midwits

re: jelly 

users != holders 

capitalizing via a token is one thing, using a token to vampire is another, but using a token purely as a marketing or distribution stunt will always fail, especially if your product isn’t native or inherently financial 

i’m not sure why we think in crypto that our users are our token holders

outside of the occasional holding requirement, almost none of our tokens have any intrinsic value or utility

they’re speculative shitcoins—they attract gamblers unless you give investors a reason to take a look

do you think the holders of mcdonald’s stock eat mcdonald’s regularly? not unless your sick like warren, they certainly do not

they’re not holding the stock because they enjoy the happy meals 

these are two very different groups of people that want different things 

failing to distinguish between the two will lead to token collapse every time

yappin in /midwits & creating idle rpg /animarising

not sure how a founder could look out at the current regulatory environment, see coins ripping and think: "I'll use this purely as a marketing stunt" 

corny af