ns
@nickysap
There appears to be a glass ceiling on all base tokens at 50MM. Can devs do something?
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Zach Davidson
@zd
Counter example = $DEGEN As the cost of creating tokens goes to zero more tokens get created. As more tokens get created attention becomes increasingly scarce. The more scarce attention becomes, the harder it is for anything to break through. Find the Lindy memes and prepare for everything else to go to zero.
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ns
@nickysap
Yeah pretty much agreed. I think there’s still a significant lack of liquidity on Base too, which makes it difficult for anything to really break thru. Solana degens have excessive liquidity from the massive upside SOL has seen recently. We haven’t seen a liquidity event like that on ETH yet this cycle.
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Zach Davidson
@zd
Yep, we agree on that. I think that supports the belief that the meme has to be Lindy in order to break out of that bubble.
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ns
@nickysap
Not me going down an infinitely deep rabbit hole on the origins of the Lindy Effect and related phenomena
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Zach Davidson
@zd
You might like Paul Skallas’ blog - though the term Lindy comes from Nassim Taleb, Paul is known online as “the Lindy Man” I’m a paying subscriber https://lindynewsletter.beehiiv.com/
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