Content coins will work if you get people to post them with sufficient quantity and frequency.

Until then, there will be a lot of push back. But the only way through is posting more.

Swap "being cool" with "established coin norms" and "being cringe" with "creating more coins".

when everything becomes a token, nothing has value; this fundamental truth has been ignored & the fallout is now making its way to x 

1) excessive tokenization creates a mirage of opportunity while actually destroying ecosystem value. when we fragment liquidity across thousands of micro-tokens, each new addition doesn't expand the pie—it merely slices it thinner. attention remains finite; liquidity remains finite; but tokens multiply endlessly

2) the math simply doesn't work. in a hyper-tokenized environment, capital continually flows toward novelty, creating temporary spikes followed by inevitable crashes. you can say "normal market efficiency" but the system generates far more losers than winners by design, not by accident

3) "direct monetization" sounds empowering but masks a brutal reality: without substantial existing audience, discovery becomes nearly impossible in a sea of tokens. creators with smaller followings face worse odds than in traditional systems, not better ones

easier to say content coins will work when you don't trade to make money

but people in the "trenches" (which happens to be most of CT) are trading to try and make money

@itsbasil sums it up pretty well that content coins can lead too much liquidity fracture

considerably unserious // building idle rpg /animarising

easier to say content coins will work when you don't trade to make money

but people in the "trenches" (which happens to be most of CT) are trading to try and make money

@itsbasil sums it up pretty well that content coins can lead too much liquidity fracture

https://warpcast.com/itsbasil/0x5c375643

building @revealcam @alfaca @offmarket @perl | alum South Park Commons | previously cofounder SBLY.com, eng at Stripe | peter-kim.com

I suspect there's an iteration of the model similar to how pump was successful with their bonding curve to graduation.

My hunch is the right model is:

1. Initially it's collecting
2. If you collect enough, you graduate to a coin (reflecting the attention garnered)
3. And most importantly, people know the rules of the game
4. Ultimately, most attention markets are very short-lived; durable ones are rare.

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

Zora tried this with wow/dream — before this version. Would be helpful to see a long form reflection by @jacob on the various experiments over the past year. Curious to know what he’s learned along the way (or if this has already been written please point me to it).