i'm willing to be wrong.

what's the best argument FOR creator coins?

please change my mind.

The attention economy, unsure whether its PvP or PvE or a hybrid of both since we don’t have to fight against ads

🔔 🔔 
this is how I'm thinking about farcaster + base competitive positioning right now 
🔔 🔔 

tba just introduced a "buyable by default" feature and farcaster is about to release one tomorrow. 

what does this tell us about the state of things?

on one hand, not that much. the idea around tokenizing posts has been circulating in the space for a long time. we laughed at lens when they tried it, but it's pretty cool now that we're doing it 😈  

i'm not currently an enjoyoor of any contentcoin platforms, but they do theoretically create information markets with some legibility, which could be a valuable feature for a social app

on the other hand, buyable by default means that the financial component is no longer secondary. we're at a point where it's clear that farcaster can't compete head-on against other social networks for "interesting content". things may change here but as @nonlinear.eth casted earlier, hope isn't a strategy

the best alternative strategy available on the board is to lean into tokenization and information markets. it's the only edge farcaster clearly holds over other networks.

it's the backdoor bet that farcaster, base and zora are all making and i suspect it's no coincidence that farcaster is releasing their own tokenization model right as base is. this is the main monetization axis they expect to compete on as clients

the tricky part is that these systems only work as information markets once you reach a certain scale -- a scale that neither of farcaster and zora are approaching

the optimistic path is that these information markets unlock enough value to create enough distribution to generate enough trading revenue to attract a scaled quantity of interesting content to kickstart the flywheel

but we've seen what happens when you lead too heavily with financialized social primitives. there is very little good content and a lot of bad content on zora and lens. sorry. not to mention a graveyard of forgotten social projects that have led with tokens

we have real and good content here, though not as much as we'd like. the ultimate question is whether there is enough good content and strong culture to turn the corner and make the jump from a social network to an information market

creator+contentcoins is the dominant strategy

app developer /spotlight | MediaFi & Attention Markets

it's saying the risk/reward is not very good but it may be the best course of action because farcaster and zora have not found a wedge to compete directly on interesting content

this feels more like an argument against content coins, no?

creator+contentcoins is the dominant strategy

https://farcaster.xyz/mjc716/0xe666c398

seeker. generalist. experience in product design, branding, python, game modding, pixel art, daos, biohacking

why have an argument for or against? they're inevitable... an organic force that will stretch and adapt until it finds home in some latent valley where its nothing more than infrastructure outside of corporate influence.

Help the $COIN stock go up, and become a cog spinning something greater than yourself.

Proxy for token/thesis it's paired with · 👓 🔵

If a coin goes viral it’s way better positioned to make creators + early supporters money than nfts 

And networked effects and composability of coins > nfts