warning: this is another hot garbage basil take

FT was DOA; if you’ve been around for a few years, this probably should have been obvious to you

socialfi biz model is literally “pay to make 100 firstmovers (so CT influencers) richer” 

its fundamentally a pyramid ponzu hiding behind new branding with new promises; it’s the very reason why people leave crypto & why so many others hate it 

they’ve been trying this same model since 2014; there was even ones on btc 

so word of caution to those who are tossing this onchain onlyfans idea around: its been done 10 times before & has failed every time 

(also can we pls stop investing in people just because they’re an “it” person on twitter…. and perhaps, invest in… good ideas?)

half-grown thoughts • summoning mmo /animarising ⚵

Socialfi is a recycled scam, beware of jumping on the bandwagon. Invest in substance, not hype