Lot of bad takes on CT re: the Base coin(s) yesterday

Feels like they are largely missing the point because many of them haven't really been paying attention, too focused on claiming that Base rugged (they didn't) when in reality some snipers got in for 25% of the supply early and them dumping + the second coin launch caused a massive selloff

I still find the contentcoin model to be broken and misaligned: good for creators because no downside and free money but really no upside for buyers which I think will lead to exhaustion

That's what I take issue with more than Base launching a bunch of coins (although I think that's odd too for a brand and they could've communicated it a lot better to avoid the situation)

I am all for experimentation and innovating on onchain models for creators, businesses, etc. but I do find it strange that Base is so insanely aligned with one company on this and are hellbent on pushing *that specific model* forward, acting almost as if they're the ones who invented and built it

/new-york by day 🗽 /untzuntz by night 😈 Fan of eating tacos and bringing people together, often at the same time 🌮

It's because base invested 50m in zora. They are trying to get their money back.