Update: 
Starting marketcap on @zora is now $22 (~60x lower)

This includes:
+ Improving liquidity across the market
+ More expensive to snipe large amounts
+ More posts getting more volume (not just viral ones)

We'll keep working getting this as low and liquid as possible.

because very few pieces of content are worth that much money, so if you start that high you will have very bad price discovery on basically everything

Nope. Here's a different way to think about it:

We are creating markets to discover the true value of content. Most pieces of content are worth non-zero and not thousands of dollars.

So actually we need to get this as low as possible over time for efficient markets.

Poor take, should he the opposite imo will just get ppl sniping 5 bucks then dumping at a few K mc for $500+

could you explain how this improves liquidity and what have you learned so far with previous set?

One of these days I am going to launch a multimillion dollar coin 📈

Snipers should get the rope. Still mad about the same sniper in $fixthemoney and $baseisforeveryone who bought 6% percent of either coin within seconds of creation before anyone at Base tweeted anything. Felt very much like insider trading.

Snipers should get the rope. Still mad about the same sniper in $fixthemoney and $baseisforeveryone who bought 6% percent of either coin within seconds of creation before anyone at Base tweeted anything. Felt very much like insider trading. https://basescan.org/address/0x99eD4Eb1A2F9a43b47DcD1bf86A73BfCF170283E