments on @ted’s cast, channels are clearly the biggest hurdle new users face here
i think the issue plays into spam; in feb, these channels were open to anyone, which resulted in a ton of useless noise, specifically during the rise of the bots
this led to channels getting gated, restricting everyone from posting unless they were invited by a mod & thus made a member
this means new users not only have to go search for the mod but have to reach out for an invite—which depending on the account, may end up in the mods spam DC folder anyway—never to be seen
the trade-off here is that channels are now much more curated at the expense of open discovery
i propose that channels be opened up again, especially now with the new spam tooling
yes, this will invite spam once again
to that end, i propose @jacek rewards mods with the 1M/week degen allocation, instead of coat tailing fc rewards 5 replies
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re: kaito
sell shaming is now encouraged on CT—another interesting development
while some of you may disagree, i never did that; but i have, in fact, called out & encouraged folks to be more thoughtful in their liquidations here given the size of our eco
again, im not delusional just a bit off; i understand the game we play & utilmatley, my words are worthless: people are going to do what they want
alas, sell shaming is no different than handing pitchforks to the mob & leaning into ai to do so is incredibly dumb & establishes a dangerous precedent (eg. praise or get scolded)
once again it shows that we will do anything besides creating positive-sum incentives & value-add systems (i know, i know, regulation)
end of the day, you can buy users but you cannot buy loyalty, you must create it—not yap it into existence
it’s not about preventing the sellers, it’s about positioning & crating value for the buyers
broken record here, but on a long enough timeline, attention goes where value flows 4 replies
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so you’re telling me when i say it, i lose my friends, but when you say it, it’s based
let it be known that when i say something, i stand behind it with my actions
i don’t hide behind circular wagmi sweet nothings, i don’t say one thing & then do another
many of you have become far too agreeable; what ever happened to integrity & critical thinking
sorry if my words are a little harsh for your liking but i say what needs to be said: not for likes, not for networking opps, but for the betterment of the eco & admittedly its cost me all too much: being the puppet, the hated
i implore you to challenge their word, but you won’t
we used to openly have hard discussions now we’re worried about losing business, not getting invited to some silly event, or losing $50 on a leaderboard
these are not the principles crypto was built on & these are not the principles crypto will succeed on
perhaps it’s time i fall in line & offer no differentiated opinion like everyone else 14 replies
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