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”

Personally I'm on the fence as an artist launching a coin. I'm looking to find a clear answer if these would be classified as securities. I'm observing those who are launching theirs and hoping for the best for everyone giving it a try.

it really just takes one moodeng, pepe, doge narrative to smash this theory. we already lived thru this and yall keep perpetuating it. makes 0 sense. the idea that iteration and exhaustion will give way to something one hasnt seen before is peak cope. were not losing our virginity here. why is it being treated as such? lmfao

I just read everything @coopahtroopa.eth has posted and he is absolutely right in his words

Shared some thoughts on X about this.
Not a feature I personally like, but I believe there’s a market for it.

I like things being onchain, but not everything needs to be a token, it sort of gets tiresome at some point.
Let posts be posts and that’s all

Just my view, not saying it’s bad. I personally just have to move to move to a different platform

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