basil (recession arc) on Warpcast

basil (recession arc) pfp

basil (recession arc)

to tokenize everything is to tokenize nothing & simultaneously to dilute everything fundamentally, value is scarce; attention is scarce; liquidity is scarce you cannot accrue sustainable long-term value in any meaningful way in a completely lateral, fully tokenized system—it will leak; outflows will outpace inflows you will only welcome incremental volatility & disproportionately increase the amount of everyday losers relative to structured markets there is no consumer protection or provisioning in this system; meaning more consumers will lose in this system than in current models, which are already flawed as is the only people who fully stand behind this ideological agenda of tokenism are the teams who own the launchers, chains, dexs, vcs and the other intermediaries this is telling… there is no PURE consumer on the other side of this debate; it’s just business it’s like watching a train fly by that has lost its breaks; we fight the inevitable because it’s heading towards disaster

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basil (recession arc) pfp

basil (recession arc)

to look at the current & historical state of the crypto market over the last few years & think “yeah more tokens will fix this” is truly bewildering if i’m being honest

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basil (recession arc) pfp

basil (recession arc)

exhibit a https://warpcast.com/suhailkakar/0x1095a663

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0xmons pfp

Good pt that the proponents seem to be the ones who stand to benefit I will try to steelman this later today One thing i could imagine proponents saying is we need to tokenize more things because good tokens are hard to come by, or the best tokens are yet to be tokenized So there could be some belief that mass tokenization uncovers or creates high quality assets in the long tail Whether this is true or worth the collateral damage ofc is another question

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Steve pfp

We must appease the shareholders at all costs

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Reid DeRamus pfp

What do you think is the best way for artists, writers, podcasters, etc. to get paid for their work? We're having a hard time helping writers earn a reliable income under the open edition NFT model. Would love any ideas or feedback.

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𝑶𝒕𝒕𝒊🎩🌊 pfp

𝑶𝒕𝒕𝒊🎩🌊

yes: the only ones cheerleading this paradigm are those with equity stakes in the infrastructure. They’re not wrong to pursue business goals—but it’s dishonest to sell that as liberation or inclusion. There’s no “user-first” here, just user flow—and the exit liquidity is always retail.

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heet.eth pfp

hard agree. written well. we keep discussing building a fc client w tokens & the heart every now n then. this explains the meta point of failure.

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artlu 🎩 pfp

Z O R A was supposed to empower artists

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aferg pfp

Markey economy > Market society. When everything has a price and liquidity, nothing has value or is valued

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borst pfp

The story keeps repeating itself. We have already done this by profitizing everything we could in this world, and it has done nothing but make it worse and make us suffer more. the global economy/welfare is shit. If we don't learn from the past, we will just keep making the same mistakes over and over again.

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Rafaello pfp

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