basil (recession arc)
@itsbasil
i’m tired boss what is a success? is a success the creator makes a few thousand dollars in early fees, their collectors get burned, and their token fades into obscurity as early trades extract/exit? collectors are happy i’m sure fine, then what’s the plan for future monetization? they’ll tell you launch a new one; burn more people — that is what every launcher is; they’ll call that innovation it’s the same for clanker, pump, zora, etc. — they all do the same thing; they deploy a memecoin that captures temporary exuberance — nothing more, nothing less; any attempted rebranding is taken as a grift fundamentally, they WILL ALWAYS collapse because that is how the system is designed, particularly for apps that have no network effects or distribution hooks we’ve seen this play out endlessly for half of a decade now; so why are we still blaming the creators? what’s our advice? now it’s financially engineer & fabricate demand? buy & burns? become a CTO? anything but create /newsystems
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J Finn 🎩
@jdotfinn
what happened to the whole 'revenue coin' set of ideas? one token and use it to drive revenue that can be reported on, effectively ... I feel that the reason it hasn't happened yet is because building a token with that design would qualify it as a security, so nobody will do it in the US. Maybe regulatory clarity on the space is what is needed to change the paradigm
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basil (recession arc)
@itsbasil
where there’s a will
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