basil (propagation arc)
@itsbasil
“hey basil, i made $100 on my post!” > no, not yet you didn’t. you still have to dump the token on the very people who bid up your work in the first place trying to “collect it.” “what? so they have to lose money in order for me to make any? couldn’t i just charge them $5 each? then they’d know what they’re getting & at what price? how much money can they lose?” > they will likely lose every single dollar invested if you pull out $100. “so what am i supposed to do? can i pull out $50?” > yeah, but it will likely cause anyone paying attention to pull out, causing the token to crash either way. “so my collectors are bound to lose money while savvy traders who don’t even care about my work make money?” > yes. “this doesn’t make any sense. my collectors are not dumb… they won’t bid on my next work if they know they’re going to lose money on it. and for what? a token? they don’t want that? they want the art in the post.” > welcome to crypto.
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Apex777.eth
@apex777.eth
remove the dev supply on creation, only give the creator ETH trading fees, not their token -- This is my fix for a model I don't love. They won't do this though, as the "earned" will go from 100$ to like 1$ on the UI.
2 replies
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12 reactions
agusti
@bleu.eth
clanker way
1 reply
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agusti
@bleu.eth
they should have gone with clanker and not zora coins but what do i know CB ventures knows best
1 reply
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Faye
@solitude
CB ventures knows best
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1 reaction