kia
@kia
this is profound point if you're building a financialized/speculative social app, the path isn't to socialize the traders (i.e. i'm gonna go to solana) it's to financialize the social users
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ted (not lasso)
@ted
🫡🫡🫡 traders =/= content consumers, social users, etc unfort many builders get this wrong
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kia
@kia
to be fair i think financialized social apps need traders to bring liquidity and make the market efficient but they'll come to whatever app/chain if there's arbitrage to be made chasing them as the primary users is so mid
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ted (not lasso)
@ted
eh, tiktok is a financialized social app. flip is a financialized social app. "liquidity" is just users with money willing to spend it on content / goods they deem valuable. no need to overthink it.
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kia
@kia
by liquidity i mean market makers, not takers. point being go after takers and makers will show up. in consumer goods market places that i assume tiktok is the market makers are the sellers and brands, open market for various fulfillment services are various liquidity providers that make the market happen. believe it or not there are arbitrageurs too (resellers and scalpers) there are HFT trading firms that trade ad spots my point being you need these market participants, not just the users, but testament to most people not even realizing these participants even exist/are needed, you don't build *for* the makers, you build for the takers.
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