Richard Kim

@rkim

54 Following

67 Followers

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https://galaxyrtk.substack.com/p/reflections-on-community amid this memecoin mania, it's probably a good time for people to revisit some of @rkim's articles design your community intentionally and think deeply about the behaviours you're trying to incentivise

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Buying people is the best ponzi In fact I now own you.

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"Great ideas come from great input into your mind and senses. Living a full life—full of curiosity, interesting people, places, thoughts, and events—is the starting point to being a person full of ideas."

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it takes a connoisseur of the world to intuit the fine line between hipster and ghetto

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People don’t have ideas, ideas have people

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Kuala lumpur starting to feel like that video game you already played over and over and over again

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Somehow that strange mix of law, markets, finance, crypto, gaming and gambling all culminated in this moment, this opportunity, and this realization: We have two lives, and the second begins when we realize we only have one. ~ Confucius

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For such crazy ambitions, you can probably count on one hand the number of people who have the specific knowledge, experience and resolve to build a 100% ecosystem owned digital co-op for social stakes without getting into trouble.

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People love to gamble, and if not provided a healthy outlet for their proclivities, they will turn to darker outlets. Our approach is to accept human nature for what it is, and build a better mousetrap: remove the poison of house edge, socialize the downside and the upside, and make betting better together.

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As with the tobacco industry, there is a narrative of personal responsibility that the casino industry has cultivated to redirect the blame back to the bettor, while cultivating a misleading narrative of winning through paid influencers.

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As a direct result of predatory mechanisms designed to isolate and confuse, millions of individuals are suffering from hopeless addictions leading to gamblers’ ruin.

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From a social justice perspective, my broader vision is to create chicken soup for the bettor’s soul. Against the backdrop of radical short termism across the crypto casino, our mission is to transform finite games into infinite ones: cooperative markets, social gameplay, mass accessibility and trustless design.

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Traditional casino games are solo, PvE experiences designed to immerse and isolate players into an alternate reality to distract attention away from the inevitably losing battle of bankroll vs. time.

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Lighthearted Social Stakes: revolving around accessible experiences designed to spark joy and laughter, leveraging casino-style core loops with social twists that transform “games of luck” into “game theory”

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This is Zero Edge: a digital co-op for lighthearted social stakes. Digital Co-op: an on-chain community fully owned by its members–rooted in values of sustainability over profit and abundance over scarcity–radiating viral memetics and better together vibes

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Casinos end up wrecking their community before “community” can ever form. To destroy the house, we must build one without it, then return it to the community.

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Betting games are one of the only mechanics in an open economy that can sustainably drive organic payer demand. However, traditional casino models don’t work, because they pit the interests of the house against its players, which is the opposite of what web3 incentive models are supposed to accomplish.

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(iv) a long-term sustainable economy with organic payer demand, and (v) a community grounded in values of abundance and long term cooperation, not scarcity and scheming.

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To achieve this, we will need to develop (i) a sybil-resistant, continuously flowing token distribution model, (ii) a free to play onboarding experience (no tokens required for gas or play), (iii) a compelling betting core loop and viral memetics...

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