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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max ↑
@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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MJC
@mjc716
if you look at the leaderboard, there is almost no relation between content quality and market cap. not saying it can’t get there but it’s a token launchpad like any other right now
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Jacque(she|her) 020/100🎥
@jacque
✨ agreed https://farcaster.xyz/jacque/0x8ecffcf6
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Christina BorrowLucid | Chones
@borrowlucid.eth
🙏🙌
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Sinaver Idrisov
@sinaver
leaning towards this opinion as well; unfortunately, given today's tiny distribution the only way to attract user base to "crypto based patrions" is speculation, but the moment we grow out crypto native user base all of these millions coins will disappear
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Flux
@qflux
This is the correct take
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