basil (recession arc)
@itsbasil
when everything becomes a token, nothing has value; this fundamental truth has been ignored & the fallout is now making its way to x 1) excessive tokenization creates a mirage of opportunity while actually destroying ecosystem value. when we fragment liquidity across thousands of micro-tokens, each new addition doesn't expand the pie—it merely slices it thinner. attention remains finite; liquidity remains finite; but tokens multiply endlessly 2) the math simply doesn't work. in a hyper-tokenized environment, capital continually flows toward novelty, creating temporary spikes followed by inevitable crashes. you can say "normal market efficiency" but the system generates far more losers than winners by design, not by accident 3) "direct monetization" sounds empowering but masks a brutal reality: without substantial existing audience, discovery becomes nearly impossible in a sea of tokens. creators with smaller followings face worse odds than in traditional systems, not better ones
7 replies
12 recasts
74 reactions
basil (recession arc)
@itsbasil
we need ecosystems where success compounds rather than cannibalizes. this requires: > upstream value capture that benefits the entire ecosystem, not just individual tokens > mechanisms for discovery that don't place the entire burden on creators' reach > risk distribution that allows users to participate in broader success rather than gambling on individual creators lastly, critiquing over-tokenization isn't anti-crypto—it's advocating for sustainable tokenomics. i want token systems that create genuine value, not just temporary arbitrage opportunities; that is all this is doing we need token models that strengthen as they grow, not systems that collapse under their own weight. until we design with these principles, tokenization will continue to burn more users than it benefits this is the sad truth whatever this is, is not working & will never work, at least not in any sustainable fashion we have the ability to create better systems; that is why most of us are here in the first place...
4 replies
1 recast
36 reactions
ruburi
@ruburi
i highly agree with all three points. especially on discovery mechanisms because in today's world -> the more popular you are -> the more valuable your ideas are perceived. but things dont always work this way. attention != quality (at least not consistent or sustainable quality) also @six's take about people joining crypto, losing money and then leave -> its logically correct from all angles right now what are the key traits of a compounding system? 1. participants continuously benefit from being in the system. this always requires some form of incentivization 2. the number of participants grows over time because new value attracts new people organically 3. each participant's action creates genuine value, which contributes back to the system and benefits others too 4. its PvE, not PvP — people play with the system, not against each other
1 reply
0 recast
1 reaction
ruburi
@ruburi
currently, every token crashes as soon as there is a strong sell pressure. people just dont believe in anything. especially after pumpfun they see token as a tool for speculation. to make fast 100x and cash out. thats natural and not bad at all. so why am i saying all this? i think if we want to build a truly compounding system, we need to solve two hard problems: 1. make people believe (which is difficult, especially if you are not an influencer) 2. people should always receive incentives for being in the system (money is the end game for many many people, i dont know when this approach will change) im even genuinely curious: has there ever been a truly compounding system in crypto — one where everyone benefited just from participating?
1 reply
0 recast
1 reaction
ruburi
@ruburi
reviewing the base is for everyone launch. everyone says its bad. but bad from what perspective exactly? > speculation yeah not the best token to speculate on its high risk. but like 99% of crypto tokens are. nothing new here > adoption sure a lot of people didnt vibe with it. but not because the launch was bad. not because tokenizing this wasnt a good idea. not even because launching it from official account was wrong. i think its all about how people perceive tokens now. first reaction when they see a token from a known account is to buy fast and dump on someone later. not to actually look into what it means. not to ask what content tokens are or what it enables > did this launch cannibalize attention yes. but the more tokens that cannibalize attention the less effective that becomes. people just stop caring they start ignoring everything that looks like a quick flip. there is no instant solution for this if you want to start tokenizing something. you immediately under the sight for everyone in crypto
1 reply
0 recast
0 reaction