when i see criticism around creator coins, i ask myself a) who is criticizing, b) what is their role in the industry, c) what is the criticism (e.g. what is the root of their frustrations)?

in doing so, it becomes clear quite quickly that most people's core problem or frustration isn't really with creator coins.

building @privy, ex-farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud” 🤠

Hyperliquid

My problem with it is that it does little to actually attract thoughtful content, and further turns to dial towards social being transactional, which further narrows the audience that is attracted to the platform to those who only want transactional social.

The thing is, the teams that are doing this are blinded by vanity metrics that are clearly their North Star: market caps. What they miss is that it only amounts to a second order effect — the attention it accrues bringing money, which will leave just as quickly because creator monetization in web2 social was an ecosystem driver for content, separate from the users directly sending money (typically), rather than a direct flow.

BDFL of Quilibrium, ex-Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium