Steve
@sdv.eth
https://warpcast.com/wanderloots.eth/0xfb4a2a5d
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jesse.base.eth 🔵
@jessepollak
isn't your example at the end a massive market inefficiency though? my taco is worthless while the art may have meaningful worth. can't we design systems that would help us make this market more accurate and therefore more rewarding for artists? my pushback on your line of reasoning is that it's indexing on the status quo cultural and market dynamics. who else will change the culture and market but us?
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Steve
@sdv.eth
The meaningful worth of the photo is completely flattened when it is valued financially, not subjectively. Traders get the most out of optimizing the market whereas creators just become race horses. And yes a lot of my argument is based on today's dynamics because they're built on an almost decade token standard! If we're talking about a new ERC1155 that's more ERC20 like, I'd be more open minded to imagine what could be possible. Taking what is being launched at face value, I haven't seen any real signs of progress, just a regression to what pump.fun hyper accelerated last year in hyperfinancializing any thing that may grab attention. Progress to me would look more like: - subscription minting, removing the friction of these 24h-to-mint attention games and just directly supporting artists I already (and heuristically) may like - a giant swap pool to freely exchange one "post" for another, given they're all priced the same at mint - better surface areas for showcasing and curating collectibles
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