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Coop
@coopahtroopa.eth
I believe a big reason FC is not seeing more growth the last few months is due to a lack of interest and acceptance of trading and memecoins being the dominant narrative this cycle. FC's infra is best suited to be the defacto home for token projects and yet we see very very little projects doing so. I understand and appreciate the commitment to building, adoption and sustainability. I also recognize that 99% of memecoins will go to 0 by the end of this cycle. However - the current approach is making FC feel like a place that has an entirely different set of convos, most of which are not currently EV+. I say this all as someone that cares deeply about FC and it's growth but think it's important we recognize that crypto-natives on Twitter do not see value in being on here and that feels like a problem to me in the context of the next 12-24 months. It is unlikely that FC just leapfrogs crypto-native adoption and gets an influx of mainstream users without winning the wider crypto crowd over first.
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ted (not lasso)
@ted
dude what x2 imagine someone fading Coop Recs because you don’t worry about what crypto twitter says about you imagine someone doubting that you’re able to grow Coop Recs because you don’t lean into memecoins when onboarding users at midnight diner ps most users who come for memecoins leave (they already did)
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Coop
@coopahtroopa.eth
Disagree that most users who come for memecoins leave. I think this category is the fastest growing in crypto and best reflected by Moonshot dominating in the app store - more so than any other crypto mobile app built by teams on FC. Most people do fade Coop Records - and I think its perfectly logical why and that we need to better fill that gap to meet the market where it currently is. We tell everyone we onboard that they get loyalty points and memecoins for collecting music at Midnight Diner. Most people are actually pretty familiar with them and excited by the prospect of earning. Memecoins are an increasingly popular topic amongst people new to or curious about crypto and I expect that to 10-100x over the next 12-24 months.
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tomu
@tomu.eth
you should launch $dudewhat
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antaur ↑
@antaur.eth
echo on meme-coin leavers. I joined in Jan, and 50% of same cohort followers were dormant for 2-6! months when I culled my list in Sep. Case in point: hardly anyone here left frm @mochi-token incl. dev bc they focus on TG, X and especially IG; the latter will give them mainstream adoption w/o the need for FC.
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Apurv
@apurvkaushal
I think the idea behind the whole meme coin convo is very fair - the why now or catalyst is missing One approach is to piggyback on existing short term meta that- high influx low retention Other is to on board devs to build good consumer apps on FC one of which goes viral ( kinda like when frames came) slow long term but not directly in control Both work and have their pros + cons
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