What bugs me about the Base/content coin stuff is that it leans into the idea that going viral and getting rich will bring normies into crypto. But all it really does is reinforce the belief that crypto is a scam.

Money isn’t the hook that’s gonna win the masses

Software Engineer @ Cadence Design Systems. B4: Stanford EE / Illinois ECE

Ex-VC. I like making bread (literally and figuratively) 

Its really tough. The issue is for the past 10 years, unless you did a hard STEM and worked for or started a tech company, the only way to get rich is becoming an internet celebrity for the majority of people. Its pretty much statistically impossible to dig yourself out of a hole any other way. The internet empowered youth from anywhere to start a channel and capture advertising dollars.

As stated by @dfern.eth , the web2 model for this is far worse in terms of take rates and arguably a worse scam, so are we wrong for optimizing for this when this is what the current crop of internet youth actually want?

I’m not saying Web2 models are good or that people should be fine with Zuck monetizing their content. But crypto keeps assuming people will care…and people don’t.

Fixing “broken” Web2 models isn’t enough if no one’s asking for the fix. Crypto needs a new value prop that actually resonates