No Channel Channel.

def an interesting take

what's worse, memecoins that transparently promise nothing, or governance tokens that promise influence but in practice are not very useful?

def an interesting take

what's worse, memecoins that transparently promise nothing, or governance tokens that promise influence but in practice are not very useful?

https://twitter.com/_tolks/status/1801087140677218610

intersubjective mechanism design @ poidh.xyz - come chill /poidh + follow @poidhbot

iirc, this is mansion reference is for the founders of two distinct defi protocols.

let's face it, both are a pretty crappy options. in either case the game is rigged to not be one where there's multiple stages & accidental discoveries.

how harmful is demoralization to you?

𝖒𝖆𝖓𝖉𝖆𝖙𝖚𝖒 𝖆𝖉 𝖆𝖘𝖙𝖗𝖆

you're not wrong, governance has typically receded to better understanding. I just think that maybe there is a crucial need for decentralized stables & curve was effective, early, & memetically active. 

one could argue the macro, so if we apply memecoins, to what end?

I actually consider the memecoin option fine because it's transparent

the promise is speculation, and they deliver on that speculation

promising governance and higher-minded goals ropes in gullible investors though, and that's treacherous when the real goal is leveraging coins to buy yourself mansions