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 wrote the following; ‘Anything correlating to larger amounts of people or AI, enabled to seek values. As agreements grow in volume value is typically greater sought and attached for growth. Agreement paired with sought values.’ I placed it in a think tank for simmering out a rendering, and got interesting reply’s: