ted (not lasso)
@ted
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.
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Cassie Heart
@cassie
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.
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@baseddesigner.eth
Whatever these teams are doing though doesn’t hurt anyone and doesn’t hurt any direct ways to support It just means we have to come up with and build those direct ways while they’re hallucinating with coins
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Cassie Heart
@cassie
On the contrary, most normies are not equipped to deal with speculator rage from chart trench warfare
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@baseddesigner.eth
Yeah and they’re unlikely to engage with it but base may start adding these coins automatically for profiles so there’s nothing to deal with for them
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Joshua
@hashwarlock
yup, waking up to death threats from people launching memecoins in my name last year made it crystal clear for me. Creator coins create clutter & tie monetary value to loyalty which psychologically is unhealthy for any relationship IRL. Here's a simple example: 1) Web2 creator can take proceeds from their content and spend on whatever to improve their vision. No one freaks out bc the creator can spend their money without affecting their community. 2) Web3 creator decides to dump some of their bag to fund their vision. Investors see a drop & are mad bc they feel the creator doesn't care about the community. Sure, you can do some fancy defi magic to pay out the creator, but that's just Web2 with extra steps.
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