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I think its really hard to build a successful community, coin, startup, company regardless of the source of funding - public, private, the trust fund daddy left you
one thing I don't like about open markets is the bullshit that you get with them: people demanding all the silliest things, NOW. I don't mind the 99% of coins die part, thats normal
you get bullshit noise with private markets too - of a different kind. The game will always involve tuning out certain noise, tuning into others.
Open markets are very flawed, but they are honest. If you don't have a product, revenue, users, attention, jokes, organization, support, reach, charisma, its so over. death by a thousand sells - markets as a very thin wrapper around reality
there are a lot of privately funded projects on farcaster who have been working on the same problems that the >100 coin projects grinding for it are today. I use & support many of them, and if they fail I won't question the funding mechanism.
I'll just think: yep, its really hard! 12 replies
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