Content
@
https://warpcast.com/~/channel/nearchos
0 reply
0 recast
0 reaction
Trigs
@trigs
I'm still working on getting revnet-pilled, but in general I agree that devs having utility/loyalty coins that can develop secondary markets over time is healthy! The problem is trying to skip straight to amm liquidity pools and generate trading volume before the dev has actually produced any meaningful progress on something the token can be used for. This just fragments the limited market that is willing to invest at this stage. If the only way to get a token is to buy it straight from the dev, and the only thing to do with it is use it on the dev's products, then there's a circular economy being developed. Once the dev's products start getting traction, now ppl can start speculating on the potential demand it could create and now there's a viable secondary market that can be non-extractive from the work the dev is actually doing. https://warpcast.com/kmacb.eth/0x7b934fa3
4 replies
0 recast
4 reactions
TheThriller 🎩 Adam Miller
@thethriller
Isn't it good, though, to be able to raise money BEFORE you've built something, so that you can then build it?
1 reply
0 recast
2 reactions
Trigs
@trigs
Exactly the way I'm looking at it. I just think there's a larger market potential for getting devs funded to build stuff when there's a tighter circle of value extraction. When it's just a trading pool and devs collect fees, the incentives dictate that: - extractive traders will win the most - devs that hype pump 'n dumps will get the most, especially if they're also Sybil traders - devs who focus on building quietly get the least - the most dedicated holders get nothing in the end almost always We'll never get mainstream adoption with this structure- or even worse if we do it'll mean we've finally just trained the entire world to normalize degenerate day trading... I think if we design systems that encourage a more transparent funnel of value from investors to builders, it creates an entirely new incentive structure that encourages more pro-social development.
0 reply
0 recast
2 reactions
