Zora

Tons of really healthy convo on the timeline about the new @zora model.

Really enjoying the debate play out in real time between people like @zinger and @kyle (some of the best traders on FC) and creators like @jessepollak and @dwr.eth doing it for the love of the game.

What's clear to me is that people who are super used to trading are highlighting the inability for most posts to reach sustainable market caps. 

Speculation will come way down in the short term as very little (if any) posts are able to hold above $1m cap UNLESS they are launched by highly prominent individuals.

On the other side I've appreciated @jessepollak commentary that you have to launch a few coins for it to stick as a creator. You'll likely receive a token of backlash for the first few which requires a very specific type of creator to be tolerant of this behavior and want to keep minting their content.

So it leaves us in this interesting middle ground where most coins are *not* meant to be speculated on.

kudos @coopahtroopa.eth for listening, processing, and synthesizing some of the recent coin discourse.

ngl was disheartened to see some default to blanket "disagree" replies or "you're wrong"-coded responses to critical feedback.

feedback is a gift. always good to find truth in it, even if you disagree.

Onchain is the new online - FID 206 -  cooprecords.xyz

helping build farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud”

Have minted through all of it. Helps to be less in a hurry to reach a conclusion · 👓 🔵