basil (recession arc)
@itsbasil
jesse got distribution because he is c-suite at a $45 billion public company & the founder of base, the 4th or 5th largest blockchain in the world with like $12 billion of total value locked it very clearly had nothing to do with the content which was 4 words—the exact same 4 words that the entire team tweets at least once per day—typed on a white square so the only way you get “semi-free” distribution is if jesse, or someone of similar status, retweets & shills your coin it has nothing to do with the content & eveything to do with traders speculating on jesse’s attention capture the problem is that jesse buys every single coin that’s deployed on base, incrementally diminishing the value of his signal, as copy traders have now been piling in for months only to get rekt & subsequently bitch on the timeline so while this one garnished some attention, all for the wrong reason by the way, the real content creators saw none of that unless of course they get a signal, at which point…
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ruburi
@ruburi
content coins as a concept absolutely have a right to exist. but the lack of anti-sniping mechanisms and the obsession with $10 mcaps concerns me. especially when the people who already have massive attention rarely use it to uplift or spotlight other creators. imagine building a small onchain museum of 10–15 artworks, each coined and archived via zora. this is where i agree with pumpfun thesis -> attention is not being fairly distributed, and most participants are not here to appreciate the art, they are here to snipe. low mcap becomes bait, not opportunity. and that motivates full-on sniper automation across everything. its ridiculous at this point. i also agree with @sdv.eth: unless you are a popular influencer, the current system makes it hard for creators to extract any value. what we need are tools to amplify creators and builders, not replicate solana-style flipping culture. and this vision needs to be shared by both parties — creators and the infra/platforms. otherwise this never compounds.
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ruburi
@ruburi
and just to be clear -> when I talk about solana here, it’s not even in a negative way. it just feels like the complete opposite of what base (or at least early zora) was trying to be. back then, people were dropping art like in some secret basement gallery — barely discoverable raw shi. you could stumble upon a visual, sit with it, appreciate it, maybe even collect something that just felt right. now its all pumpfun UI/UX. why is zora even copying that interface?
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