horsefacts
@horsefacts.eth
off the dome, one Coin per creator seems better than one Coin per content. (each content could be priced in terms of CreatorCoin). except for the fact that this is less like a memecoin and more like a s*curity, why is this a worse model?
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Cameron Armstrong
@cameron
I’ve done so many hours of user research here and fundamentally almost every serious creator doesn’t want to: 1. Have their body of work (and career) tied to an extremely fickle, arbitrary number 2. Lose their sense of self worth in the aggressive financialization of their every move 3. Scam their true fans (even accidentally) For the vast majority artists and makers, launching a coin is ALWAYS serious bc it’s tied to their reputation (which is basically all they have bc they have no money) and most of their fans aren’t degenerate gamblers so they cannot and will not understand why number go up and down so much and so fast. Number can’t go up rationally without being tied to a stream of cash flows. That is fundamentally a security. Everything else is the fever dream playland of (who I affectionately call) the mentally ill.
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Crazy Eight 🎩
@crazyeight
Would you say then that rather than "coining" their work, creators would prefer to allow their fans to purchase the NFT version of the work? The fans are supporting the creator directly by buying it, as opposed to purchasing a coin that the creator will need to "dump" to see any profits
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Cameron Armstrong
@cameron
yea I mean one of the biggest artist complaints here is all the nft platforms removing their ability to just sell NFTs like they were previously able to do
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