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Linda Xie pfp
Linda Xie
@linda
Something dangerous I've seen over the years in crypto that I'm extra cautious of is founders confusing mass airdrop farming with signs of product market fit (most dangerous in a bull market). They start optimizing roadmap and hiring around the influx of inorganic activity and can get screwed once it inevitably passes
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greg pfp
greg
@gregfromstl
And the worst part is many big names in the space legitimately believe it’s PMF.
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albert pfp
albert
@thatguyintech
felt this a bit while building @alchemyplatform's university program people were farming our Proof of Knowledge tutorial badges 😮‍💨
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Coop pfp
Coop
@coopahtroopa.eth
A tale as old as time. And one that will repeated many more times this cycle! Love these observations - keep em coming!! 5000 $DEGEN
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web3Gurung
@web3gurung
I've pretty much only seen this, but never felt it in first hand experience - lucky in that way.
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SP
@simonapop
It’s the focus on short term that plagues us. A shift in thinking and intention is what is collectively needed
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kaito
@kaito
very true, I wonder how many actually confuse the two vs ignore reality because number go up is so alluring or there’s external pressure (competition, investors) to keep up with inorganic growth of other players
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Ben
@benbassler.eth
seen this so many times
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Irina Liakh 🎩 pfp
Irina Liakh 🎩
@irinaliakh
💯💯💯 997 $degen
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Arti Villa pfp
Arti Villa
@artivilla.eth
Yep but a lot of chains required security and incentives for hiring. How would you build Solana without a token? Eigenlayer is going to bring the best of both worlds. I’d setup a points program or a portion of tokens although giving up equity to farmers certainly has its consequences.
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Danilo
@danicerullo
Rather start with a handful of power users and solve a problem for them. Create the best experience possible for them and make it so good that they recommend it to 10 friends. Continue this way until you have 100 users who love and use your product.
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Nonso
@nonsowrites
I do not think that's the case. Most of the supposed "founders" do not have great products and depend on the hype around airdropping their tokens to raise capital. Most founders do not take responsibility for their failures, that is the problem with this space.
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Capitulation
@capitulation
With so many projects being deliberately designing to attract the airdrop farmers I don’t see think any founders are innocently confused…that’s the incentive wheel. It brings fees and attention so numba goes up [whether there is a token or not]
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mediaquest
@mdqst
Perhaps these are newcomers who have not seen previous cycles.
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Muhammad Imam Kurniawan
@cryptolution
$DEGEN Safu
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adnum
@adnum
Could not agree more 420 $degen
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El padrino
@itsdeo
Just keep going
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Charlota
@0xcharlota
☝️this!
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Taylor Sizemore
@taylorsizemore.eth
Too real
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kiwi.base.eth
@kiwi-eth
this is incredibly common - also happens to NFT launches because of how attention works - projects get a ton of attention suddenly and try to adjust to it but then it slowly leaves anyways because of market conditions
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