0xen 🎩
@0xen
underestimate culture and vibes at your absolute peril. blockchains very much are brands. back in the 60s Robert Irwin was frustrated that all the good artists would move from California to New York and a famous dealer told him that no matter your stature, a painting that would sell in 1 day in NY might take weeks or months to sell in LA. if you disagree and think blockchains are just invisible tech try launching yr consumer crypto product on IOTA or Stellar and see how far you get. https://x.com/dwr/status/1852062425773953092
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Dan Romero
@dwr.eth
still doesn't fix d30
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Garrett
@garrett
d30 matters less and less when there's not user growth alongside it
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Zach Davidson
@zd
Lol brother this is backwards Growth matters less and less when there's no retention preceding it Why attempt to grow something that people use once and stop using?
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Garrett
@garrett
Maybe it is! My point is that I think you can parrallel path growth and retention opposed to being 100% focused on retention Did early social apps solve for retention or network effects? Why did I come back to Facebook or Myspace in the early days? Because more and more of my friends were there to be social, not to consume content A lot of social media today is really about media and content consumption rather than a social network for me to talk to my friends or connect with a social circle
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Zach Davidson
@zd
I see your point, but unfortunately that parallelizing rarely works. Why? 1. Splitting time half on growth / half on retention leads to lack of focus 2. Without retention you have a leaky bucket - adding more total users doesn't change the number of active users (thus, no growth)
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Zach Davidson
@zd
To your point on why you came back to Facebook: Network effects drive retention in social networks. But how do you get network effects? Good people producing good content, which creates a flywheel. You came back to see what your friends (good people) were saying (good content). And the more of them joined the network, the more frequently you came back. However, if the good people were silent (not posting good content), you prob wouldn't come back ever again.
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Zach Davidson
@zd
Good people produce good content, which brings in more good people who produce good content. The two are inextricably linked.
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Garrett
@garrett
Are they though? Nobody was coming to facebook or myspace for "content" - they were coming there to connect with friends in a novel and dynamic manner People join Telegram because its where people are conversing and yes that can mean content but not quite the same way that people talk about "content" on a social network with a feed or algo
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Zach Davidson
@zd
https://warpcast.com/zd/0xf122e596
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