0xmons
@xmon.eth
nah fam idt this is it see broader discussion (me and basils posts) who is actually winning here it's literally the same shitcoin meta except now we made the numbers 10x smaller? i feel like there's a bunch of underlying assumptions if u read into the followup reply, most of which seem to imply that this is how we onboard the next XXX million developing world people because $3 means a lot more for them and this latent ongoing speculation game is supposed to better reward people who can catch such vibes early But none of that is being up for discussion (eg is that target demographic really going to be somehow better than the current market participant? does that matter? Are there other onboarding methods that don't involve cluttering the global token name/attention space? etc etc) None of that is being made explicit here, just claiming that embracing multiple coins and lower market caps is "based" or "is the way forward" No bueno
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kenny ๐ฉ
@kenny
main problem is assuming this is sustainable if more than just a handful of people do it diminishing marginal returns still exist
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basil (recession arc)
@itsbasil
how does this rationale make sense? a 10% return is a 10% return; the price is arbitrary. this is the stock split argument; its financial engineering. what do you think these traders do when they build up enough capital; do you think they still wager a bunch of $0.10 trades? or would they move to invest larger sums? do you think its most beneficial to the artist to have a dozen menial traders in & out of their art pieces that inevitably abruptly exit, or would it be better to have a network token that they can reinvest their earnings back into? that their collectors can stake on your pieces to signal long-term alignment? share revenue? is it better that the artist receives $10 in weekly revenue on a bunch of bs trading volume that will inevitably end no where & adds no distribution, or a percentage of volume brought into the entire network? a large percentage of 1/1 sales? is the goal to attract swing traders or collectors? in this model, how does the success of one piece benefit the many others?
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gegรจ
@18kgoldsouvenir.eth
yes, ty the problem with warpcast is that jesse can write this stuff and get 0 pushback (many people here joined in 2024 and actually believe this propaganda) sometimes I can't believe what I read https://warpcast.com/18kgoldsouvenir.eth/0x160b8799
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๐ถ๐๐๐๐ฉ๐
@toyboy.eth
Yeah, totally hear you. It does feel like thereโs a lot being left unsaid or waved away with vague moral framing like, โsmaller cap = more accessible = better for the worldโโwithout really digging into the implications or tradeoffs.
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