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jesse.base.eth 🔵
@jessepollak
My thesis on coins: 1. I think that all content is going to onchain. We've already started to see this with open editions, Farcaster, and more, but we're still at Day 1. I also think that over time the most composable, liquid way of "pricing" that content will be the one that wins out — this is because even if we don't want there to be, there is a market here. 2. I think ERC20s/tokens are an incredibly powerful building block for composability. They are also the "freest" / most liquid way of pricing assets. This means that they are accruing a huge amount of inertia around them and are instantly composable. This makes them a logical "endgame" for how content goes onchain. 3. The *problem* is that the mechanics around those coins are broken right now. Initial launches aren't priced right, there aren't positive sum ways for creators to capture value, there aren't "smart" ways for value to reaccruate to the tokens. This leads to bad outcomes. ...
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Push 🎩🤌🏻
@push-
Aight bro appreciate your point of view, but I still kinda feel like art and coins should be a bit more distant from each other. Might not be right tho, and this bring us to point 3. The greed is when eradicated, and I’m sure the vast majority of ppl collecting a zora nft rn are just patiently waiting for their exit liquidity to come in so they can leave. Feels good to see devs experimenting and building new ways for people to collect, but imho on a “human being” level we’re not ready yet for these tools
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