coins

Degen

degenerative artist — /yon-experience · /groupies

1/ my 2c here is *for most coins* (e.g. $GDUPI), you need a sustainable source of demand and consumer friendly feedback loops + experiences to drive that demand. without that, you're relying on a very leaky bucket of attention -> ?? -> demand, which (as you're experiencing), is not a ... reliable source. while that might work for some coins, i am unconvinced it's long term sustainable.

historically, I think the primary way that people have been able to generate this demand is to build *experiences or apps* that either consume the token (e.g. pay $GDPUI to do Y) or charge fees for an experience that you then the project then uses to buy/burn/dividend the token (e.g. pay $ to do Y, take $ and buy/burn $GDUPI). this has been the strategy for many apps (e.g. AAVE does buybacks) as well as memecoins (e.g. $TRUMP doing dinner). 

this strategy can be sound — but it requires you to either build apps or other experiences (e.g. dinner, swag, whatever). for many creatives, i'm unconvinced that's desirable / good!

some quick thoughts in response to @yonfrula on how coins can grow

curious for other people's thoughts on the problem statement + solutions

artist · creative director at @rainbow — /groupies · /yon-experience

I've been thinking about this... 🌱

When you create a coin, there’s so much in play: attention, excitement, expectations. And truth is, content has a shelf life..  it lives for a day, a week, a month… sometimes years... then boom 💥 onto the next thing.

But if Jesse launches an official $JESSE coin (🚀), what happens to all the other Jesse-content-coins? Do we jump from one to the next? Abandon the OG? Or make new content coins only purchasable with the original? 🎟️ Or even go full galaxy brain - build games, apps, a DAO, a metaverse all around it? 🌌

The reality: creating more coins to support a coin defeats the purpose of the coin.