Zackys

@allchaingems

4 Following

0 Followers

Dan Romero pfp

The fundamental problem to solve for with personal tokens / creator coins / etc. is the psychological effect of a significant price decline. 1. Most people are not equipped to manage a liquid, global, 24/7 traded asset. 2. Current norms are that if someone buys an asset, they expect the person / team / organization behind that asset are incentivized long-term to make that asset more valuable. 3. When there's a significant price decline, many / most creators will be overwhelmed by the hole they now need to dig themselves out of. Layer on a bunch of angry, pseudonymous people screaming at them on the internet. 4. Additionally, what happens when you want to stop creating? Like Outdoor Boys recently did. Contrast to a publicly traded company where the founder retires—the value still continues to accrue. Possible ways to change this 1. Invent a new asset that's time bound. Closer to a prediction market or an option. "I'm speculating on X during period Y." 2. Change norms / culture -- this is super slow.

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Dan Romero pfp

A secondary problem: solve the norms for allowing the creator to sell. Today, if someone behind a crypto asset sells said asset, it's deemed to be "dumping" and a bearish signal. (People tend to ignore if number keeps going up.) In public markets, there are 1) planned sales (10b5-1) and 2) transparency around insider ownership (disclosed in quarterly financials). This doesn't exist in crypto yet (despite a few efforts). Consider two scenarios: a) Taylor Swift does a concert tour and generates $2B in ticket sales from her fans. That's a direct transfer of money from fans to the creator b) Taylor Swift does a concert tour and sells $2B worth of creator coin. Fans can attend the concert if they hold X amount of her creator coin. The increase in demand for the coin provides sufficient increased market cap / liquidity for the creator to realize value. In scenarios A and B, the creator realizes the same amount of value. But in scenario B, current norms make this feel bad, whereas scenario A is normal.

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Dan Romero pfp

Latest on Farcaster Pro 1. Launches tomorrow Tuesday May 27 after 1pm Pacific. In-app notification. 2. First 10,000 subscribers will receive an NFT at a later date. It's the same NFT for everyone. One subscription per FID. You must use the Farcaster mobile app to subscribe. USDC or warps—one or the other, no combinations. 3. There are no other benefits to the NFT; it's a benefit of Farcaster Pro. If you end up buying an NFT on the secondary market, there's no secret benefit. 4. If you have any hesitations about Farcaster Pro — $120 annually, only Day 1 feature is a badge and NFT—then *do not* subscribe. There are no refunds. We'd like to add 10K character casts and up to 4 images in the near future, but you should only subscribe tomorrow if you're excited about it. 5. It's one price globally. The goal here is to maximize revenue for the protocol—and 100% of revenue will go to creator and developer rewards. 6. It's optional. No benefit to reach, visibility or rewards. You don't have to subscribe.

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Lily Fox pfp

Chicken2022 aka Lily Fox just landed in New York—first time in the States and out of Europe! Thanks for the love on the chicken name. If you got any chicken related ideas for a profile pic, please send my my way! Big thanks to my legend bro @matthewfox for bringing me into this side of the internet already learning loads from you all

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Dan Romero pfp

All successful startups are a Pareto blend of these memes

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Jimmy😼 pfp

Things that are a bigger flex than a nice watch or car – not checking your phone when you wake up – walking at 2pm just because – turning off your laptop before 10pm – cooking for people you love – saying “nah I’m good” and meaning it – having no idea what day of the week it is – doing literally nothing and not feeling guilty

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Dan Romero pfp

If you're running into a bug with the web wallet, please reply to this cast with a screenshot and/or video.

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Cast To Earn pfp

don't forget to like, repost on X. your support will make everything more valuable 🤝🫡 https://x.com/Cast2Earn/status/1917788710625763792?t=zCTFeC4R9k2rgC94cQ8fbw&s=19

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kingd.eth pfp

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Yano pfp

Prediction market disputes are a bigger problem than I realized. Seems like there must be a better way. From an interview with Domer (top polymarket trader). https://www.onchaintimes.com/a-chat-with-domer-the-1-trader-on-polymarket/

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Zackys pfp

This app still need fix UX

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Cast To Earn pfp

$C2E will be launched on uniswap and can be claimed on May 1st 16:00 UTC Initial supply: 6.2B Airdrop distribution: 2.57B LP: 3.7B CA : -

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Zackys pfp

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Dan Romero pfp

Excited to add Monad support to Farcaster — wallet and mini apps. Testnet is live today!

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Sid 🎩 pfp

Been deeply researching Farcaster since last week. Found something disturbing: For sure, Facebook has Mark Zuckerberg. But Farcaster? Farcaster has Sam Berg. (@samuellhuber.eth)

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Jimmy😼 pfp

Still chained to the 9-5, but spiritually here at GM Farcaster.

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Dan Romero pfp

As of today, there are 100,478 funded warplets.

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Cast To Earn pfp

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Zackys pfp

My cast2earn score: 109 Pts + 100 Ref! Total: 7.090 C2E. Use my referral code XACTY and get 100 extra points! 🚀🫡

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